RWA Wealth Partners LLC Buys New Stake in Rubrik, Inc. $RBRK

RWA Wealth Partners LLC bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,375 shares of the company’s stock, valued at approximately $633,000.

Several other institutional investors also recently bought and sold shares of the stock. Cliffwater LLC bought a new stake in Rubrik in the 1st quarter worth approximately $194,000. Northern Trust Corp increased its stake in Rubrik by 23.1% in the 1st quarter. Northern Trust Corp now owns 236,649 shares of the company’s stock worth $14,431,000 after acquiring an additional 44,373 shares during the last quarter. Summit Securities Group LLC bought a new stake in Rubrik in the 1st quarter worth approximately $31,000. Penn Mutual Asset Management bought a new stake in Rubrik in the 1st quarter worth approximately $2,593,000. Finally, CacheTech Inc. bought a new stake in Rubrik in the 1st quarter worth approximately $215,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Up 1.4%

RBRK stock opened at $85.13 on Thursday. Rubrik, Inc. has a twelve month low of $29.18 and a twelve month high of $103.00. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of -30.08 and a beta of 0.45. The firm’s fifty day simple moving average is $87.98 and its two-hundred day simple moving average is $77.89.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. During the same quarter last year, the firm earned ($1.58) EPS. The company’s revenue was up 48.7% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -1.020–0.960 EPS. Q2 2026 guidance at -0.350–0.330 EPS. As a group, equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on RBRK shares. Rosenblatt Securities lifted their price objective on Rubrik from $82.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. Wall Street Zen upgraded Rubrik from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $110.00 price target (up previously from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Roth Capital lifted their price target on Rubrik from $97.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Finally, CIBC lifted their price target on Rubrik from $110.00 to $125.00 and gave the stock an “outperformer” rating in a research report on Monday, June 9th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.38.

Insider Activity

In related news, CFO Kiran Kumar Choudary sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $88.37, for a total transaction of $309,295.00. Following the completion of the sale, the chief financial officer directly owned 518,595 shares of the company’s stock, valued at approximately $45,828,240.15. This trade represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $87.29, for a total value of $786,395.61. Following the sale, the director directly owned 998 shares of the company’s stock, valued at $87,115.42. This represents a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,045,047 shares of company stock worth $95,962,744 in the last three months. Corporate insiders own 32.38% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.