Rubrik, Inc. $RBRK Stock Holdings Boosted by Congress Asset Management Co.

Congress Asset Management Co. raised its position in shares of Rubrik, Inc. (NYSE:RBRK) by 32.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 715,550 shares of the company’s stock after purchasing an additional 175,866 shares during the period. Congress Asset Management Co. owned 0.35% of Rubrik worth $81,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of RBRK. Pictet Asset Management Holding SA boosted its holdings 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 worth $162,572,000 after acquiring an additional 1,696,342 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Rubrik by 11.1% during the 2nd 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. Stephens Investment Management Group LLC raised its stake in shares of Rubrik by 17.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock valued at $34,249,000 after purchasing an additional 103,538 shares during the period. Cetera Investment Advisers lifted its holdings in Rubrik by 36.6% during the 1st quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock worth $4,262,000 after purchasing an additional 23,320 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Rubrik by 37.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 57,372 shares of the company’s stock worth $2,810,000 after purchasing an additional 15,643 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $90.41, for a total value of $1,159,056.20. Following the completion of the transaction, the chief technology officer owned 293,293 shares of the company’s stock, valued at $26,516,620.13. The trade was a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 6,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $107.32, for a total transaction of $643,920.00. Following the completion of the transaction, the chief financial officer directly owned 958,078 shares in the company, valued at $102,820,930.96. The trade was a 0.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 130,742 shares of company stock valued at $11,767,065. Company insiders own 13.66% of the company’s stock.

Rubrik Price Performance

NYSE RBRK traded up $3.25 during trading on Tuesday, reaching $125.93. The company’s stock had a trading volume of 2,574,401 shares, compared to its average volume of 3,703,394. The stock has a market capitalization of $26.10 billion, a PE ratio of -99.94 and a beta of 1.12. The firm has a fifty day moving average of $97.59 and a 200 day moving average of $76.62. Rubrik, Inc. has a one year low of $42.25 and a one year high of $127.90.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share 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 analysts’ expectations of $396.30 million. During the same period in the previous year, the business earned ($0.03) EPS. The business’s revenue 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 expect that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RBRK shares. BTIG Research lifted their target price on Rubrik from $109.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 28th. DA Davidson increased their price target on shares of Rubrik from $90.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Barclays raised their price objective on shares of Rubrik from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Wolfe Research reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Rubrik in a research note on Friday, August 28th. Finally, BMO Capital Markets upped their target price on shares of Rubrik from $98.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and an average target price of $114.42.

Rubrik Profile

Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.

The company’s primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.