Mass General Brigham Inc Purchases New Position in Rubrik, Inc. $RBRK

Mass General Brigham Inc purchased a new stake in Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,000 shares of the company’s stock, valued at approximately $1,071,000. Rubrik accounts for 0.1% of Mass General Brigham Inc’s investment portfolio, making the stock its 7th largest position.

Other large investors have also recently modified their holdings of the company. Bogart Wealth LLC boosted its holdings in shares of Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after buying an additional 340 shares during the period. Financial Life Planners purchased a new stake in Rubrik during the third quarter worth $31,000. Guerra Advisors Inc purchased a new stake in Rubrik during the third quarter worth $33,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Rubrik during the third quarter worth $34,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

Rubrik stock opened at $53.53 on Tuesday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $103.00. The firm has a 50 day moving average price of $51.78 and a two-hundred day moving average price of $65.45. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of -30.24 and a beta of 0.63.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million for the quarter, compared to the consensus estimate of $342.43 million. During the same quarter in the previous year, the business posted ($0.18) EPS. The firm’s revenue for the quarter was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, equities research analysts predict that Rubrik, Inc. will post -1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Mizuho dropped their price target on Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. BTIG Research assumed coverage on Rubrik in a report on Friday, March 20th. They issued a “buy” rating and a $64.00 price target on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Rubrik in a report on Monday, March 16th. Wells Fargo & Company dropped their price target on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Finally, BMO Capital Markets lowered their price objective on shares of Rubrik from $105.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and an average target price of $87.71.

Insiders Place Their Bets

In other Rubrik news, Director Mark D. Mclaughlin purchased 10,638 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was acquired at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the purchase, the director owned 13,639 shares of the company’s stock, valued at $643,897.19. This trade represents a 354.48% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Wendell Thompson sold 2,500 shares of Rubrik stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $48.96, for a total transaction of $122,400.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at $979,200. This represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 203,113 shares of company stock worth $10,157,582. 32.38% of the stock is currently owned by company insiders.

Rubrik Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).