Partners Wealth Management LLC Buys 5,309 Shares of Rubrik, Inc. $RBRK

Partners Wealth Management LLC purchased a new stake in Rubrik, Inc. (NYSE:RBRK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,309 shares of the company’s stock, valued at approximately $608,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Soltis Investment Advisors LLC boosted its holdings in Rubrik by 32.6% during the third quarter. Soltis Investment Advisors LLC now owns 4,502 shares of the company’s stock worth $515,000 after buying an additional 1,106 shares during the last quarter. Motley Fool Asset Management LLC grew its position in shares of Rubrik by 8.3% during the 3rd quarter. Motley Fool Asset Management LLC now owns 3,218 shares of the company’s stock worth $368,000 after buying an additional 246 shares during the period. North Dakota State Investment Board grew its position in shares of Rubrik by 11.7% during the 3rd quarter. North Dakota State Investment Board now owns 4,747 shares of the company’s stock worth $543,000 after buying an additional 496 shares during the period. VestGen Advisors LLC grew its position in shares of Rubrik by 40.3% during the 3rd quarter. VestGen Advisors LLC now owns 5,731 shares of the company’s stock worth $656,000 after buying an additional 1,645 shares during the period. Finally, Moody Aldrich Partners LLC bought a new stake in shares of Rubrik in the 3rd quarter valued at about $324,000. Institutional investors own 49.54% of the company’s stock.

Insider Activity

In other news, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $119.00, for a total value of $85,799.00. Following the completion of the transaction, the director owned 2,988 shares of the company’s stock, valued at $355,572. This trade represents a 19.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $107.32, for a total transaction of $643,920.00. Following the transaction, the chief financial officer owned 958,078 shares in the company, valued at $102,820,930.96. This represents a 0.62% 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 three months, insiders sold 139,583 shares of company stock valued at $13,515,814. 13.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RBRK has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. Yorkville Ives began coverage on shares of Rubrik in a research note on Tuesday, October 6th. They set an “outperform” rating and a $145.00 price objective on the stock. Stephens restated an “overweight” rating on shares of Rubrik in a report on Friday, August 28th. Guggenheim boosted their price target on shares of Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. Finally, Truist Financial increased their price target on Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and an average target price of $118.04.

Rubrik Stock Down 7.4%

NYSE:RBRK opened at $123.78 on Friday. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $139.92. The firm has a market capitalization of $25.66 billion, a price-to-earnings ratio of -98.24 and a beta of 1.12. The stock’s 50 day moving average price is $110.48 and its two-hundred day moving average price is $76.77.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. During the same period in the previous year, the company posted ($0.03) EPS. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, analysts anticipate that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.