RWA Wealth Partners LLC Purchases Shares of 10,375 Rubrik, Inc. $RBRK

Key Points

• RWA Wealth Partners LLC acquired a new stake in Rubrik, Inc. (NYSE:RBRK) during the first quarter, purchasing 10,375 shares valued at approximately $633,000.
• Rubrik's stock is currently priced at $85.13, with a 12-month low of $29.18 and a high of $103.00, reflecting a 1.4% increase in value.
• The company reported a quarterly revenue of $278.48 million, exceeding estimates, and saw a significant 48.7% increase in revenue year-over-year.

RWA Wealth Partners LLC bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,375 shares of the company's stock, valued at approximately $633,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in Rubrik during the fourth quarter valued at about $28,000. Cerity Partners LLC acquired a new position in Rubrik in the 4th quarter worth approximately $209,000. Barclays PLC grew its position in Rubrik by 157.6% during the 4th quarter. Barclays PLC now owns 30,986 shares of the company's stock worth $2,025,000 after purchasing an additional 18,957 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Rubrik during the 4th quarter valued at $62,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Rubrik by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 36,741 shares of the company's stock valued at $2,401,000 after purchasing an additional 1,363 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Stock Up 4.0%

RBRK stock traded up $3.4380 during trading hours on Friday, hitting $88.6780. The company's stock had a trading volume of 2,206,720 shares, compared to its average volume of 2,925,768. The stock has a 50 day moving average price of $87.88 and a two-hundred day moving average price of $78.11. Rubrik, Inc. has a 12 month low of $29.18 and a 12 month high of $103.00. The company has a market capitalization of $17.16 billion, a PE ratio of -31.33 and a beta of 0.45.

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

Insider Buying and Selling

In related news, CRO Brian K. Mccarthy sold 12,500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $87.29, for a total value of $1,091,125.00. Following the completion of the sale, the executive directly owned 418,552 shares in the company, valued at approximately $36,535,404.08. The trade was a 2.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $82.93, for a total value of $290,255.00. Following the transaction, the chief financial officer owned 517,095 shares in the company, valued at approximately $42,882,688.35. This trade represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,048,547 shares of company stock valued at $96,252,999. 32.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RBRK shares. Truist Financial upped their price target on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Guggenheim raised their price target on shares of Rubrik from $105.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, June 6th. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 price objective (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Wells Fargo & Company lifted their target price on shares of Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Finally, UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $100.38.

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.