Wedmont Private Capital Buys 10,340 Shares of Rubrik, Inc. $RBRK

Wedmont Private Capital boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 181.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,054 shares of the company’s stock after buying an additional 10,340 shares during the period. Wedmont Private Capital’s holdings in Rubrik were worth $1,355,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RBRK. HB Wealth Management LLC purchased a new position in Rubrik during the second quarter worth $822,000. Markowski Investments purchased a new stake in shares of Rubrik in the second quarter valued at $48,000. Odyssean LLC raised its stake in shares of Rubrik by 85.5% in the second quarter. Odyssean LLC now owns 15,782 shares of the company’s stock valued at $1,267,000 after acquiring an additional 7,272 shares during the period. FirstWave Capital Management LLC bought a new stake in shares of Rubrik in the 2nd quarter worth about $2,714,000. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Rubrik by 48.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 11,761 shares of the company’s stock worth $944,000 after purchasing an additional 3,814 shares during the period. 49.54% of the stock is currently owned by institutional investors.

Rubrik Stock Up 0.2%

Shares of NYSE:RBRK opened at $93.85 on Tuesday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $107.91. The stock has a market cap of $19.32 billion, a P/E ratio of -74.48 and a beta of 1.24. The business’s 50 day moving average is $87.14 and its 200 day moving average is $69.08.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned ($0.03) earnings per share. The company’s revenue for the quarter 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, sell-side analysts anticipate that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Analysts Set New Price Targets

RBRK has been the topic of several analyst reports. BMO Capital Markets upped their price target on shares of Rubrik from $98.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Cantor Fitzgerald restated an “overweight” rating and set a $120.00 target price on shares of Rubrik in a research report on Friday, August 28th. Wedbush reaffirmed an “outperform” rating and set a $90.00 target price on shares of Rubrik in a research note on Thursday, June 11th. Guggenheim raised their price target on Rubrik from $110.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Finally, Wells Fargo & Company boosted their price objective on Rubrik from $90.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.15.

Insider Transactions at Rubrik

In other Rubrik news, Director John Thompson sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $89.03, for a total transaction of $979,330.00. Following the transaction, the director owned 8,362 shares of the company’s stock, valued at approximately $744,468.86. This trade represents a 56.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $83.10, for a total transaction of $330,654.90. Following the completion of the sale, the director owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. This represents a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 112,577 shares of company stock valued at $9,376,785 over the last three months. 13.66% of the stock is currently owned by corporate insiders.

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).