Raymond James Financial Inc. Lowers Stake in Rubrik, Inc. $RBRK

Key Points

• Raymond James Financial Inc. reduced its stake in Rubrik, Inc. by 27.6% in the first quarter, bringing its holdings to 126,902 shares valued at approximately $7.7 million.
• Rubrik reported earnings with a loss of $0.15 EPS for the last quarter, which beat analysts' estimates, alongside a revenue increase of 48.7% year-over-year.
• Analyst ratings for Rubrik include fifteen "buy" ratings and three "hold" ratings, with a consensus price target reaching $100.38 per share.

Raymond James Financial Inc. lowered its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 27.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,902 shares of the company's stock after selling 48,472 shares during the quarter. Raymond James Financial Inc. owned 0.07% of Rubrik worth $7,738,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Voloridge Investment Management LLC purchased a new position in Rubrik during the fourth quarter valued at approximately $85,331,000. Green Alpha Advisors LLC lifted its holdings in Rubrik by 53.4% during the first quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock valued at $495,000 after purchasing an additional 2,824 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Rubrik by 2,899.7% during the fourth quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock valued at $20,508,000 after purchasing an additional 303,305 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Rubrik by 168.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after purchasing an additional 418,457 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Rubrik by 14.0% during the fourth quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock valued at $1,909,000 after purchasing an additional 3,593 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Stock Performance

NYSE RBRK opened at $89.54 on Tuesday. The company has a market capitalization of $17.32 billion, a P/E ratio of -31.64 and a beta of 0.44. Rubrik, Inc. has a one year low of $29.18 and a one year high of $103.00. The stock has a 50 day moving average price of $87.91 and a 200-day moving average price of $78.65.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. The firm's revenue was up 48.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.58) earnings per share. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. As a group, equities analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several analyst reports. Guggenheim lifted their price target on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wedbush upped their price target on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Mizuho downgraded Rubrik from an "outperform" rating to a "neutral" rating and upped their price target for the stock from $75.00 to $86.00 in a research note on Thursday, May 15th. UBS Group restated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Finally, CIBC upped their price target on Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a research note on Monday, June 9th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Insider Activity

In other news, Director Ravi Mhatre sold 16,984 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the transaction, the director directly owned 81,842 shares in the company, valued at approximately $7,322,403.74. This represents a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Arvind Nithrakashyap sold 43,128 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $88.56, for a total value of $3,819,415.68. Following the transaction, the chief technology officer owned 38,122 shares of the company's stock, valued at $3,376,084.32. This represents a 53.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 976,554 shares of company stock worth $89,170,211. 32.38% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.