US Bancorp DE Buys 42,755 Shares of Rubrik, Inc. $RBRK

Key Points

• US Bancorp DE raised its stake in Rubrik by 79.9% in Q4, buying 42,755 shares to hold 96,273 shares valued at about $7.36 million.
• Insider selling has been heavy recently — insiders sold 189,613 shares worth $9.41 million in the past 90 days, including CFO Kiran Kumar Choudary's 122,613-share sale at ~$48.20; insiders now own 13.66% of the stock.
• Earnings beat: Rubrik reported $0.04 EPS vs. a -$0.11 estimate and revenue of $377.7M (+46.3% YoY), and provided Q1 and FY2027 EPS guidance (Q1: -0.040 to -0.020; FY2027: 0.070 to 0.270).

US Bancorp DE raised its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 79.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 96,273 shares of the company's stock after acquiring an additional 42,755 shares during the quarter. US Bancorp DE's holdings in Rubrik were worth $7,363,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBRK. Bogart Wealth LLC raised its holdings in shares of Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company's stock valued at $26,000 after buying an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock valued at $30,000 after buying an additional 340 shares during the last quarter. Financial Life Planners bought a new position in shares of Rubrik in the third quarter valued at about $31,000. Guerra Advisors Inc bought a new position in shares of Rubrik in the third quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Rubrik in the third quarter valued at about $34,000. 49.54% of the stock is owned by institutional investors.

Insider Activity

In other news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $53.62, for a total transaction of $589,820.00. Following the transaction, the director owned 4,653 shares in the company, valued at $249,493.86. The trade was a 70.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 122,613 shares of Rubrik stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $48.20, for a total value of $5,909,946.60. Following the transaction, the chief financial officer owned 564,901 shares in the company, valued at $27,228,228.20. This trade represents a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 189,613 shares of company stock worth $9,411,142 in the last 90 days. Corporate insiders own 13.66% of the company's stock.

Rubrik Trading Up 0.0%

Rubrik stock opened at $55.10 on Monday. The firm has a market capitalization of $11.14 billion, a P/E ratio of -31.13 and a beta of 0.63. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $103.00. The business has a 50-day moving average of $51.62 and a 200-day moving average of $63.82.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. Rubrik's quarterly revenue was up 46.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Research analysts anticipate that Rubrik, Inc. will post -1.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RBRK shares. Wedbush cut their price target on Rubrik from $120.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, March 13th. Robert W. Baird cut their price target on Rubrik from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, March 6th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and issued a $110.00 price target on shares of Rubrik in a report on Monday, March 16th. Jefferies Financial Group initiated coverage on Rubrik in a report on Monday, April 27th. They issued a "buy" rating and a $65.00 price target for the company. Finally, Guggenheim reiterated a "buy" rating and issued a $110.00 price objective on shares of Rubrik in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.83.

Rubrik Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company's platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).

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