Novare Capital Management LLC Invests $404,000 in Rubrik, Inc. $RBRK

Novare Capital Management LLC bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,510 shares of the company’s stock, valued at approximately $404,000.

A number of other large investors also recently made changes to their positions in RBRK. ST Germain D J Co. Inc. bought a new position in shares of Rubrik during the second quarter worth approximately $27,000. Beacon Capital Management LLC bought a new position in shares of Rubrik during the second quarter worth approximately $29,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the first quarter worth approximately $30,000. Summit Securities Group LLC bought a new position in shares of Rubrik during the first quarter worth approximately $31,000. Finally, Comerica Bank increased its stake in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares during the period. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of RBRK opened at $77.18 on Friday. Rubrik, Inc. has a 52-week low of $37.38 and a 52-week high of $103.00. The business’s fifty day moving average is $83.79 and its 200-day moving average is $82.46. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of -32.98 and a beta of 0.24.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.31. The business had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.25 million. During the same quarter in the previous year, the business posted ($0.40) EPS. The company’s revenue for the quarter was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. As a group, research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Arvind Nithrakashyap sold 40,170 shares of Rubrik stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $2,981,015.70. Following the transaction, the chief technology officer owned 333,528 shares in the company, valued at approximately $24,751,112.88. This trade represents a 10.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kiran Kumar Choudary sold 6,599 shares of Rubrik stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $489,711.79. Following the completion of the transaction, the chief financial officer owned 516,184 shares in the company, valued at approximately $38,306,014.64. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,966 shares of company stock worth $11,192,544. 32.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RBRK shares. Wall Street Zen lowered Rubrik from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. KeyCorp raised their price objective on Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. CIBC raised their price objective on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a research note on Thursday, September 11th. Rosenblatt Securities raised their price objective on Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, FBN Securities restated an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.67.

Rubrik Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.