Rubrik, Inc. $RBRK Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,190 shares of the company’s stock after purchasing an additional 1,310 shares during the period. HighTower Advisors LLC’s holdings in Rubrik were worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Rubrik during the 4th quarter worth about $28,000. PNC Financial Services Group Inc. acquired a new position in shares of Rubrik during the 1st quarter worth about $30,000. Point72 Hong Kong Ltd acquired a new position in shares of Rubrik during the 4th quarter worth about $47,000. Quarry LP acquired a new position in shares of Rubrik during the 4th quarter worth about $48,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Rubrik during the 4th quarter worth about $59,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Price Performance

Rubrik stock opened at $87.84 on Tuesday. The firm has a 50 day simple moving average of $87.80 and a 200-day simple moving average of $78.22. Rubrik, Inc. has a 1-year low of $29.18 and a 1-year high of $103.00. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of -31.04 and a beta of 0.45.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.17. The firm had revenue of $278.48 million during the quarter, compared to analysts’ expectations of $260.39 million. During the same period last year, the company earned ($1.58) EPS. The business’s quarterly revenue was up 48.7% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -1.020–0.960 EPS. Q2 2026 guidance at -0.350–0.330 EPS. Equities analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on RBRK shares. Robert W. Baird upped their price objective on shares of Rubrik from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Truist Financial upped their price objective on shares of Rubrik from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Wall Street Zen cut shares of Rubrik from a “buy” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company upped their price objective 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, Mizuho cut shares of Rubrik from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $86.00 in a research note on Thursday, May 15th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.38.

Insiders Place Their Bets

In other news, CRO Brian K. Mccarthy sold 12,500 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were 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 owned 418,552 shares of the company’s stock, valued at $36,535,404.08. This represents a 2.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Yvonne Wassenaar sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total transaction of $176,420.00. Following the completion of the sale, the director directly owned 2,855 shares of the company’s stock, valued at approximately $251,839.55. This trade represents a 41.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,048,547 shares of company stock worth $96,252,999. 32.38% of the stock is currently owned by company insiders.

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.