Legal & General Group Plc Has $145.68 Million Stock Holdings in Rubrik, Inc. $RBRK

Legal & General Group Plc lifted its holdings in Rubrik, Inc. (NYSE:RBRK) by 8.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,904,810 shares of the company’s stock after purchasing an additional 151,234 shares during the quarter. Legal & General Group Plc’s holdings in Rubrik were worth $145,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RBRK. WCM Investment Management LLC acquired a new position in Rubrik during the 3rd quarter worth approximately $4,717,000. ARK Investment Management LLC boosted its position in Rubrik by 21.1% during the 3rd quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock worth $26,247,000 after acquiring an additional 55,500 shares during the last quarter. Citigroup Inc. boosted its position in Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock worth $8,557,000 after acquiring an additional 70,504 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Rubrik by 471.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after acquiring an additional 41,756 shares during the last quarter. Finally, Truist Financial Corp boosted its position in Rubrik by 1,228.3% during the 3rd quarter. Truist Financial Corp now owns 40,752 shares of the company’s stock worth $3,352,000 after acquiring an additional 37,684 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on RBRK. Oppenheimer raised Rubrik from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research report on Wednesday, May 20th. Scotiabank set a $70.00 price target on Rubrik and gave the stock a “sector outperform” rating in a research report on Monday, April 20th. BTIG Research upped their price objective on Rubrik from $64.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wedbush dropped their price objective on Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.32.

Rubrik Stock Performance

RBRK opened at $70.32 on Friday. The firm has a market cap of $14.22 billion, a P/E ratio of -39.73 and a beta of 0.63. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $103.00. The business’s fifty day moving average is $55.24 and its 200-day moving average is $62.29.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same period last year, the company 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. On average, research analysts predict that Rubrik, Inc. will post -1.45 earnings per share for the current fiscal year.

Insider Transactions at Rubrik

In other news, Director John Wendell Thompson sold 2,500 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $55.51, for a total transaction of $138,775.00. Following the sale, the director directly owned 17,500 shares of the company’s stock, valued at approximately $971,425. This represents a 12.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total value of $1,033,800.00. Following the sale, the chief financial officer directly owned 549,901 shares in the company, valued at approximately $28,424,382.69. This trade represents a 3.51% decrease in their ownership of the stock. 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 have sold 183,113 shares of company stock valued at $9,076,797. 13.66% of the stock is owned by corporate insiders.

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).