BIP Wealth LLC Invests $765,000 in Rubrik, Inc. $RBRK

BIP Wealth LLC purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,007 shares of the company’s stock, valued at approximately $765,000.

Other hedge funds have also modified their holdings of the company. Strs Ohio grew its stake in shares of Rubrik by 90.8% during the third quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after purchasing an additional 29,649 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Rubrik during the third quarter valued at approximately $4,717,000. ARK Investment Management LLC grew its stake in shares of Rubrik by 21.1% during the third quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock valued at $26,247,000 after purchasing an additional 55,500 shares during the last quarter. Citigroup Inc. grew its stake in shares of Rubrik by 210.2% during the third quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock valued at $8,557,000 after purchasing an additional 70,504 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Rubrik by 471.4% during the third quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock valued at $4,181,000 after purchasing an additional 41,756 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

Rubrik Stock Performance

Shares of RBRK stock opened at $51.68 on Thursday. Rubrik, Inc. has a 52-week low of $44.75 and a 52-week high of $103.00. The stock has a market cap of $10.45 billion, a PE ratio of -29.19 and a beta of 0.63. The firm’s 50 day moving average price is $52.37 and its two-hundred day moving average price is $67.38.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. During the same period in the previous year, the business posted ($0.18) earnings per share. Rubrik’s revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, sell-side analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Rosenblatt Securities reduced their price objective on shares of Rubrik from $120.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 price objective (down from $99.00) on shares of Rubrik in a research note on Friday, March 13th. Cantor Fitzgerald reduced their price objective on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. Finally, BTIG Research began coverage on shares of Rubrik in a research note on Friday, March 20th. They issued a “buy” rating and a $64.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and an average target price of $89.10.

Insiders Place Their Bets

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $48.90, for a total value of $537,900.00. Following the sale, the director directly owned 4,653 shares in the company, valued at approximately $227,531.70. This trade represents a 70.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark D. Mclaughlin bought 10,638 shares of the business’s stock in a transaction on Monday, March 30th. The stock was purchased at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the acquisition, the director owned 13,639 shares of the company’s stock, valued at approximately $643,897.19. This trade represents a 354.48% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 238,806 shares of company stock worth $12,620,003. Company insiders own 32.38% of the company’s stock.

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).