RWA Wealth Partners LLC Purchases 11,164 Shares of Rubrik, Inc. $RBRK

RWA Wealth Partners LLC raised its position in Rubrik, Inc. (NYSE:RBRK) by 107.6% during the second quarter, HoldingsChannel.com reports. The firm owned 21,539 shares of the company’s stock after purchasing an additional 11,164 shares during the period. RWA Wealth Partners LLC’s holdings in Rubrik were worth $1,930,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. GGM Financials LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $8,108,000. Northern Trust Corp grew its stake in Rubrik by 23.1% in the first quarter. Northern Trust Corp now owns 236,649 shares of the company’s stock worth $14,431,000 after purchasing an additional 44,373 shares in the last quarter. Bessemer Group Inc. increased its holdings in Rubrik by 17.7% during the 2nd quarter. Bessemer Group Inc. now owns 194,911 shares of the company’s stock worth $17,462,000 after purchasing an additional 29,317 shares during the period. Perpetual Ltd raised its position in Rubrik by 8,282.0% during the 2nd quarter. Perpetual Ltd now owns 587,156 shares of the company’s stock valued at $52,603,000 after purchasing an additional 580,151 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Rubrik by 200.2% in the 1st quarter. Hsbc Holdings PLC now owns 87,358 shares of the company’s stock worth $5,317,000 after buying an additional 58,258 shares during the period. Institutional investors own 49.54% of the company’s stock.

Insiders Place Their Bets

In related news, Director John Wendell Thompson sold 9,009 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $87.83, for a total transaction of $791,260.47. Following the transaction, the director directly owned 998 shares in the company, valued at $87,654.34. The trade was a 90.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $489,711.79. Following the completion of the sale, the chief financial officer owned 516,184 shares of the company’s stock, valued at approximately $38,306,014.64. This trade represents a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 121,966 shares of company stock valued at $9,644,823. Company insiders own 32.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Cantor Fitzgerald restated an “overweight” rating and set a $115.00 price target on shares of Rubrik in a research note on Wednesday, September 10th. CIBC raised their target price on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research report on Thursday, September 11th. Wall Street Zen lowered shares of Rubrik from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Rubrik in a research note on Wednesday, October 8th. Finally, Wedbush reissued an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a research note on Thursday, September 11th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and an average target price of $108.67.

Rubrik Stock Performance

NYSE:RBRK opened at $72.99 on Monday. The company’s 50-day simple moving average is $80.25 and its 200-day simple moving average is $84.50. Rubrik, Inc. has a fifty-two week low of $42.01 and a fifty-two week high of $103.00. The stock has a market capitalization of $14.41 billion, a P/E ratio of -31.19 and a beta of 0.20.

Rubrik (NYSE:RBRK) last posted its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.31. The firm had revenue of $309.86 million for the quarter, compared to analysts’ expectations of $282.25 million. The company’s revenue was up 44.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

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.