SG Americas Securities LLC Buys 71,464 Shares of Rubrik, Inc. $RBRK

SG Americas Securities LLC grew its stake in Rubrik, Inc. (NYSE:RBRK) by 544.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,589 shares of the company’s stock after purchasing an additional 71,464 shares during the period. SG Americas Securities LLC’s holdings in Rubrik were worth $6,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bogart Wealth LLC raised its holdings in Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after buying an additional 243 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Rubrik by 1,360.0% during the third 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 period. Financial Life Planners purchased a new position in Rubrik during the third quarter worth $31,000. Guerra Advisors Inc bought a new position in Rubrik during the third quarter valued at $33,000. Finally, Banque Cantonale Vaudoise bought a new position in Rubrik during the third quarter valued at $34,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RBRK. Cantor Fitzgerald lowered their target price on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, March 9th. Roth Mkm reiterated a “buy” rating on shares of Rubrik in a report on Friday, December 5th. DA Davidson set a $70.00 price objective on shares of Rubrik in a research report on Friday, March 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $110.00 target price on shares of Rubrik in a research report on Monday, March 16th. Finally, Truist Financial cut their target price on Rubrik from $110.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.10.

Insider Transactions at Rubrik

In related news, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $53.62, for a total value of $589,820.00. Following the completion of the sale, the director directly owned 4,653 shares of the company’s stock, valued at $249,493.86. This represents a 70.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 4,648 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $70.40, for a total transaction of $327,219.20. Following the transaction, the chief technology officer owned 337,010 shares in the company, valued at approximately $23,725,504. The trade was a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 222,306 shares of company stock valued at $12,189,518. Insiders own 32.38% of the company’s stock.

Rubrik Stock Up 7.4%

RBRK opened at $48.96 on Wednesday. The stock’s fifty day moving average is $54.02 and its two-hundred day moving average is $68.39. The company has a market capitalization of $9.90 billion, a P/E ratio of -27.66 and a beta of 0.45. Rubrik, Inc. has a 52 week low of $44.75 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. Rubrik’s quarterly revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities analysts anticipate that Rubrik, Inc. will post -7.66 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).