5,000 Shares of Rubrik, Inc. $RBRK Bought by IvyRock Asset Management HK Ltd

IvyRock Asset Management HK Ltd bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the 3rd quarter, Holdings Channel.com reports. The fund bought 5,000 shares of the company’s stock, valued at approximately $572,000. Rubrik comprises approximately 0.3% of IvyRock Asset Management HK Ltd’s investment portfolio, making the stock its 11th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Rubrik by 48.8% in the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock valued at $58,744,000 after purchasing an additional 240,062 shares in the last quarter. Congress Asset Management Co. increased its stake in shares of Rubrik by 32.6% during the 3rd quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after purchasing an additional 175,866 shares in the last quarter. Amundi increased its stake in shares of Rubrik by 449.5% during the 1st quarter. Amundi now owns 561,496 shares of the company’s stock worth $27,496,000 after purchasing an additional 459,314 shares in the last quarter. CI Investments Inc. purchased a new position in shares of Rubrik during the 1st quarter worth approximately $19,815,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Rubrik during the 3rd quarter worth approximately $43,480,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Insiders Place Their Bets

In other Rubrik news, Director John Thompson sold 11,000 shares of Rubrik stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $117.27, for a total value of $1,289,970.00. Following the completion of the sale, the director owned 8,362 shares in the company, valued at $980,611.74. The trade was a 56.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $116.61, for a total transaction of $84,075.81. Following the transaction, the director directly owned 2,988 shares of the company’s stock, valued at approximately $348,430.68. This represents a 19.44% 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 ninety days, insiders have sold 139,583 shares of company stock valued at $15,125,212. Insiders own 13.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RBRK shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a report on Wednesday, August 19th. Piper Sandler raised their price target on shares of Rubrik from $91.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. BTIG Research lifted their price target on shares of Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Wells Fargo & Company upped their price objective on shares of Rubrik from $90.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research report on Monday, September 21st. Thirty equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and a consensus price target of $118.50.

Rubrik Stock Up 1.2%

Shares of NYSE:RBRK opened at $110.58 on Friday. The company has a market cap of $22.92 billion, a P/E ratio of -87.76 and a beta of 1.08. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $139.92. The business has a fifty day simple moving average of $113.39 and a 200-day simple moving average of $78.76.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Sell-side analysts expect that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Rubrik Company 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.