Rubrik, Inc. $RBRK Shares Newly Acquired by MBL Wealth LLC

MBL Wealth LLC bought a new stake in Rubrik, Inc. (NYSE:RBRK) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 5,098 shares of the company’s stock, valued at approximately $584,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RBRK. Strategic Planning Group LLC purchased a new stake in shares of Rubrik during the third quarter worth about $262,000. Brookstone Capital Management acquired a new position in shares of Rubrik in the third quarter valued at approximately $532,000. Root Financial Partners LLC acquired a new position in shares of Rubrik in the third quarter valued at approximately $287,000. SBI Securities Co. Ltd. lifted its stake in shares of Rubrik by 2.4% during the third quarter. SBI Securities Co. Ltd. now owns 5,457 shares of the company’s stock valued at $625,000 after buying an additional 128 shares during the period. Finally, Reyes Financial Architecture Inc. purchased a new position in shares of Rubrik during the third quarter valued at approximately $98,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Price Performance

NYSE RBRK opened at $129.18 on Friday. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $130.84. The company has a 50-day moving average of $107.10 and a 200-day moving average of $83.35. The company has a market cap of $26.78 billion, a P/E ratio of -102.52 and a beta of 1.12.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The company’s revenue was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities research analysts anticipate that Rubrik, Inc. will post -1.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Guggenheim boosted their price target on Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. Citigroup boosted their price target on Rubrik from $96.00 to $130.00 and gave the company a “buy” rating in a report on Friday, August 28th. Mizuho increased their price target on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $115.56.

Insider Buying and Selling

In other Rubrik news, Director John Thompson sold 11,000 shares of Rubrik stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $74.10, for a total value of $815,100.00. Following the transaction, the director owned 8,362 shares in the company, valued at $619,624.20. This trade represents a 56.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the completion of the transaction, the chief technology officer owned 293,293 shares in the company, valued at approximately $26,516,620.13. This trade represents a 4.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 139,583 shares of company stock valued at $13,515,814. Insiders own 13.66% of the company’s stock.

Rubrik Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.