Wealth Effects LLC Acquires Shares of 35,072 Rubrik, Inc. $RBRK

Wealth Effects LLC bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,072 shares of the company’s stock, valued at approximately $1,717,000.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after buying an additional 340 shares during the last quarter. Financial Life Planners purchased a new stake in Rubrik during the third quarter worth about $31,000. Atlantic Union Bankshares Corp increased its holdings in Rubrik by 100.0% during the fourth 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 bought a new stake in Rubrik in the fourth quarter worth about $33,000. Finally, Banque Cantonale Vaudoise bought a new stake in Rubrik in the third quarter worth about $34,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Stock Up 1.9%

NYSE RBRK opened at $72.35 on Friday. The company has a market cap of $14.89 billion, a PE ratio of -49.90 and a beta of 1.10. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The firm’s 50-day simple moving average is $65.44 and its two-hundred day simple moving average is $62.71.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. Rubrik’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.15) EPS. 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 anticipate that Rubrik, Inc. will post -1.16 EPS for the current year.

Insider Buying and Selling at Rubrik

In related news, Director John Wendell Thompson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $84.51, for a total value of $211,275.00. Following the completion of the transaction, the director directly owned 15,000 shares of the company’s stock, valued at approximately $1,267,650. This trade represents a 14.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 676 shares of Rubrik stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $75.00, for a total transaction of $50,700.00. Following the completion of the transaction, the director owned 5,359 shares of the company’s stock, valued at $401,925. This represents a 11.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 280,981 shares of company stock valued at $22,053,379. 13.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RBRK shares. Guggenheim reissued a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $91.00 price target on shares of Rubrik in a report on Thursday, June 11th. Oppenheimer upped their price objective on Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Mizuho upped their price objective on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, DA Davidson reissued a “buy” rating and set a $90.00 price objective (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Rubrik Company 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).