10,069 Shares in Rubrik, Inc. $RBRK Bought by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners acquired 10,069 Rubrik shares worth approximately $1.15 million in the third quarter, while institutional investors collectively own 49.54% of the company.
• Wall Street remains broadly bullish: 28 analysts rate Rubrik a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $114.42.
• Rubrik reported stronger-than-expected quarterly results, with EPS of $0.20 versus $0.04 expected and revenue of $427.26 million, up 43.9% year over year; the stock recently traded at $115.94.

Curated Wealth Partners LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,069 shares of the company's stock, valued at approximately $1,153,000.

A number of other institutional investors have also recently bought and sold shares of RBRK. Krilogy Financial LLC grew its holdings in shares of Rubrik by 2.7% in the 3rd quarter. Krilogy Financial LLC now owns 17,804 shares of the company's stock valued at $2,137,000 after buying an additional 471 shares during the period. NorthCrest Asset Manangement LLC raised its stake in Rubrik by 14.7% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,241 shares of the company's stock worth $1,601,000 after buying an additional 1,697 shares during the period. Avior Wealth Management LLC raised its stake in Rubrik by 29.9% during the 3rd quarter. Avior Wealth Management LLC now owns 6,027 shares of the company's stock worth $690,000 after buying an additional 1,387 shares during the period. GK Wealth Management LLC acquired a new stake in Rubrik during the 3rd quarter worth $172,000. Finally, Riversedge Advisors LLC lifted its holdings in Rubrik by 12.8% during the third quarter. Riversedge Advisors LLC now owns 4,693 shares of the company's stock worth $537,000 after acquiring an additional 534 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RBRK shares. Wedbush assumed coverage on Rubrik in a report on Friday, September 11th. They set an "outperform" rating and a $120.00 price objective on the stock. Barclays increased their target price on Rubrik from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, August 28th. Piper Sandler raised their target price on shares of Rubrik from $91.00 to $114.00 and gave the stock an "overweight" rating in a report on Friday, August 28th. Loop Capital began coverage on shares of Rubrik in a report on Monday, August 3rd. They set a "buy" rating and a $100.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Rubrik from $90.00 to $120.00 and gave the company an "overweight" rating in a research note on Tuesday, August 25th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.42.

Insiders Place Their Bets

In other news, Director John Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $74.10, for a total value of $815,100.00. Following the sale, the director directly owned 8,362 shares in the company, valued at $619,624.20. This trade represents a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the business's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $26,516,620.13. This represents a 4.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 139,583 shares of company stock valued at $13,515,814 in the last quarter. 13.66% of the stock is currently owned by insiders.

Rubrik Trading Up 1.8%

Shares of RBRK stock traded up $2.04 on Thursday, hitting $115.94. 1,366,071 shares of the stock were exchanged, compared to its average volume of 3,658,375. The firm has a market capitalization of $24.04 billion, a P/E ratio of -91.94 and a beta of 1.12. The business has a 50-day moving average of $103.99 and a 200 day moving average of $80.15. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $127.90.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The firm's quarterly revenue was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, research analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

About Rubrik

Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.

The company's primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.

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