Amova Asset Management Americas Inc. Sells 21,717 Shares of Rubrik, Inc. $RBRK

Amova Asset Management Americas Inc. lowered its position in shares of Rubrik, Inc. (NYSE:RBRK) by 6.5% in the first quarter, Holdings Channel reports. The institutional investor owned 311,213 shares of the company’s stock after selling 21,717 shares during the period. Amova Asset Management Americas Inc.’s holdings in Rubrik were worth $15,228,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp grew its stake in shares of Rubrik by 100.0% in 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 in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Rubrik in the 3rd quarter worth about $34,000. Triumph Capital Management bought a new position in Rubrik during the 4th quarter worth $33,000. Los Angeles Capital Management LLC acquired a new position in Rubrik in the 4th quarter valued at $35,000. Finally, Advocate Investing Services LLC acquired a new position in Rubrik in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

RBRK has been the topic of several analyst reports. Jefferies Financial Group set a $90.00 target price on Rubrik in a report on Friday, June 5th. Oppenheimer upped their price objective on shares of Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Robert W. Baird increased their price objective on shares of Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Guggenheim restated a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Wedbush restated an “outperform” rating and set a $90.00 target price on shares of Rubrik in a research note on Thursday, June 11th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.96.

Rubrik Stock Performance

RBRK stock opened at $78.18 on Tuesday. The company has a fifty day moving average price of $74.24 and a 200-day moving average price of $62.81. The company has a market capitalization of $16.09 billion, a P/E ratio of -53.92 and a beta of 1.10. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $99.75.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($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. As a group, sell-side analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 199,447 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the sale, the chief technology officer owned 314,048 shares in the company, valued at approximately $26,467,965.44. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction dated 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 directly owned 4,653 shares in the company, valued at $258,148.44. The trade was 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 have sold 291,321 shares of company stock worth $24,074,426 over the last three months. Company insiders own 13.66% of the company’s stock.

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).