Knollwood Investment Advisory LLC Raises Stock Holdings in Rubrik, Inc. $RBRK

Knollwood Investment Advisory LLC boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 73.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,618 shares of the company’s stock after purchasing an additional 88,886 shares during the quarter. Rubrik comprises 1.6% of Knollwood Investment Advisory LLC’s holdings, making the stock its 12th largest holding. Knollwood Investment Advisory LLC owned 0.11% of Rubrik worth $17,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Rubrik by 8.3% during the third quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company’s stock valued at $1,070,586,000 after buying an additional 993,634 shares during the last quarter. First Trust Advisors LP grew its position in shares of Rubrik by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 4,947,785 shares of the company’s stock worth $406,955,000 after buying an additional 485,080 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Rubrik by 18.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock worth $293,552,000 after acquiring an additional 543,855 shares in the last quarter. Norges Bank bought a new position in shares of Rubrik during the 2nd quarter worth approximately $219,132,000. Finally, Federated Hermes Inc. lifted its position in Rubrik by 101.8% during the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after acquiring an additional 1,229,476 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Trading Down 3.4%

Shares of NYSE:RBRK opened at $51.60 on Tuesday. Rubrik, Inc. has a twelve month low of $46.36 and a twelve month high of $103.00. The company has a market cap of $10.33 billion, a PE ratio of -29.15 and a beta of 0.46. The company’s 50 day moving average is $58.70 and its 200 day moving average is $71.36.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. The business’s revenue was up 46.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RBRK. Oppenheimer assumed coverage on shares of Rubrik in a research note on Monday, November 17th. They issued a “market perform” rating for the company. Rosenblatt Securities decreased their price objective on Rubrik from $120.00 to $95.00 and set a “buy” rating for the company in a report on Monday, March 9th. The Goldman Sachs Group lowered their price objective on Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Citigroup dropped their target price on Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday. Finally, KeyCorp reduced their target price on Rubrik from $95.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and a consensus target price of $90.42.

Insider Buying and Selling at Rubrik

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $70.88, for a total value of $708,800.00. Following the sale, the insider directly owned 330,772 shares of the company’s stock, valued at approximately $23,445,119.36. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $73.84, for a total value of $812,240.00. Following the sale, the director directly owned 2,702 shares in the company, valued at $199,515.68. This represents a 80.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 146,219 shares of company stock valued at $9,834,982. Company insiders own 32.38% of the company’s stock.

Rubrik Company 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).