Gibbs Wealth Management Takes Position in Rubrik, Inc. $RBRK

Gibbs Wealth Management bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 11,455 shares of the company’s stock, valued at approximately $561,000.

A number of other institutional investors have also recently made changes to their positions in RBRK. Pictet Asset Management Holding SA increased its position 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 valued at $162,572,000 after purchasing an additional 1,696,342 shares during the period. Norges Bank acquired a new stake in shares of Rubrik during the fourth quarter worth $345,907,000. Legal & General Group Plc increased its position in shares of Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after buying an additional 151,234 shares during the period. Stephens Investment Management Group LLC raised its position in shares of Rubrik by 47.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock worth $45,571,000 after acquiring an additional 191,738 shares in the last quarter. Finally, Washington University bought a new stake in shares of Rubrik during the 4th quarter valued at about $3,861,000. Institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RBRK. Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of Rubrik in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Stephens reissued an “overweight” rating and issued a $90.00 price target on shares of Rubrik in a research report on Monday, June 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research note on Wednesday, June 24th. Finally, DA Davidson reissued a “buy” rating and issued a $90.00 price target (up from $70.00) 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.96.

Rubrik Stock Up 0.7%

Rubrik stock opened at $73.17 on Friday. The firm has a 50 day moving average price of $75.22 and a 200-day moving average price of $62.84. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $99.75. The company has a market capitalization of $15.06 billion, a P/E ratio of -50.46 and a beta of 1.10.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same period last year, the firm posted ($0.15) EPS. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts expect that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Insider Transactions at Rubrik

In related news, Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the sale, the director directly owned 125,351 shares in the company, valued at approximately $10,416,668.10. The trade was a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $81.57, for a total transaction of $58,811.97. Following the sale, the director directly owned 4,638 shares in the company, valued at approximately $378,321.66. This trade represents a 13.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 291,321 shares of company stock valued at $24,074,426. 13.66% of the stock is currently owned by insiders.

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).