Rubrik, Inc. $RBRK Shares Bought by Legal Advantage Investments Inc.

Key Points

• Legal Advantage Investments Inc. increased its holdings in Rubrik, Inc. by 122.0% during the 2nd quarter, owning a total of 9,100 shares valued at around $815,000.
• Rubrik's shares opened at $82.43, down 4.3%, with a 52-week range between $37.38 and $103.00, and a market cap of $16.28 billion.
• The company reported a quarterly earnings per share (EPS) of ($0.03), exceeding expectations by $0.31 and achieving revenue of $309.86 million, which is up 44.9% year-over-year.

Legal Advantage Investments Inc. raised its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 122.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,100 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. Legal Advantage Investments Inc.'s holdings in Rubrik were worth $815,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Amundi boosted its holdings in Rubrik by 0.7% in the 1st quarter. Amundi now owns 37,116 shares of the company's stock valued at $2,132,000 after purchasing an additional 262 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock worth $76,000 after acquiring an additional 300 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of Rubrik in the 2nd quarter worth approximately $27,000. Beacon Capital Management LLC acquired a new position in shares of Rubrik in the 2nd quarter worth approximately $29,000. Finally, Comerica Bank lifted its holdings in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after acquiring an additional 395 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Down 4.3%

Shares of RBRK opened at $82.43 on Friday. Rubrik, Inc. has a fifty-two week low of $37.38 and a fifty-two week high of $103.00. The firm's 50 day moving average price is $84.84 and its 200 day moving average price is $81.88. The company has a market cap of $16.28 billion, a P/E ratio of -35.23 and a beta of 0.24.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analysts' expectations of $282.25 million. During the same period in the prior year, the company posted ($0.40) earnings per share. The company's revenue for the quarter was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $82.68, for a total value of $289,380.00. Following the sale, the chief financial officer directly owned 513,551 shares of the company's stock, valued at approximately $42,460,396.68. This represents a 0.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Brian K. Mccarthy sold 4,670 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $346,560.70. Following the completion of the sale, the executive directly owned 407,632 shares in the company, valued at approximately $30,250,370.72. This represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,466 shares of company stock valued at $10,083,014. 32.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on RBRK shares. FBN Securities restated an "outperform" rating on shares of Rubrik in a report on Wednesday, September 10th. Rosenblatt Securities upped their price objective on shares of Rubrik from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. KeyCorp upped their price objective on shares of Rubrik from $113.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Cantor Fitzgerald restated an "overweight" rating and issued a $115.00 price objective on shares of Rubrik in a report on Wednesday, September 10th. Finally, CIBC upped their price objective on shares of Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a report on Thursday, September 11th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $108.67.

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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