Corient Private Wealth LLC Makes New $5.90 Million Investment in Rubrik, Inc. $RBRK

Key Points

• Corient Private Wealth LLC disclosed a new position in Rubrik, buying 77,098 shares worth about $5.9 million in the fourth quarter.
• Rubrik continues to draw major institutional interest, with firms like Vanguard, First Trust, and Norges Bank also increasing or starting positions. Institutional investors now own 49.54% of the company.
• Analysts remain largely bullish after Rubrik’s latest earnings beat, with several firms raising price targets to $90 and the consensus rating sitting at Moderate Buy with an average target of $93.

Corient Private Wealth LLC acquired a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 77,098 shares of the company's stock, valued at approximately $5,896,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company's stock valued at $1,123,836,000 after acquiring an additional 1,678,255 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock valued at $540,259,000 after purchasing an additional 2,116,272 shares in the last quarter. Norges Bank purchased a new position in Rubrik during the fourth quarter worth about $345,907,000. Geode Capital Management LLC boosted its holdings in Rubrik by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company's stock worth $193,433,000 after purchasing an additional 178,714 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Rubrik by 0.5% in the 4th quarter. Federated Hermes Inc. now owns 2,449,646 shares of the company's stock worth $187,349,000 after purchasing an additional 11,878 shares in the last quarter. Institutional investors own 49.54% of the company's stock.

Wall Street Analyst Weigh In

RBRK has been the subject of several analyst reports. Truist Financial reiterated a "buy" rating and issued a $90.00 price objective (up from $80.00) on shares of Rubrik in a research note on Friday, June 5th. Barclays boosted their price objective on Rubrik from $70.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, June 5th. Guggenheim restated a "buy" rating on shares of Rubrik in a research note on Friday, June 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rubrik in a research report on Friday, March 27th. Finally, Mizuho lifted their target price on Rubrik from $80.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Rubrik has an average rating of "Moderate Buy" and an average target price of $93.00.

Insider Transactions at Rubrik

In related news, Director John Wendell Thompson sold 2,500 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.51, for a total value of $211,275.00. Following the sale, the director directly owned 15,000 shares in the company, valued at approximately $1,267,650. The trade was a 14.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the company's stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the sale, the chief financial officer directly owned 549,901 shares in the company, valued at approximately $28,424,382.69. This trade represents a 3.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 277,002 shares of company stock worth $21,768,921. Insiders own 13.66% of the company's stock.

Rubrik Trading Down 4.6%

Rubrik stock opened at $71.09 on Friday. The business's 50 day simple moving average is $65.02 and its 200 day simple moving average is $62.64. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75. The company has a market cap of $14.63 billion, a price-to-earnings ratio of -49.03 and a beta of 1.10.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analysts' expectations of $366.31 million. During the same period in the prior year, the business earned ($0.15) earnings per share. The business's quarterly revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, equities research analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

About Rubrik

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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