MBL Wealth LLC Acquires 5,098 Shares of Rubrik, Inc. $RBRK

MBL Wealth LLC bought a new stake in Rubrik, Inc. (NYSE:RBRK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,098 shares of the company’s stock, valued at approximately $584,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RBRK. V Square Quantitative Management LLC acquired a new position in shares of Rubrik during the 3rd quarter worth $27,000. CoreCap Advisors LLC increased its holdings in shares of Rubrik by 268.2% in the 3rd quarter. CoreCap Advisors LLC now owns 545 shares of the company’s stock valued at $62,000 after purchasing an additional 397 shares in the last quarter. Essential Partners LLC lifted its stake in shares of Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares during the period. Markowski Investments acquired a new stake in shares of Rubrik in the second quarter valued at about $48,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of Rubrik in the third quarter valued at about $98,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $124.14, for a total value of $1,591,474.80. Following the sale, the chief technology officer directly owned 272,538 shares in the company, valued at $33,832,867.32. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 that occurred on Monday, October 5th. The stock was sold at an average price of $119.00, for a total transaction of $85,799.00. Following the transaction, the director directly owned 2,988 shares of the company’s stock, valued at approximately $355,572. This trade represents a 19.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 139,583 shares of company stock worth $13,515,814 over the last ninety days. 13.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RBRK shares. BTIG Research boosted their price objective on shares of Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $120.00 target price on shares of Rubrik in a report on Friday, August 28th. Guggenheim lifted their price target on shares of Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Oppenheimer set a $120.00 price target on Rubrik in a research note on Thursday, August 20th. Finally, Wells Fargo & Company raised their price objective on Rubrik from $90.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.56.

Rubrik Stock Up 7.0%

Rubrik stock opened at $129.18 on Friday. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $130.84. The firm’s 50-day simple moving average is $107.10 and its 200 day simple moving average is $83.35. The firm has a market capitalization of $26.78 billion, a PE ratio of -102.52 and a beta of 1.12.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. Rubrik’s revenue was up 43.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, research analysts expect that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.