Rubrik, Inc. $RBRK Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its holdings in Rubrik, Inc. (NYSE:RBRK) by 30.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,895,715 shares of the company’s stock after selling 2,168,342 shares during the period. First Trust Advisors LP’s holdings in Rubrik were worth $239,743,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RBRK. Comerica Bank boosted its holdings in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Rubrik by 231.3% in the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after buying an additional 20,471 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after acquiring an additional 300 shares during the period. Goldman Sachs Group Inc. grew its holdings in Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after acquiring an additional 236,181 shares during the period. Finally, Rhumbline Advisers raised its position in Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Trading Down 2.4%

NYSE RBRK opened at $73.94 on Thursday. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of -51.00 and a beta of 1.10. The stock has a 50-day moving average of $74.83 and a 200 day moving average of $62.78. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $99.75.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was up 39.0% on a year-over-year basis. During the same period in the previous year, the business posted ($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. Equities analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Insider Activity at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total transaction of $909,150.00. Following the completion of the transaction, the director directly owned 8,362 shares in the company, valued at approximately $691,119.30. This represents a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $81.57, for a total transaction of $58,811.97. Following the transaction, the director directly owned 4,638 shares in the company, valued at approximately $378,321.66. The trade was 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. Insiders sold a total of 291,321 shares of company stock worth $24,074,426 over the last 90 days. 13.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating on shares of Rubrik in a report on Friday, June 26th. Robert W. Baird raised their price objective on shares of Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Oppenheimer lifted their target price on shares of Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Finally, Stephens reissued an “overweight” rating and set a $90.00 price target on shares of Rubrik in a report on Monday, June 15th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.96.

Rubrik Profile

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).