3,573 Shares in Rubrik, Inc. $RBRK Purchased by Adams Wealth Management

Key Points

• Adams Wealth Management acquired 3,573 shares of Rubrik, Inc. for approximately $215,000 during the 1st quarter, increasing its exposure to the company's stock.
• Rubrik reported a revenue increase of 48.7% year-over-year for the latest quarter, achieving earnings per share of ($0.15), which surpassed analysts' expectations.
• Equities analysts have issued a consensus rating of "Moderate Buy" for Rubrik, with an average target price of $100.38, indicating a generally positive outlook on the stock.

Adams Wealth Management bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,573 shares of the company's stock, valued at approximately $215,000.

A number of other hedge funds also recently modified their holdings of the stock. Cresset Asset Management LLC acquired a new stake in shares of Rubrik in the 1st quarter valued at $222,000. Legal Advantage Investments Inc. acquired a new stake in Rubrik in the first quarter valued at about $250,000. Neuberger Berman Group LLC bought a new position in Rubrik in the first quarter valued at about $2,839,000. Caitong International Asset Management Co. Ltd raised its stake in Rubrik by 28.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,912 shares of the company's stock worth $361,000 after acquiring an additional 1,307 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Rubrik by 10,218.4% in the first quarter. Russell Investments Group Ltd. now owns 43,750 shares of the company's stock worth $2,768,000 after acquiring an additional 43,326 shares during the last quarter. Institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RBRK shares. Wedbush lifted their price target on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Roth Capital upped their price target on shares of Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company raised their price objective on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Truist Financial upped their target price on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, KeyCorp reissued an "overweight" rating and set a $113.00 price target (up from $98.00) on shares of Rubrik in a research note on Friday, June 6th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $100.38.

Insider Activity at Rubrik

In other news, CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $88.37, for a total transaction of $309,295.00. Following the transaction, the chief financial officer owned 518,595 shares of the company's stock, valued at $45,828,240.15. This represents a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Yvonne Wassenaar sold 2,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total value of $176,420.00. Following the completion of the sale, the director directly owned 2,855 shares of the company's stock, valued at $251,839.55. The trade was a 41.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,080,047 shares of company stock worth $99,115,944. Corporate insiders own 32.38% of the company's stock.

Rubrik Stock Up 1.4%

RBRK traded up $1.16 during trading on Wednesday, reaching $85.13. 2,787,967 shares of the stock traded hands, compared to its average volume of 3,005,464. The stock's 50-day moving average is $88.06 and its 200 day moving average is $77.84. Rubrik, Inc. has a 12 month low of $29.18 and a 12 month high of $103.00. The stock has a market capitalization of $16.47 billion, a PE ratio of -30.08 and a beta of 0.45.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. During the same period in the prior year, the firm earned ($1.58) earnings per share. The firm's revenue for the quarter was up 48.7% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. As a group, equities research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

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.