Bleakley Financial Group LLC Makes New Investment in Rubrik, Inc. $RBRK

Bleakley Financial Group LLC bought a new stake in Rubrik, Inc. (NYSE:RBRK) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 13,633 shares of the company’s stock, valued at approximately $668,000.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Rubrik in the 4th quarter worth about $345,907,000. First Trust Advisors LP raised its stake in Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after acquiring an additional 2,116,272 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. Vanguard Group Inc. boosted its position in Rubrik by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the period. Finally, AQR Capital Management LLC bought a new position in Rubrik during the third quarter worth about $97,828,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insider Activity

In other Rubrik news, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $71.49, for a total value of $284,458.71. Following the completion of the transaction, the director directly owned 113,477 shares of the company’s stock, valued at $8,112,470.73. This trade represents a 3.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Wendell Thompson sold 11,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $55.48, for a total transaction of $610,280.00. Following the transaction, the director owned 4,653 shares of the company’s stock, valued at $258,148.44. This trade represents a 70.27% decrease in their ownership of the stock. 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 sold 291,321 shares of company stock valued at $24,074,426 in the last quarter. 13.66% of the stock is currently owned by company insiders.

Rubrik Trading Down 1.2%

Shares of Rubrik stock opened at $78.84 on Friday. The company’s 50-day moving average price is $73.92 and its 200-day moving average price is $62.91. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The company has a market cap of $16.23 billion, a price-to-earnings ratio of -54.37 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. Rubrik’s revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.15) EPS. 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, sell-side analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

RBRK has been the subject of several recent research reports. Jefferies Financial Group set a $90.00 target price on shares of Rubrik in a research note on Friday, June 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Monday, June 1st. BMO Capital Markets boosted their target price on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Barclays increased their target price on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.96.

About Rubrik

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).