17,810 Shares of Rubrik, Inc. $RBRK Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP bought a new stake in Rubrik, Inc. (NYSE:RBRK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,810 shares of the company’s stock, valued at approximately $2,044,000.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Rubrik in the 3rd quarter valued at approximately $43,480,000. Brighton Jones LLC boosted its position in shares of Rubrik by 2.2% during the 3rd quarter. Brighton Jones LLC now owns 29,152 shares of the company’s stock valued at $3,337,000 after acquiring an additional 639 shares in the last quarter. Ethic Inc. bought a new stake in shares of Rubrik in the 3rd quarter valued at approximately $378,000. Kornitzer Capital Management Inc. KS acquired a new position in Rubrik during the third quarter worth $1,374,000. Finally, United Advisor Group LLC bought a new position in Rubrik during the 3rd quarter valued at about $247,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $118.08, for a total transaction of $1,513,785.60. Following the transaction, the chief technology officer owned 272,538 shares in the company, valued at approximately $32,181,287.04. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $116.61, for a total value of $84,075.81. Following the transaction, the director owned 2,988 shares in the company, valued at approximately $348,430.68. This trade represents a 19.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 139,583 shares of company stock valued at $15,125,212 over the last three months. Company insiders own 13.66% of the company’s stock.

Rubrik Stock Performance

Shares of RBRK stock opened at $109.53 on Wednesday. The firm’s 50 day moving average price is $112.50 and its two-hundred day moving average price is $78.33. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $139.92. The stock has a market cap of $22.71 billion, a PE ratio of -86.93 and a beta of 1.08.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. The business’s revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. 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, sell-side analysts predict that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on Rubrik from $130.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Oppenheimer set a $120.00 price objective on Rubrik in a report on Thursday, August 20th. Scotiabank reiterated an “outperform” rating on shares of Rubrik in a research report on Tuesday, August 25th. Yorkville Ives assumed coverage on Rubrik in a research report on Tuesday, October 6th. They set an “outperform” rating and a $145.00 target price for the company. Finally, Guggenheim boosted their target price on Rubrik from $110.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Thirty research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.04.

Rubrik Profile

Rubrik, Inc. is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents. The company’s Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.