12,059 Shares in Rubrik, Inc. $RBRK Bought by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC bought a new position in Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,059 shares of the company’s stock, valued at approximately $922,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after buying an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares in the last quarter. CI Investments Inc. lifted its position in Rubrik by 31.7% during the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after buying an additional 207 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Rubrik by 24.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after buying an additional 224 shares in the last quarter. Finally, Creative Planning lifted its position in Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after buying an additional 236 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Trading Up 3.3%

Shares of RBRK stock opened at $66.42 on Thursday. The stock has a market cap of $13.44 billion, a P/E ratio of -37.53 and a beta of 0.63. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $103.00. The stock has a 50 day simple moving average of $53.70 and a 200 day simple moving average of $62.56.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to the consensus estimate of $342.43 million. Rubrik’s revenue was up 46.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts forecast that Rubrik, Inc. will post -1.41 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on RBRK. Wells Fargo & Company cut their price target on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Wedbush cut their price target on shares of Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. Piper Sandler reissued an “overweight” rating and set a $84.00 price target (down from $99.00) on shares of Rubrik in a research report on Friday, March 13th. Jefferies Financial Group began coverage on shares of Rubrik in a research report on Monday, April 27th. They set a “buy” rating and a $65.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.84.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction on Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the completion of the transaction, the director directly owned 4,653 shares of the company’s stock, valued at $258,148.44. The trade was a 70.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark D. Mclaughlin acquired 10,638 shares of Rubrik stock in a transaction on Monday, March 30th. The shares were purchased at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the purchase, the director directly owned 13,639 shares of the company’s stock, valued at approximately $643,897.19. This represents a 354.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 183,113 shares of company stock valued at $9,076,797 in the last three months. Corporate insiders own 13.66% of the company’s stock.

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).