12,602 Shares in Rubrik, Inc. $RBRK Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 1st quarter, Holdings Channel.com reports. The firm bought 12,602 shares of the company’s stock, valued at approximately $617,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp raised its position in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Rubrik in the fourth quarter worth approximately $33,000. Banque Cantonale Vaudoise bought a new stake in Rubrik in the third quarter valued at approximately $34,000. Los Angeles Capital Management LLC acquired a new stake in Rubrik during the 4th quarter valued at approximately $35,000. Finally, Comerica Bank increased its position in Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares during the period. Institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

RBRK has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. BMO Capital Markets boosted their target price on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, July 10th. KeyCorp increased their price target on Rubrik from $88.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Rosenblatt Securities reissued a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Monday, June 1st. Finally, Oppenheimer raised their target price on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.96.

Insider Transactions at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total value of $909,150.00. Following the completion of the sale, the director owned 8,362 shares of the company’s stock, valued at approximately $691,119.30. This trade represents a 56.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the transaction, the director directly owned 125,351 shares in the company, valued at $10,416,668.10. The trade was a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 291,321 shares of company stock valued at $24,074,426. 13.66% of the stock is currently owned by corporate insiders.

Rubrik Trading Down 4.3%

NYSE:RBRK opened at $71.61 on Wednesday. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of -49.39 and a beta of 1.10. The firm has a fifty day simple moving average of $75.56 and a two-hundred day simple moving average of $62.72. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. Rubrik’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Rubrik Company 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).