Royal Bank of Canada Purchases 146,939 Shares of Rubrik, Inc. $RBRK

Royal Bank of Canada grew its position in Rubrik, Inc. (NYSE:RBRK) by 64.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 375,259 shares of the company’s stock after purchasing an additional 146,939 shares during the quarter. Royal Bank of Canada’s holdings in Rubrik were worth $18,376,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp grew its holdings in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Rubrik in the 3rd quarter valued at approximately $34,000. Triumph Capital Management bought a new position in Rubrik in the 4th quarter valued at approximately $33,000. Los Angeles Capital Management LLC purchased a new stake in Rubrik during the 4th quarter valued at $35,000. Finally, Advocate Investing Services LLC purchased a new stake in Rubrik during the 4th quarter valued at $38,000. Institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

RBRK has been the subject of several recent analyst reports. Loop Capital assumed coverage on Rubrik in a research note on Monday. They issued a “buy” rating and a $100.00 price target for the company. KeyCorp increased their price objective on Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of Rubrik in a report on Monday, June 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Finally, Guggenheim restated a “buy” rating on shares of Rubrik in a research note on Friday, June 5th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.20.

Rubrik Trading Up 0.0%

RBRK opened at $84.81 on Friday. The company has a market cap of $17.46 billion, a price-to-earnings ratio of -58.49 and a beta of 1.17. The company’s 50 day moving average is $77.01 and its 200 day moving average is $63.09. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75.

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

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $83.71, for a total value of $1,073,162.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares in the company, valued at $24,551,557.03. This represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total value of $54,075.00. Following the completion of the transaction, the director directly owned 3,917 shares in the company, valued at approximately $293,775. This represents a 15.55% 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. In the last 90 days, insiders sold 317,682 shares of company stock worth $26,402,176. 13.66% of the stock is currently owned by 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).