Wealth Enhancement Advisory Services LLC Reduces Holdings in Rubrik, Inc. $RBRK

Wealth Enhancement Advisory Services LLC cut its position in shares of Rubrik, Inc. (NYSE:RBRK) by 40.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,659 shares of the company’s stock after selling 17,609 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Rubrik were worth $2,040,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Rubrik by 73.1% in the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after buying an additional 5,077,513 shares during the period. Norges Bank bought a new position in shares of Rubrik in the 2nd quarter worth $219,132,000. First Trust Advisors LP raised its holdings in Rubrik by 44.8% in the second quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock worth $399,814,000 after purchasing an additional 1,380,941 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Rubrik by 388.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock worth $139,309,000 after acquiring an additional 1,237,014 shares in the last quarter. Finally, State Street Corp increased its position in shares of Rubrik by 139.7% during the second quarter. State Street Corp now owns 1,771,475 shares of the company’s stock worth $158,706,000 after purchasing an additional 1,032,497 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RBRK. Guggenheim set a $110.00 price target on Rubrik in a research note on Friday, December 5th. Roth Mkm reaffirmed a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. BMO Capital Markets dropped their price objective on shares of Rubrik from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Twenty-one investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.18.

Rubrik Stock Performance

NYSE:RBRK opened at $55.93 on Friday. The stock has a market capitalization of $11.19 billion, a PE ratio of -28.68 and a beta of 0.27. Rubrik, Inc. has a fifty-two week low of $47.35 and a fifty-two week high of $103.00. The company has a fifty day moving average of $73.22 and a two-hundred day moving average of $78.95.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $350.17 million for the quarter, compared to analysts’ expectations of $320.19 million. The firm’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.21) EPS. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $67.66, for a total value of $1,353,200.00. Following the transaction, the chief financial officer owned 489,959 shares in the company, valued at $33,150,625.94. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ravi Mhatre sold 101,659 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $81.82, for a total value of $8,317,739.38. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 249,396 shares of company stock valued at $19,381,819. 32.38% of the stock is 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).