Forum Financial Management LP Takes $335,000 Position in Rubrik, Inc. $RBRK

Forum Financial Management LP purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,846 shares of the company’s stock, valued at approximately $335,000.

Several other institutional investors have also recently made changes to their positions in RBRK. EverSource Wealth Advisors LLC increased its position in shares of Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after purchasing an additional 340 shares during the last quarter. Financial Life Planners acquired a new stake in shares of Rubrik during the third quarter valued at about $31,000. Atlantic Union Bankshares Corp increased its position in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Rubrik in the 3rd quarter valued at approximately $34,000. Finally, Triumph Capital Management purchased a new stake in shares of Rubrik in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insider Buying and Selling

In other Rubrik news, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71. Following the sale, the director owned 113,477 shares in the company, valued at $8,112,470.73. This represents a 3.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Yvonne Wassenaar sold 676 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $75.00, for a total value of $50,700.00. Following the completion of the sale, the director directly owned 5,359 shares in the company, valued at $401,925. This represents a 11.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 267,481 shares of company stock valued at $21,393,079 in the last three months. 13.66% of the stock is currently owned by insiders.

Rubrik Stock Performance

Shares of RBRK stock opened at $80.30 on Wednesday. The stock has a market capitalization of $16.53 billion, a P/E ratio of -55.38 and a beta of 1.10. The company has a 50 day moving average price of $66.49 and a 200 day moving average price of $62.35. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. Rubrik’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, research analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on RBRK shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Rosenblatt Securities reissued a “buy” rating and issued a $90.00 target price on shares of Rubrik in a research report on Monday, June 1st. Robert W. Baird upped their price target on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Wolfe Research restated an “outperform” rating and set a $95.00 price target on shares of Rubrik in a research note on Friday, June 5th. Finally, Wedbush restated an “outperform” rating and set a $90.00 price target on shares of Rubrik in a research report on Thursday, June 11th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Rubrik 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).