Aspiriant LLC Makes New Investment in Rubrik, Inc. $RBRK

Key Points

• Aspiriant LLC has acquired a new stake in Rubrik, Inc., purchasing 4,588 shares valued at approximately $411,000.
• Rubrik reported strong quarterly earnings, with revenue of $309.86 million, significantly exceeding analysts' expectations and showing a year-over-year growth of 44.9%.
• Insider trading activity includes CFO Kiran Kumar Choudary selling 3,500 shares for $279,230, which indicates a 0.68% decrease in ownership.

Aspiriant LLC purchased a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,588 shares of the company's stock, valued at approximately $411,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in Rubrik in the second quarter valued at approximately $27,000. Beacon Capital Management LLC purchased a new stake in shares of Rubrik during the 2nd quarter valued at $29,000. PNC Financial Services Group Inc. purchased a new stake in shares of Rubrik during the 1st quarter valued at $30,000. Summit Securities Group LLC bought a new stake in shares of Rubrik during the 1st quarter worth $31,000. Finally, Comerica Bank grew its position in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after acquiring an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insiders Place Their Bets

In other news, CFO Kiran Kumar Choudary sold 3,500 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $79.78, for a total transaction of $279,230.00. Following the transaction, the chief financial officer directly owned 512,051 shares of the company's stock, valued at approximately $40,851,428.78. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian K. Mccarthy sold 10,000 shares of the company's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $83.03, for a total value of $830,300.00. Following the transaction, the insider owned 359,319 shares of the company's stock, valued at approximately $29,834,256.57. This represents a 2.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,966 shares of company stock valued at $11,192,544 over the last three months. Company insiders own 32.38% of the company's stock.

Rubrik Stock Performance

NYSE:RBRK opened at $77.18 on Friday. Rubrik, Inc. has a fifty-two week low of $37.38 and a fifty-two week high of $103.00. The firm has a market cap of $15.24 billion, a PE ratio of -32.98 and a beta of 0.24. The business has a 50 day moving average price of $83.79 and a 200-day moving average price of $82.46.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Rosenblatt Securities raised their price target on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Weiss Ratings reissued a "sell (d)" rating on shares of Rubrik in a report on Wednesday, October 8th. Wedbush restated an "outperform" rating and issued a $120.00 target price on shares of Rubrik in a research report on Thursday, September 11th. Cantor Fitzgerald reiterated an "overweight" rating and set a $115.00 price target on shares of Rubrik in a research report on Wednesday, September 10th. Finally, Wall Street Zen lowered shares of Rubrik from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $108.67.

Rubrik 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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