Gradient Investments LLC Raises Position in Rubrik, Inc. $RBRK

Gradient Investments LLC lifted its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 34.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 25,652 shares of the company’s stock after acquiring an additional 6,567 shares during the period. Gradient Investments LLC’s holdings in Rubrik were worth $2,059,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RBRK. Essential Partners LLC lifted its position in Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after buying an additional 284 shares during the period. Atlantic Union Bankshares Corp boosted its stake in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Triumph Capital Management purchased a new stake in Rubrik in the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise purchased a new stake in Rubrik in the 3rd quarter valued at about $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Rubrik during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insider Buying and Selling

In other Rubrik news, 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 completion of the transaction, the director owned 125,351 shares in the company, valued at $10,416,668.10. This represents a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Wendell Thompson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $74.11, for a total value of $185,275.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $741,100. This represents a 20.00% decrease in their position. 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 have sold 317,682 shares of company stock valued at $26,402,176. Corporate insiders own 13.66% of the company’s stock.

Rubrik Trading Down 0.1%

Shares of NYSE RBRK opened at $90.02 on Monday. The stock has a fifty day moving average price of $77.24 and a 200 day moving average price of $63.26. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The company has a market cap of $18.53 billion, a P/E ratio of -62.08 and a beta of 1.17.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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. During the same quarter in the prior year, the firm earned ($0.15) EPS. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, sell-side analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wolfe Research reiterated an “outperform” rating and set a $95.00 price objective on shares of Rubrik in a report on Friday, June 5th. Robert W. Baird boosted their target price on shares of Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Citigroup increased their price target on shares of Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $91.00 price target (up from $84.00) on shares of Rubrik in a report on Friday, June 5th. Twenty-nine 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 an average target price of $94.20.

About Rubrik

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).