GGM Financials LLC Makes New Investment in Rubrik, Inc. $RBRK

Key Points

• GGM Financials LLC has made a new investment in Rubrik, Inc., purchasing 90,497 shares valued at approximately $8.1 million, making it the fund's 17th largest holding.
• Analysts have recently set new price targets for Rubrik, with Cantor Fitzgerald establishing a target of $115.00 and Wedbush setting it at $120.00, amid a consensus rating of "Moderate Buy".
• Rubrik reported a 44.9% increase in quarterly revenue, reaching $309.86 million, and also surpassed EPS consensus estimates with a report of ($0.03).

GGM Financials LLC purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 90,497 shares of the company's stock, valued at approximately $8,108,000. Rubrik makes up 1.6% of GGM Financials LLC's portfolio, making the stock its 17th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. purchased a new position in Rubrik in the 2nd quarter worth about $27,000. Beacon Capital Management LLC purchased a new position in Rubrik in the 2nd quarter worth about $29,000. Catalyst Capital Advisors LLC purchased a new position in Rubrik in the 2nd quarter worth about $36,000. PNC Financial Services Group Inc. purchased a new position in Rubrik in the 1st quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new position in Rubrik in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Analysts Set New Price Targets

RBRK has been the topic of several research analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $115.00 target price on shares of Rubrik in a research note on Wednesday, September 10th. Wedbush reaffirmed an "outperform" rating and set a $120.00 target price on shares of Rubrik in a research note on Thursday, September 11th. KeyCorp lifted their target price on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Rubrik in a research note on Wednesday, October 8th. Finally, Rosenblatt Securities lifted their target price on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rubrik presently has a consensus rating of "Moderate Buy" and an average target price of $108.67.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $77.91 on Tuesday. The stock has a market cap of $15.38 billion, a price-to-earnings ratio of -33.30 and a beta of 0.24. The business has a 50 day simple moving average of $82.78 and a 200 day simple moving average of $83.58. Rubrik, Inc. has a 52 week low of $39.40 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) EPS 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 previous year, the firm posted ($0.40) EPS. The company'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, analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Buying and Selling

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the company's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $83.03, for a total transaction of $830,300.00. Following the completion of the sale, the insider owned 359,319 shares of the company's stock, valued at $29,834,256.57. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $2,981,015.70. Following the sale, the chief technology officer directly owned 333,528 shares of the company's stock, valued at $24,751,112.88. The trade was a 10.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,466 shares of company stock worth $10,898,894 over 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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