Gradient Investments LLC Raises Stock Holdings in Rubrik, Inc. $RBRK

Gradient Investments LLC boosted its holdings in Rubrik, Inc. (NYSE:RBRK) by 34.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,652 shares of the company’s stock after purchasing an additional 6,567 shares during the quarter. Gradient Investments LLC’s holdings in Rubrik were worth $2,059,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in RBRK. NewEdge Advisors LLC lifted its holdings in shares of Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after purchasing an additional 150 shares during the period. Atlantic Union Bankshares Corp boosted its stake in shares of Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Creative Planning boosted its stake in shares of Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after buying an additional 236 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Rubrik by 9.2% during the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock worth $255,000 after acquiring an additional 282 shares during the period. Finally, Essential Partners LLC grew its holdings in Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after acquiring an additional 284 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Performance

RBRK stock opened at $90.02 on Monday. The stock’s 50 day moving average price is $77.24 and its 200 day moving average price is $63.26. The firm has a market cap of $18.53 billion, a P/E ratio of -62.08 and a beta of 1.17. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the previous year, the business posted ($0.15) EPS. The business’s quarterly revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, research analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. KeyCorp raised their price objective on shares of Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. UBS Group restated a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Citigroup upped their target price on shares of Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $91.00 target price (up from $84.00) on shares of Rubrik in a report on Friday, June 5th. Twenty-nine investment 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.20.

Insider Buying and Selling

In related news, Director John Wendell Thompson sold 2,500 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $74.11, for a total value of $185,275.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $741,100. The trade was a 20.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 company’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 transaction, the director owned 125,351 shares in the company, valued at approximately $10,416,668.10. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 317,682 shares of company stock worth $26,402,176 in the last ninety days. 13.66% of the stock is currently owned by insiders.

About Rubrik

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).