Rubrik, Inc. $RBRK Stock Holdings Lifted by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Rubrik, Inc. by 79.3% in Q1, acquiring an additional 44,226 shares and bringing its total ownership to approximately 100,000 shares valued at $6,098,000.
• Investment analysts have shown strong confidence in Rubrik, with multiple firms raising their price targets to $110, reflecting a consensus rating of "Moderate Buy".
• In the last three months, insiders sold over 1 million shares of Rubrik stock, totaling nearly $99.12 million in value, representing 32.38% of the company's ownership by insiders.

Algert Global LLC boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 79.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,000 shares of the company's stock after purchasing an additional 44,226 shares during the period. Algert Global LLC owned approximately 0.05% of Rubrik worth $6,098,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RBRK. Wells Fargo & Company MN increased its position in shares of Rubrik by 21.4% in the fourth quarter. Wells Fargo & Company MN now owns 85,829 shares of the company's stock worth $5,610,000 after acquiring an additional 15,106 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik in the fourth quarter worth $28,000. Cerity Partners LLC acquired a new stake in shares of Rubrik in the fourth quarter worth $209,000. Barclays PLC increased its position in shares of Rubrik by 157.6% in the fourth quarter. Barclays PLC now owns 30,986 shares of the company's stock worth $2,025,000 after acquiring an additional 18,957 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Rubrik in the fourth quarter worth $62,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Insider Activity

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $100.18, for a total transaction of $2,504,500.00. Following the transaction, the executive directly owned 454,584 shares in the company, valued at $45,540,225.12. This represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Enrique T. Salem sold 700,000 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $91.09, for a total transaction of $63,763,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,048,547 shares of company stock worth $96,252,999 over the last ninety days. Insiders own 32.38% of the company's stock.

Rubrik Trading Up 4.0%

NYSE RBRK traded up $3.4380 during trading hours on Friday, reaching $88.6780. 2,206,720 shares of the company traded hands, compared to its average volume of 2,925,768. 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 $17.16 billion, a PE ratio of -31.33 and a beta of 0.45. The company has a 50 day moving average of $87.88 and a two-hundred day moving average of $78.09.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. During the same quarter last year, the company earned ($1.58) earnings per share. The company's revenue 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. On average, equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RBRK. Mizuho lowered shares of Rubrik from an "outperform" rating to a "neutral" rating and increased their price objective for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. Rosenblatt Securities increased their price objective on shares of Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 price target (up from $77.00) on shares of Rubrik in a report on Friday, June 6th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Finally, Wall Street Zen lowered shares of Rubrik from a "buy" rating to a "hold" rating in a report on Friday. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $100.38.

About Rubrik

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.