Axxcess Wealth Management LLC Purchases New Stake in Rubrik, Inc. $RBRK

Axxcess Wealth Management LLC purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 21,650 shares of the company’s stock, valued at approximately $1,781,000.

A number of other large investors have also added to or reduced their stakes in RBRK. Allworth Financial LP raised its stake in shares of Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after acquiring an additional 268 shares during the last quarter. Bogart Wealth LLC raised its position in Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Rubrik in the 2nd quarter worth approximately $36,000. Guerra Advisors Inc purchased a new stake in Rubrik in the 3rd quarter worth approximately $33,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Rubrik in the 2nd quarter worth approximately $41,000. Institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RBRK shares. Rosenblatt Securities upped their target price on Rubrik from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, December 5th. Stephens assumed coverage on shares of Rubrik in a report on Monday, December 29th. They issued an “overweight” rating and a $105.00 price objective for the company. Truist Financial cut their target price on shares of Rubrik from $110.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday. Oppenheimer assumed coverage on shares of Rubrik in a research report on Monday, November 17th. They set a “market perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rubrik in a report on Friday, December 5th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.94.

Insider Transactions at Rubrik

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of Rubrik stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $90.83, for a total value of $908,300.00. Following the completion of the transaction, the insider directly owned 339,319 shares of the company’s stock, valued at approximately $30,820,344.77. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $67.66, for a total transaction of $1,353,200.00. Following the completion of the transaction, the chief financial officer owned 489,959 shares in the company, valued at approximately $33,150,625.94. This represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 256,887 shares of company stock worth $19,276,805 over the last quarter. Corporate insiders own 32.38% of the company’s stock.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $54.14 on Friday. The company has a 50 day simple moving average of $66.83 and a two-hundred day simple moving average of $75.59. Rubrik, Inc. has a fifty-two week low of $47.35 and a fifty-two week high of $103.00. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of -27.77 and a beta of 0.31.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. The business’s quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.21) EPS. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Rubrik Company 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).