Capital International Investors Reduces Stock Holdings in Rubrik, Inc. $RBRK

Capital International Investors lowered its position in Rubrik, Inc. (NYSE:RBRK) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,281,667 shares of the company’s stock after selling 40,000 shares during the quarter. Capital International Investors’ holdings in Rubrik were worth $98,022,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after buying an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. CI Investments Inc. boosted its stake in shares of Rubrik by 31.7% during the third quarter. CI Investments Inc. now owns 859 shares of the company’s stock valued at $71,000 after acquiring an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Rubrik by 24.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock valued at $94,000 after acquiring an additional 224 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after acquiring an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $71.67 on Tuesday. The firm has a market capitalization of $14.50 billion, a PE ratio of -49.43 and a beta of 1.09. The business has a 50-day moving average of $59.27 and a two-hundred day moving average of $62.58. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The business’s revenue was up 39.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.15) earnings per share. 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, research analysts anticipate that Rubrik, Inc. will post -1.45 earnings per share for the current year.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total transaction of $1,053,291.20. Following the completion of the sale, the chief technology officer directly owned 314,048 shares in the company, valued at $25,802,183.68. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.51, for a total value of $211,275.00. Following the sale, the director owned 15,000 shares of the company’s stock, valued at $1,267,650. This represents a 14.29% 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. Over the last ninety days, insiders have sold 398,939 shares of company stock valued at $27,628,167. Insiders own 13.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. DA Davidson increased their price objective on Rubrik from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Friday. BTIG Research increased their price objective on Rubrik from $76.00 to $91.00 and gave the company a “buy” rating in a research note on Friday. Rosenblatt Securities reaffirmed a “buy” rating and set a $90.00 price objective on shares of Rubrik in a research note on Monday, June 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Rubrik in a research note on Friday. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.00.

Rubrik Company 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).