Rubrik, Inc. $RBRK Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in Rubrik, Inc. (NYSE:RBRK) by 32.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,015 shares of the company’s stock after selling 26,272 shares during the period. Vontobel Holding Ltd.’s holdings in Rubrik were worth $6,183,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Aspiriant LLC acquired a new stake in Rubrik during the third quarter worth $268,000. SLT Holdings LLC raised its position in Rubrik by 13.6% in the third quarter. SLT Holdings LLC now owns 5,000 shares of the company’s stock valued at $572,000 after purchasing an additional 600 shares during the period. V Square Quantitative Management LLC purchased a new stake in Rubrik in the third quarter valued at $27,000. Curated Wealth Partners LLC purchased a new stake in Rubrik in the third quarter valued at $1,153,000. Finally, Krilogy Financial LLC lifted its stake in shares of Rubrik by 2.7% in the 3rd quarter. Krilogy Financial LLC now owns 17,804 shares of the company’s stock valued at $2,137,000 after purchasing an additional 471 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Stock Performance

Rubrik stock opened at $112.10 on Friday. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $127.90. The firm has a 50 day moving average price of $105.11 and a 200 day moving average price of $80.89. The company has a market capitalization of $23.24 billion, a PE ratio of -88.97 and a beta of 1.12.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The firm 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 firm earned ($0.03) EPS. The firm’s revenue for the quarter was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities research analysts forecast that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

RBRK has been the topic of several recent analyst reports. Oppenheimer set a $120.00 price target on Rubrik in a research note on Thursday, August 20th. Wedbush began coverage on Rubrik in a research report on Friday, September 11th. They set an “outperform” rating and a $120.00 price objective for the company. Scotiabank restated an “outperform” rating on shares of Rubrik in a report on Tuesday, August 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research report on Monday, September 21st. Finally, KeyCorp upped their target price on shares of Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.42.

Insider Transactions at Rubrik

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $124.14, for a total value of $1,591,474.80. Following the sale, the chief technology officer owned 272,538 shares in the company, valued at approximately $33,832,867.32. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $119.00, for a total value of $85,799.00. Following the completion of the sale, the director owned 2,988 shares in the company, valued at $355,572. This represents a 19.44% decrease in their position. 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. Over the last three months, insiders sold 139,583 shares of company stock valued at $13,515,814. Corporate insiders own 13.66% of the company’s stock.

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.