Annex Advisory Services LLC Takes Position in Rubrik, Inc. $RBRK

Key Points

• Annex Advisory Services LLC acquired a new position of 485,699 shares in Rubrik (NYSE:RBRK) in Q4, worth about $37.1 million and representing roughly 0.24% of the company.
• Rubrik beat quarterly expectations with $0.04 EPS (vs. -$0.11 est.) and $377.7M revenue (vs. $342.4M est.), up 46.3% year-over-year, while giving Q1 and FY2027 EPS guidance of -0.040–-0.020 and 0.070–0.270, respectively.
• Analysts have trimmed price targets (recently to the $64–$90 range), but consensus remains a Moderate Buy with an average target of $89.10; institutional ownership is ~49.5% and insiders hold ~32.4% with recent mixed insider trades.

Annex Advisory Services LLC acquired a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 485,699 shares of the company's stock, valued at approximately $37,146,000. Annex Advisory Services LLC owned about 0.24% of Rubrik at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Rubrik by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company's stock valued at $1,070,586,000 after purchasing an additional 993,634 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Rubrik by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 4,947,785 shares of the company's stock worth $406,955,000 after acquiring an additional 485,080 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Rubrik by 18.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company's stock worth $293,552,000 after acquiring an additional 543,855 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Rubrik by 101.8% during the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company's stock worth $200,506,000 after acquiring an additional 1,229,476 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Rubrik by 7.0% during the 2nd quarter. Bank of America Corp DE now owns 2,073,044 shares of the company's stock worth $185,724,000 after acquiring an additional 136,262 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 4,648 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $70.40, for a total transaction of $327,219.20. Following the transaction, the chief technology officer directly owned 337,010 shares in the company, valued at $23,725,504. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark D. Mclaughlin purchased 10,638 shares of the business's stock in a transaction dated Monday, March 30th. The stock was bought at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the acquisition, the director directly owned 13,639 shares in the company, valued at approximately $643,897.19. This trade represents a 354.48% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 227,761 shares of company stock valued at $11,838,001. Company insiders own 32.38% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RBRK shares. Truist Financial decreased their price target on Rubrik from $110.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. The Goldman Sachs Group decreased their price target on Rubrik from $120.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, February 9th. Wedbush decreased their price target on Rubrik from $120.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, March 13th. BTIG Research started coverage on Rubrik in a research note on Friday, March 20th. They set a "buy" rating and a $64.00 price target for the company. Finally, BMO Capital Markets decreased their price target on Rubrik from $105.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rubrik has a consensus rating of "Moderate Buy" and an average target price of $89.10.

Rubrik Stock Down 1.2%

RBRK opened at $48.03 on Wednesday. The stock's fifty day moving average is $51.70 and its two-hundred day moving average is $66.31. The company has a market capitalization of $9.72 billion, a P/E ratio of -27.14 and a beta of 0.63. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million for the quarter, compared to analysts' expectations of $342.43 million. The company's revenue for the quarter was up 46.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Rubrik Profile

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).

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