33,807 Shares in Rubrik, Inc. $RBRK Purchased by FirstWave Capital Management LLC

FirstWave Capital Management LLC purchased a new stake in Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,807 shares of the company’s stock, valued at approximately $2,714,000. Rubrik makes up about 1.2% of FirstWave Capital Management LLC’s portfolio, making the stock its 25th largest holding.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Rubrik in the fourth quarter worth approximately $345,907,000. First Trust Advisors LP lifted its position in Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. AQR Capital Management LLC purchased a new position in Rubrik in the 3rd quarter worth approximately $97,828,000. Finally, SG Americas Securities LLC grew its stake in Rubrik by 1,284.7% in the 1st quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company’s stock worth $57,358,000 after buying an additional 1,086,697 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Trading Up 1.9%

NYSE RBRK opened at $93.85 on Friday. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $107.91. The stock has a 50-day moving average of $86.79 and a 200-day moving average of $68.70. The firm has a market cap of $19.32 billion, a PE ratio of -74.48 and a beta of 1.24.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. Rubrik’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. 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, equities research analysts forecast that Rubrik, Inc. will post -1.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Jefferies Financial Group set a $90.00 price target on Rubrik in a research note on Friday, June 5th. Robert W. Baird increased their price objective on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Cantor Fitzgerald reiterated an “overweight” rating and set a $120.00 price objective on shares of Rubrik in a research report on Friday, August 28th. Finally, Rosenblatt Securities raised their price objective on Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.15.

Insider Activity

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares in the company, valued at $24,551,557.03. This represents a 4.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $83.10, for a total transaction of $330,654.90. Following the sale, the director directly owned 125,351 shares of the company’s stock, valued at $10,416,668.10. The trade was a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 112,577 shares of company stock valued at $9,376,785. Corporate insiders own 13.66% of the company’s stock.

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).