Money Concepts Capital Corp Purchases 14,422 Shares of Rubrik, Inc. $RBRK

Money Concepts Capital Corp increased its position in Rubrik, Inc. (NYSE:RBRK) by 82.4% in the first quarter, HoldingsChannel reports. The firm owned 31,933 shares of the company’s stock after purchasing an additional 14,422 shares during the quarter. Money Concepts Capital Corp’s holdings in Rubrik were worth $1,564,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CTO Arvind Nithrakashyap sold 199,447 shares of Rubrik stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16. Following the completion of the sale, the chief technology officer directly owned 314,048 shares in the company, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the completion of the transaction, the director directly owned 4,653 shares of the company’s stock, valued at approximately $258,148.44. This trade represents a 70.27% 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. In the last ninety days, insiders sold 287,342 shares of company stock valued at $23,743,772. Company insiders own 13.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $91.00 price objective (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Mizuho lifted their target price on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Cantor Fitzgerald reissued an “overweight” rating on shares of Rubrik in a research report on Friday, June 26th. Finally, Stephens reissued an “overweight” rating and issued a $90.00 target price on shares of Rubrik in a research note on Monday, June 15th. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.46.

Rubrik Price Performance

NYSE RBRK traded down $4.52 during mid-day trading on Friday, reaching $84.23. The stock had a trading volume of 2,487,156 shares, compared to its average volume of 3,430,666. The stock has a market cap of $17.34 billion, a PE ratio of -58.09 and a beta of 1.10. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75. The company has a fifty day moving average price of $71.54 and a 200 day moving average price of $62.79.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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. The business’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.15) earnings per share. 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, equities research analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current year.

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).