Wellington Management Group LLP Has $58.74 Million Stock Position in Rubrik, Inc. $RBRK

Wellington Management Group LLP increased its stake in Rubrik, Inc. (NYSE:RBRK) by 48.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 731,736 shares of the company’s stock after buying an additional 240,062 shares during the quarter. Wellington Management Group LLP’s holdings in Rubrik were worth $58,744,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its position in shares of Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after buying an additional 1,696,342 shares during the last quarter. Norges Bank bought a new position in Rubrik during the fourth quarter worth $345,907,000. Legal & General Group Plc increased its holdings in shares of Rubrik by 8.6% in the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after purchasing an additional 151,234 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Rubrik by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock valued at $22,514,000 after purchasing an additional 28,056 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of Rubrik by 47.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock worth $45,571,000 after buying an additional 191,738 shares during the period. 49.54% of the stock is owned by institutional investors.

Insider Activity at Rubrik

In related news, CFO Kiran Choudary sold 10,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $89.52, for a total transaction of $64,543.92. Following the completion of the transaction, the director directly owned 3,709 shares in the company, valued at $332,029.68. This trade represents a 16.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 112,577 shares of company stock worth $9,376,785 in the last 90 days. Corporate insiders own 13.66% of the company’s stock.

Rubrik Stock Performance

NYSE:RBRK opened at $92.15 on Friday. The company has a market cap of $18.97 billion, a price-to-earnings ratio of -73.13 and a beta of 1.24. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $107.91. The stock has a fifty day moving average price of $86.36 and a 200-day moving average price of $68.52.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. During the same quarter in the previous year, the business posted ($0.03) EPS. 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. Research analysts predict that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Analysts Set New Price Targets

RBRK has been the topic of several research analyst reports. KeyCorp increased their price target on shares of Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $120.00 price target on shares of Rubrik in a report on Friday, August 28th. Wolfe Research reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Citigroup lifted their target price on Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, DA Davidson raised their price target on shares of Rubrik from $90.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.15.

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).