6,830 Shares in Rubrik, Inc. $RBRK Bought by Strategic Blueprint LLC

Key Points

• Strategic Blueprint LLC acquired 6,830 shares of Rubrik, Inc. valued at approximately $612,000 in the second quarter, indicating growing institutional interest in the company.
• Analysts have set various price targets for Rubrik, with CIBC raising its target from $125.00 to $130.00, contributing to an average consensus price target of $108.67.
• Rubrik reported a revenue growth of 44.9% year-over-year for the last quarter, exceeding analyst expectations with a revenue of $309.86 million.

Strategic Blueprint LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,830 shares of the company's stock, valued at approximately $612,000.

Several other hedge funds also recently added to or reduced their stakes in RBRK. ST Germain D J Co. Inc. acquired a new position in Rubrik during the 2nd quarter valued at about $27,000. Beacon Capital Management LLC acquired a new position in Rubrik during the 2nd quarter valued at about $29,000. PNC Financial Services Group Inc. acquired a new position in Rubrik during the 1st quarter valued at about $30,000. Summit Securities Group LLC acquired a new position in Rubrik during the 1st quarter valued at about $31,000. Finally, Comerica Bank increased its position in Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after buying an additional 395 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on RBRK shares. CIBC upped their target price on Rubrik from $125.00 to $130.00 and gave the company an "outperformer" rating in a research report on Thursday, September 11th. Wedbush reaffirmed an "outperform" rating and set a $120.00 target price on shares of Rubrik in a research report on Thursday, September 11th. Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 price objective on shares of Rubrik in a report on Wednesday, September 10th. Weiss Ratings reissued a "sell (d)" rating on shares of Rubrik in a report on Saturday. Finally, KeyCorp increased their price objective on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rubrik has an average rating of "Moderate Buy" and a consensus price target of $108.67.

Rubrik Stock Up 0.2%

Shares of RBRK opened at $77.04 on Friday. Rubrik, Inc. has a 52 week low of $39.11 and a 52 week high of $103.00. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of -32.92 and a beta of 0.24. The stock's 50-day moving average price is $82.93 and its 200-day moving average price is $83.31.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million during the quarter, compared to analysts' expectations of $282.25 million. During the same quarter in the previous year, the company earned ($0.40) EPS. The firm's quarterly revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. As a group, equities analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $79.78, for a total value of $279,230.00. Following the sale, the chief financial officer owned 512,051 shares in the company, valued at $40,851,428.78. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian K. Mccarthy sold 10,000 shares of the company's stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $83.03, for a total value of $830,300.00. Following the completion of the sale, the insider owned 359,319 shares in the company, valued at $29,834,256.57. The trade was a 2.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,466 shares of company stock worth $10,898,894 over the last ninety days. 32.38% of the stock is owned by corporate insiders.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.

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