Kornitzer Capital Management Inc. KS bought a new stake in Rubrik, Inc. (NYSE:RBRK – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $1,374,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. United Advisor Group LLC acquired a new stake in shares of Rubrik during the third quarter worth approximately $247,000. Plancorp LLC bought a new stake in shares of Rubrik in the third quarter worth $272,000. CenterBook Partners LP bought a new stake in shares of Rubrik in the third quarter worth $5,569,000. Allegiance Financial Group Advisory Services LLC raised its holdings in Rubrik by 15.3% in the third quarter. Allegiance Financial Group Advisory Services LLC now owns 5,186 shares of the company’s stock valued at $594,000 after acquiring an additional 688 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Rubrik by 21.0% in the third quarter. Kestra Advisory Services LLC now owns 10,677 shares of the company’s stock valued at $1,222,000 after acquiring an additional 1,854 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.
Rubrik Trading Up 5.0%
RBRK stock opened at $111.00 on Tuesday. The stock’s 50 day simple moving average is $112.18 and its 200 day simple moving average is $78.11. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $139.92. The firm has a market cap of $23.01 billion, a P/E ratio of -88.09 and a beta of 1.08.
Rubrik (NYSE:RBRK – Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same period last year, the company posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, research analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Citigroup increased their price objective on shares of Rubrik from $96.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, August 28th. BTIG Research boosted their target price on shares of Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Truist Financial upped their target price on shares of Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Wedbush lifted their price target on Rubrik from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a research note on Wednesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and a consensus price target of $118.04.
View Our Latest Report on RBRK
Insider Activity
In related news, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the completion of the sale, the chief technology officer owned 293,293 shares of the company’s stock, valued at $26,516,620.13. This represents a 4.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 10,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00. Following the sale, the chief financial officer owned 978,073 shares in the company, valued at approximately $96,164,137.36. This trade represents a 1.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 139,583 shares of company stock valued at $15,125,212. Company insiders own 13.66% of the company’s stock.
Rubrik Profile
Rubrik, Inc is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents.
The company’s Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.
Founded in 2014, Rubrik serves organizations in multiple industries and geographies.
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