Partners Wealth Management LLC Acquires New Shares in Rubrik, Inc. $RBRK

Partners Wealth Management LLC acquired a new stake in Rubrik, Inc. (NYSE:RBRK) in the third quarter, HoldingsChannel.com reports. The fund acquired 5,309 shares of the company’s stock, valued at approximately $608,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RBRK. Soltis Investment Advisors LLC lifted its holdings in Rubrik by 32.6% during the 3rd quarter. Soltis Investment Advisors LLC now owns 4,502 shares of the company’s stock valued at $515,000 after purchasing an additional 1,106 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in Rubrik by 8.3% during the third quarter. Motley Fool Asset Management LLC now owns 3,218 shares of the company’s stock worth $368,000 after purchasing an additional 246 shares during the period. North Dakota State Investment Board boosted its position in Rubrik by 11.7% during the third quarter. North Dakota State Investment Board now owns 4,747 shares of the company’s stock worth $543,000 after purchasing an additional 496 shares during the period. VestGen Advisors LLC increased its holdings in shares of Rubrik by 40.3% in the third quarter. VestGen Advisors LLC now owns 5,731 shares of the company’s stock valued at $656,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Moody Aldrich Partners LLC acquired a new position in shares of Rubrik in the third quarter valued at $324,000. 49.54% of the stock is currently owned by institutional investors.

Insider Activity at Rubrik

In other Rubrik news, CFO Kiran Choudary sold 10,000 shares of Rubrik stock in a transaction dated 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 in the company, valued at $96,164,137.36. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Thompson sold 11,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $74.10, for a total transaction of $815,100.00. Following the completion of the sale, the director directly owned 8,362 shares of the company’s stock, valued at $619,624.20. This represents a 56.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 139,583 shares of company stock worth $13,515,814. Corporate insiders own 13.66% of the company’s stock.

Analysts Set New Price Targets

RBRK has been the topic of several research analyst reports. Morgan Stanley initiated coverage on shares of Rubrik in a research report on Thursday. They issued an “overweight” rating and a $155.00 price objective on the stock. Stephens reaffirmed an “overweight” rating on shares of Rubrik in a report on Friday, August 28th. Truist Financial upped their price target on shares of Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Wells Fargo & Company increased their price target on shares of Rubrik from $90.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. Thirty equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.04.

Rubrik Price Performance

Shares of NYSE RBRK opened at $123.78 on Friday. The stock’s fifty day moving average price is $110.48 and its two-hundred day moving average price is $76.77. Rubrik, Inc. has a one year low of $42.25 and a one year high of $139.92. The firm has a market cap of $25.66 billion, a price-to-earnings ratio of -98.24 and a beta of 1.12.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The firm’s quarterly 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. On average, equities analysts anticipate that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.