Wedmont Private Capital Raises Stock Holdings in Rubrik, Inc. $RBRK

Wedmont Private Capital boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 181.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,054 shares of the company’s stock after purchasing an additional 10,340 shares during the quarter. Wedmont Private Capital’s holdings in Rubrik were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in shares of Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 150 shares during the period. Atlantic Union Bankshares Corp lifted its position in Rubrik by 100.0% during the 4th 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 period. Creative Planning grew its stake in Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares during the last quarter. Moors & Cabot Inc. grew its stake in Rubrik by 9.2% during the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after purchasing an additional 282 shares during the last quarter. Finally, Essential Partners LLC increased its holdings in shares of Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares during the period. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of Rubrik stock opened at $93.85 on Tuesday. The firm has a 50-day simple moving average of $87.14 and a two-hundred day simple moving average of $69.08. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $107.91. The company has a market cap of $19.32 billion, a P/E ratio of -74.48 and a beta of 1.24.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same quarter last year, the business earned ($0.03) earnings per share. Rubrik’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. Equities research analysts forecast that Rubrik, Inc. will post -1.21 EPS for the current year.

Analysts Set New Price Targets

RBRK has been the subject of several research analyst reports. Jefferies Financial Group set a $90.00 price objective on Rubrik in a research note on Friday, June 5th. Truist Financial increased their price target on shares of Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Stephens reissued an “overweight” rating on shares of Rubrik in a research report on Friday, August 28th. Robert W. Baird lifted their price objective on shares of Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. Finally, Guggenheim upped their price objective on shares of Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $112.15.

Insiders Place Their Bets

In other Rubrik news, Director Ravi Mhatre sold 3,979 shares of the firm’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 sale, the director directly owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kiran Choudary sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.32, for a total value of $983,200.00. Following the completion of the sale, the chief financial officer owned 978,073 shares of the company’s stock, valued at $96,164,137.36. This trade represents a 1.01% 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. Over the last ninety days, insiders have sold 112,577 shares of company stock worth $9,376,785. Company insiders own 13.66% of the company’s stock.

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).