Rubrik, Inc. $RBRK Shares Sold by Knollwood Investment Advisory LLC

Key Points

• Knollwood Investment Advisory LLC has decreased its position in Rubrik, Inc. by 9.1%, now owning 49,888 shares worth approximately $3.04 million.
• Rubrik's stock price opened at $83.81 and has seen a 2.2% decline recently, with a 52-week range between a low of $29.18 and a high of $103.00.
• In its latest earnings report, Rubrik reported an EPS of ($0.15), beating estimates, and a revenue of $278.48 million, marking a 48.7% increase year-over-year.

Knollwood Investment Advisory LLC cut its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,888 shares of the company's stock after selling 5,000 shares during the period. Knollwood Investment Advisory LLC's holdings in Rubrik were worth $3,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik during the fourth quarter worth about $28,000. PNC Financial Services Group Inc. purchased a new position in shares of Rubrik during the first quarter worth $30,000. Summit Securities Group LLC purchased a new position in shares of Rubrik during the first quarter worth $31,000. Point72 Hong Kong Ltd purchased a new position in shares of Rubrik during the fourth quarter worth $47,000. Finally, Quarry LP purchased a new position in shares of Rubrik during the fourth quarter worth $48,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Insider Activity

In other Rubrik news, Director Enrique T. Salem sold 700,000 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $91.09, for a total value of $63,763,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ravi Mhatre sold 16,984 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $89.47, for a total value of $1,519,558.48. Following the completion of the transaction, the director owned 81,842 shares in the company, valued at $7,322,403.74. This represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,048,547 shares of company stock valued at $96,252,999 in the last 90 days. 32.38% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Cantor Fitzgerald raised their target price on shares of Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Mizuho cut shares of Rubrik from an "outperform" rating to a "neutral" rating and raised their target price for the stock from $75.00 to $86.00 in a report on Thursday, May 15th. Wedbush lifted their price objective on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, Wall Street Zen lowered shares of Rubrik from a "buy" rating to a "hold" rating in a research note on Friday. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Stock Up 4.0%

Shares of NYSE RBRK traded up $3.4380 during trading on Friday, hitting $88.6780. The company had a trading volume of 2,206,720 shares, compared to its average volume of 2,925,768. The stock has a fifty day simple moving average of $87.88 and a two-hundred day simple moving average of $78.09. Rubrik, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $103.00. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of -31.33 and a beta of 0.45.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. During the same quarter last year, the business earned ($1.58) EPS. The firm'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. On average, analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Rubrik Company 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.