129,923 Shares in Rubrik, Inc. $RBRK Acquired by Waypoint Wealth Partners Inc.

Key Points

• Waypoint Wealth Partners Inc. acquired 129,923 shares of Rubrik, Inc. during the second quarter, totaling approximately $11.64 million, and now holds 2.8% of the company's portfolio.
• Rubrik recently reported earnings per share of ($0.03), exceeding analyst estimates, while revenue jumped 44.9% year-over-year.
• Despite a recent stock price drop of 1.5%, analysts remain optimistic, with 16 giving Rubrik a "Buy" rating and an average target price of $104.38.

Waypoint Wealth Partners Inc. purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 129,923 shares of the company's stock, valued at approximately $11,640,000. Rubrik comprises about 2.8% of Waypoint Wealth Partners Inc.'s investment portfolio, making the stock its 6th largest position. Waypoint Wealth Partners Inc. owned about 0.07% of Rubrik at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new position in Rubrik during the 1st quarter worth approximately $30,000. Summit Securities Group LLC acquired a new position in Rubrik during the first quarter worth $31,000. Comerica Bank increased its holdings in 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 last quarter. CWM LLC increased its holdings in Rubrik by 282.2% during the first quarter. CWM LLC now owns 1,051 shares of the company's stock worth $64,000 after buying an additional 776 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Insider Buying and Selling at Rubrik

In related news, CTO Arvind Nithrakashyap sold 40,170 shares of the business's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the completion of the transaction, the chief technology officer owned 333,528 shares in the company, valued at $24,751,112.88. The trade was a 10.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Brian K. Mccarthy sold 4,670 shares of Rubrik stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $346,560.70. Following the sale, the executive directly owned 407,632 shares of the company's stock, valued at approximately $30,250,370.72. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 210,858 shares of company stock worth $17,780,477 in the last ninety days. Company insiders own 32.38% of the company's stock.

Rubrik Price Performance

RBRK stock traded up $2.37 during midday trading on Friday, hitting $80.39. The stock had a trading volume of 10,098,419 shares, compared to its average volume of 4,753,439. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of -34.35 and a beta of 0.43. The business has a 50-day moving average of $86.46 and a two-hundred day moving average of $79.93. Rubrik, Inc. has a 52-week low of $30.35 and a 52-week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.31. The business had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. During the same period in the previous year, the company earned ($0.40) earnings per share. 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. Research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RBRK shares. UBS Group restated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 target price on shares of Rubrik in a report on Wednesday, September 10th. Wedbush reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Rubrik in a research note on Thursday, September 11th. FBN Securities reissued an "outperform" rating on shares of Rubrik in a research report on Wednesday, September 10th. Finally, CIBC raised their price objective on shares of Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a research report on Thursday, September 11th. Sixteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Rubrik has an average rating of "Moderate Buy" and a consensus target price of $104.38.

Rubrik 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.