Endowment Wealth Management Inc. Sells 3,000 Shares of Rubrik, Inc. $RBRK

Endowment Wealth Management Inc. lessened its stake in Rubrik, Inc. (NYSE:RBRK) by 37.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,000 shares of the company’s stock after selling 3,000 shares during the period. Endowment Wealth Management Inc.’s holdings in Rubrik were worth $448,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RBRK. ST Germain D J Co. Inc. acquired a new position in Rubrik in the second quarter worth about $27,000. Beacon Capital Management LLC acquired a new stake in Rubrik during the 2nd quarter worth $29,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the first quarter worth $30,000. Summit Securities Group LLC bought a new position in shares of Rubrik during the first quarter worth $31,000. Finally, Comerica Bank boosted its position in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. FBN Securities reissued an “outperform” rating on shares of Rubrik in a research report on Wednesday, September 10th. Rosenblatt Securities lifted their price target on shares of Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Cantor Fitzgerald reissued an “overweight” rating and set a $115.00 price target on shares of Rubrik in a research report on Wednesday, September 10th. Finally, Wall Street Zen cut shares of Rubrik from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $108.67.

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 40,170 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the transaction, the chief technology officer directly owned 333,528 shares in the company, valued at $24,751,112.88. The trade was a 10.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Wendell Thompson sold 9,009 shares of the business’s stock in a transaction dated 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 owned 998 shares in the company, valued at $87,654.34. This represents a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,466 shares of company stock valued at $10,083,014 over the last quarter. 32.38% of the stock is currently owned by company insiders.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $82.43 on Monday. The company’s 50-day moving average price is $84.84 and its two-hundred day moving average price is $82.00. Rubrik, Inc. has a one year low of $37.38 and a one year high of $103.00. The stock has a market capitalization of $16.28 billion, a PE ratio of -35.23 and a beta of 0.24.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.31. The business had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. During the same period last year, the firm earned ($0.40) earnings per share. The company’s quarterly revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

About Rubrik

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.