Diversify Wealth Management LLC Has $2.48 Million Stock Position in Rubrik, Inc. $RBRK

Diversify Wealth Management LLC increased its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 18.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,174 shares of the company’s stock after buying an additional 7,227 shares during the quarter. Diversify Wealth Management LLC’s holdings in Rubrik were worth $2,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RBRK. Pictet Asset Management Holding SA grew its position in Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Norges Bank acquired a new stake in shares of Rubrik during the fourth quarter valued at about $345,907,000. Legal & General Group Plc boosted its stake in shares of Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after purchasing an additional 151,234 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Rubrik by 47.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock worth $45,571,000 after purchasing an additional 191,738 shares during the last quarter. Finally, Washington University acquired a new position in shares of Rubrik in the fourth quarter valued at approximately $3,861,000. 49.54% of the stock is currently owned by institutional investors.

Insider Activity at Rubrik

In other news, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the transaction, the director owned 113,477 shares in the company, valued at approximately $8,112,470.73. This represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the transaction, the chief technology officer owned 314,048 shares in the company, valued at $26,467,965.44. This represents a 38.84% 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 sold 287,342 shares of company stock valued at $23,743,772 in the last ninety days. Insiders own 13.66% of the company’s stock.

Analysts Set New Price Targets

RBRK has been the topic of several recent research reports. KeyCorp lifted their target price on shares of Rubrik from $70.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Barclays raised their price target on shares of Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Truist Financial reissued a “buy” rating and issued a $90.00 price objective (up from $80.00) on shares of Rubrik in a research note on Friday, June 5th. Wedbush restated an “outperform” rating and issued a $90.00 price objective on shares of Rubrik in a report on Thursday, June 11th. Finally, BMO Capital Markets raised their target price on Rubrik from $87.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.46.

Rubrik Stock Performance

Shares of RBRK opened at $83.91 on Tuesday. The firm has a market cap of $17.27 billion, a PE ratio of -57.87 and a beta of 1.10. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $99.75. The business’s 50 day moving average price is $72.15 and its two-hundred day moving average price is $62.71.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same period last year, the business 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. Research analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

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).