S&CO Inc. Purchases New Shares in Rubrik, Inc. $RBRK

S&CO Inc. acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 53,612 shares of the company’s stock, valued at approximately $4,303,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after purchasing an additional 1,678,255 shares during the last quarter. First Trust Advisors LP boosted its holdings in Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after purchasing an additional 2,116,272 shares during the last quarter. Norges Bank purchased a new position in Rubrik during the fourth quarter worth about $345,907,000. Pictet Asset Management Holding SA grew its position in Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Rubrik by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after purchasing an additional 178,714 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Performance

NYSE RBRK opened at $102.08 on Friday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $106.50. The company has a 50-day simple moving average of $79.28 and a 200 day simple moving average of $64.49. The company has a market capitalization of $21.01 billion, a PE ratio of -70.40 and a beta of 1.17.

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 during the quarter, compared to the consensus estimate of $366.31 million. The business’s revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($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. As a group, analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RBRK shares. KeyCorp increased their price objective on shares of Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Barclays boosted their target price on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Rubrik in a report on Thursday, June 11th. Robert W. Baird increased their price target on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Finally, Jefferies Financial Group set a $90.00 price target on Rubrik in a report on Friday, June 5th. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.20.

Insider Activity at Rubrik

In related news, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.00, for a total value of $54,075.00. Following the sale, the director owned 3,917 shares of the company’s stock, valued at approximately $293,775. The trade was a 15.55% 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, Director John Wendell Thompson sold 2,500 shares of Rubrik stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $74.11, for a total transaction of $185,275.00. Following the completion of the sale, the director directly owned 10,000 shares in the company, valued at $741,100. This trade represents a 20.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 317,682 shares of company stock worth $26,402,176. 13.66% of the stock is currently owned by company insiders.

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).