Rubrik, Inc. $RBRK Stake Lessened by Slow Capital Inc.

Slow Capital Inc. decreased its stake in Rubrik, Inc. (NYSE:RBRK) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,630 shares of the company’s stock after selling 4,151 shares during the period. Slow Capital Inc.’s holdings in Rubrik were worth $6,940,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Pictet Asset Management Holding SA raised its stake in Rubrik by 104.1% during the 1st 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 in the last quarter. Wellington Management Group LLP boosted its stake in Rubrik by 48.8% in the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock valued at $58,744,000 after acquiring an additional 240,062 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of Rubrik by 32.6% during the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after purchasing an additional 175,866 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Rubrik by 17.4% during the first quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock worth $34,249,000 after purchasing an additional 103,538 shares during the last quarter. Finally, Amundi grew its holdings in shares of Rubrik by 449.5% during the first quarter. Amundi now owns 561,496 shares of the company’s stock worth $27,496,000 after purchasing an additional 459,314 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rubrik news, CFO Kiran Choudary sold 6,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 958,078 shares of the company’s stock, valued at approximately $102,820,930.96. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $115.69, for a total value of $1,272,590.00. Following the completion of the transaction, the director owned 8,362 shares in the company, valued at $967,399.78. This trade represents a 56.81% 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. Insiders sold 139,583 shares of company stock valued at $13,515,814 in the last quarter. 13.66% of the stock is currently owned by insiders.

Rubrik Stock Performance

NYSE RBRK opened at $129.18 on Monday. The firm has a market cap of $26.78 billion, a PE ratio of -102.52 and a beta of 1.12. Rubrik, Inc. has a one year low of $42.25 and a one year high of $130.84. The firm’s fifty day moving average is $107.10 and its two-hundred day moving average is $83.58.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates 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 company posted ($0.03) earnings per share. Rubrik’s quarterly 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 predict that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Rubrik from $130.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, September 23rd. Stephens reissued an “overweight” rating on shares of Rubrik in a research report on Friday, August 28th. Truist Financial raised their price target on Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Mizuho lifted their price target on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Oppenheimer set a $120.00 price objective on Rubrik in a research note on Thursday, August 20th. Twenty-nine investment 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $115.56.

About Rubrik

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.