Financial Perspectives Inc Has $672,000 Stock Position in Rubrik, Inc. $RBRK

Key Points

• Financial Perspectives Inc reduced its stake in Rubrik, Inc. by 33.0%, holding 7,505 shares valued at approximately $672,000 as of its latest SEC filing.
• Rubrik reported a quarterly revenue increase of 44.9% year-over-year, with earnings per share beating consensus estimates at (0.03).
• Analysts have mixed views on Rubrik, with sixteen ratings as "Buy," but Weiss Ratings maintaining a "sell (d)" rating, suggesting different outlooks on the stock's potential.

Financial Perspectives Inc reduced its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 33.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,505 shares of the company's stock after selling 3,700 shares during the period. Financial Perspectives Inc's holdings in Rubrik were worth $672,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RBRK. Rhumbline Advisers raised its holdings in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after buying an additional 2,000 shares during the period. Pursue Wealth Partners LLC acquired a new stake in Rubrik during the 1st quarter worth approximately $2,313,000. Oppenheimer & Co. Inc. acquired a new stake in Rubrik during the 1st quarter worth approximately $225,000. Bessemer Group Inc. raised its holdings in Rubrik by 1,610.7% during the 1st quarter. Bessemer Group Inc. now owns 165,594 shares of the company's stock worth $10,098,000 after buying an additional 155,914 shares during the period. Finally, Perpetual Ltd raised its holdings in Rubrik by 63.1% during the 1st quarter. Perpetual Ltd now owns 7,005 shares of the company's stock worth $427,000 after buying an additional 2,709 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Arvind Nithrakashyap sold 40,170 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $2,981,015.70. Following the completion of the transaction, the chief technology officer directly owned 333,528 shares of the company's stock, valued at approximately $24,751,112.88. This trade represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Brian K. Mccarthy sold 12,500 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $87.29, for a total transaction of $1,091,125.00. Following the completion of the transaction, the executive directly owned 418,552 shares of the company's stock, valued at $36,535,404.08. This represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,966 shares of company stock valued at $11,192,544 over the last three months. Corporate insiders own 32.38% of the company's stock.

Rubrik Trading Down 1.9%

NYSE:RBRK opened at $77.18 on Monday. Rubrik, Inc. has a 1-year low of $37.38 and a 1-year high of $103.00. The firm has a fifty day simple moving average of $83.79 and a 200 day simple moving average of $82.64. The stock has a market capitalization of $15.24 billion, a PE ratio of -32.98 and a beta of 0.24.

Rubrik (NYSE:RBRK - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $282.25 million. During the same period in the prior year, the business posted ($0.40) earnings per share. Rubrik's quarterly revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. On average, equities analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Rubrik in a report on Wednesday, October 8th. Rosenblatt Securities lifted their price objective on shares of Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Wall Street Zen downgraded shares of Rubrik from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. KeyCorp lifted their price objective on shares of Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Finally, CIBC lifted their price objective on shares of Rubrik from $125.00 to $130.00 and gave the company an "outperformer" rating in a report on Thursday, September 11th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of "Moderate Buy" and a consensus price target 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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