Axxcess Wealth Management LLC Takes Position in Rubrik, Inc. $RBRK

Axxcess Wealth Management LLC acquired a new position in Rubrik, Inc. (NYSE:RBRK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 21,650 shares of the company’s stock, valued at approximately $1,781,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in shares of Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 150 shares during the last quarter. Creative Planning lifted its position in Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares during the period. Advisors Asset Management Inc. boosted its holdings in Rubrik by 68.5% in the second quarter. Advisors Asset Management Inc. now owns 588 shares of the company’s stock worth $53,000 after purchasing an additional 239 shares during the last quarter. Bogart Wealth LLC grew its position in Rubrik by 352.2% in the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after purchasing an additional 243 shares during the period. Finally, Allworth Financial LP raised its stake in Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after buying an additional 268 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian K. Mccarthy sold 10,000 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $70.88, for a total transaction of $708,800.00. Following the completion of the sale, the insider owned 330,772 shares in the company, valued at approximately $23,445,119.36. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $54.17, for a total value of $1,083,400.00. Following the completion of the transaction, the chief financial officer owned 474,959 shares of the company’s stock, valued at $25,728,529.03. The trade was a 4.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 256,887 shares of company stock worth $19,276,805. 32.38% of the stock is currently owned by corporate insiders.

Rubrik Trading Down 0.5%

NYSE RBRK opened at $54.14 on Friday. Rubrik, Inc. has a 12 month low of $47.35 and a 12 month high of $103.00. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of -27.77 and a beta of 0.31. The company’s 50 day moving average is $66.83 and its two-hundred day moving average is $75.59.

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 analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. The business’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RBRK shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. BMO Capital Markets cut their price target on Rubrik from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Stephens started coverage on shares of Rubrik in a research report on Monday, December 29th. They set an “overweight” rating and a $105.00 price target for the company. Mizuho dropped their price objective on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group cut their target price on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.94.

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).