Smith Group Asset Management LLC Buys Shares of 12,602 Rubrik, Inc. $RBRK

Smith Group Asset Management LLC bought a new stake in Rubrik, Inc. (NYSE:RBRK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,602 shares of the company’s stock, valued at approximately $617,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Rubrik during the 4th quarter worth approximately $345,907,000. First Trust Advisors LP raised its position in Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. Vanguard Group Inc. lifted its stake in Rubrik by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Rubrik in the 3rd quarter valued at $97,828,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several recent analyst reports. Mizuho lifted their price target on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Guggenheim reiterated a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Citigroup lifted their target price on Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Rubrik in a research note on Friday, June 26th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and an average price target of $93.96.

Insider Transactions at Rubrik

In related news, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $81.57, for a total value of $58,811.97. Following the completion of the transaction, the director owned 4,638 shares in the company, valued at $378,321.66. This trade represents a 13.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total transaction of $909,150.00. Following the sale, the director 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. 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. Over the last ninety days, insiders sold 291,321 shares of company stock valued at $24,074,426. Company insiders own 13.66% of the company’s stock.

Rubrik Stock Performance

Shares of RBRK opened at $71.61 on Wednesday. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of -49.39 and a beta of 1.10. The stock has a fifty day moving average of $75.56 and a 200-day moving average of $62.72.

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

Rubrik Company 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).