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

NewEdge Wealth LLC bought a new stake in Rubrik, Inc. (NYSE:RBRK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,946 shares of the company’s stock, valued at approximately $634,000.

A number of other large investors also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its stake in Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after buying an additional 1,696,342 shares during the period. Norges Bank acquired a new stake in Rubrik during the 4th quarter worth approximately $345,907,000. Legal & General Group Plc boosted its position in Rubrik by 8.6% in the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after buying an additional 151,234 shares during the period. Stephens Investment Management Group LLC boosted its position in Rubrik by 47.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock valued at $45,571,000 after buying an additional 191,738 shares during the period. Finally, Washington University acquired a new position in shares of Rubrik in the fourth quarter worth $3,861,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Trading Down 4.3%

Shares of RBRK opened at $71.61 on Wednesday. The firm has a market capitalization of $14.74 billion, a price-to-earnings ratio of -49.39 and a beta of 1.10. The firm’s fifty day simple moving average is $75.56 and its 200-day simple moving average is $62.72. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $99.75.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. The firm’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $55.48, for a total transaction of $610,280.00. Following the sale, the director owned 4,653 shares of the company’s stock, valued at approximately $258,148.44. This trade represents a 70.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71. Following the sale, the director owned 113,477 shares of the company’s stock, valued at $8,112,470.73. This represents a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 291,321 shares of company stock valued at $24,074,426. 13.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Oppenheimer lifted their target price on Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Scotiabank restated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. BTIG Research reiterated a “buy” rating and issued a $91.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Finally, Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of Rubrik in a research report on Thursday, June 11th. Twenty-eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average target price of $93.96.

About Rubrik

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).