Virtus Wealth Solutions LLC Invests $8.11 Million in Rubrik, Inc. $RBRK

Key Points

• Virtus Wealth Solutions LLC has invested approximately $8.11 million in Rubrik, Inc. by acquiring 90,497 shares, making it the firm's 16th largest investment.
• Rubrik's stock rating has seen upgrades from multiple analysts, with KeyCorp raising its price target to $117.00 and a consensus "Moderate Buy" rating from research analysts.
• Recent insider activity includes significant share sales by CTO Arvind Nithrakashyap and Director John Wendell Thompson, indicating a 10.75% and 90.03% decrease in their respective positions.

Virtus Wealth Solutions LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 90,497 shares of the company's stock, valued at approximately $8,108,000. Rubrik comprises approximately 1.7% of Virtus Wealth Solutions LLC's investment portfolio, making the stock its 16th biggest position.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. KeyCorp boosted their price objective on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $115.00 price target on shares of Rubrik in a research note on Wednesday, September 10th. Weiss Ratings reiterated a "sell (d)" rating on shares of Rubrik in a report on Saturday, September 27th. Wedbush reissued an "outperform" rating and issued a $120.00 price objective on shares of Rubrik in a report on Thursday, September 11th. Finally, FBN Securities restated an "outperform" rating on shares of Rubrik in a research report on Wednesday, September 10th. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of "Moderate Buy" and a consensus price target of $108.67.

Insiders Place Their Bets

In other Rubrik news, CTO Arvind Nithrakashyap sold 40,170 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $2,981,015.70. Following the transaction, the chief technology officer owned 333,528 shares in the company, valued at approximately $24,751,112.88. This represents a 10.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total value of $745,584.84. Following the sale, the director owned 998 shares of the company's stock, valued at approximately $82,594.48. This trade represents a 90.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,466 shares of company stock valued at $10,083,014 in the last 90 days. Insiders own 32.38% of the company's stock.

Rubrik Trading Down 3.2%

RBRK stock opened at $79.57 on Wednesday. The firm has a market cap of $15.71 billion, a P/E ratio of -34.00 and a beta of 0.24. The stock's 50 day simple moving average is $85.36 and its 200 day simple moving average is $81.63. Rubrik, Inc. has a 12-month low of $32.73 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.31. The business had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.25 million. During the same period in the previous year, the company posted ($0.40) EPS. The company's revenue for the quarter was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. On average, research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal 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.

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