Cresset Asset Management LLC Makes New Investment in Rubrik, Inc. $RBRK

Key Points

• Cresset Asset Management has acquired a new stake in Rubrik, Inc. for approximately $222,000, showing increasing institutional interest in the company.
• Fifteen analysts have rated Rubrik with a Buy rating, with the average consensus price target set at $100.38, indicating positive sentiment towards the stock.
• Rubrik's recent earnings report showed a 48.7% increase in revenue year-over-year, beating analyst expectations and showcasing the company's growth potential.

Cresset Asset Management LLC acquired a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,641 shares of the company's stock, valued at approximately $222,000.

Several other institutional investors have also modified their holdings of RBRK. PNC Financial Services Group Inc. purchased a new position in Rubrik in the first quarter valued at $30,000. Point72 Hong Kong Ltd acquired a new position in shares of Rubrik during the 4th quarter worth about $47,000. Quarry LP purchased a new position in shares of Rubrik in the 4th quarter valued at about $48,000. CoreCap Advisors LLC acquired a new stake in shares of Rubrik during the 4th quarter worth about $59,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Rubrik during the 4th quarter worth about $62,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Roth Capital upped their price target on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a report on Friday, June 6th. UBS Group restated a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Mizuho downgraded shares of Rubrik from an "outperform" rating to a "neutral" rating and increased their target price for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price target (up from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Finally, Robert W. Baird upped their price objective on shares of Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $100.38.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $85.27 on Wednesday. Rubrik, Inc. has a 1-year low of $29.18 and a 1-year high of $103.00. The stock has a market cap of $16.50 billion, a P/E ratio of -30.13 and a beta of 0.45. The firm has a fifty day moving average price of $87.72 and a 200 day moving average price of $78.27.

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 business had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. During the same quarter in the prior year, the firm posted ($1.58) earnings per share. The company'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. Sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Activity at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,500 shares of Rubrik stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $82.93, for a total value of $290,255.00. Following the transaction, the chief financial officer directly owned 517,095 shares in the company, valued at approximately $42,882,688.35. This trade represents a 0.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Brian K. Mccarthy sold 12,500 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $87.29, for a total value of $1,091,125.00. Following the sale, the executive owned 418,552 shares of the company's stock, valued at $36,535,404.08. This trade represents a 2.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,045,047 shares of company stock worth $95,920,989 in the last ninety days. Company insiders own 32.38% of the company's stock.

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.

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