Public Employees Retirement System of Ohio Trims Holdings in Rubrik, Inc. $RBRK

Public Employees Retirement System of Ohio lowered its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 49.5% in the first quarter, Holdings Channel reports. The institutional investor owned 41,603 shares of the company’s stock after selling 40,761 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Rubrik were worth $2,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp boosted its stake in Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Rubrik in the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise bought a new position in shares of Rubrik during the third quarter worth about $34,000. Los Angeles Capital Management LLC bought a new position in shares of Rubrik during the fourth quarter worth about $35,000. Finally, Comerica Bank grew its stake in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

RBRK stock opened at $72.31 on Friday. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of -49.87 and a beta of 1.10. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75. The stock’s fifty day moving average is $75.93 and its two-hundred day moving average is $62.80.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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. During the same period last year, the firm posted ($0.15) EPS. The business’s revenue was up 39.0% compared to the same quarter last year. 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, analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Insider Activity

In other news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total transaction of $909,150.00. Following the sale, the director owned 8,362 shares of the company’s stock, valued at approximately $691,119.30. The trade was a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 2,838 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $75.00, for a total value of $212,850.00. Following the transaction, the director owned 2,326 shares of the company’s stock, valued at approximately $174,450. This represents a 54.96% decrease in their ownership of the stock. 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 90 days, insiders sold 277,821 shares of company stock valued at $23,325,371. Company insiders own 13.66% of the company’s stock.

Wall Street Analyst Weigh In

RBRK has been the topic of several research reports. BTIG Research restated a “buy” rating and set a $91.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. DA Davidson reissued a “buy” rating and set a $90.00 price target (up from $70.00) on shares of Rubrik in a research report on Thursday, June 11th. Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. Finally, BMO Capital Markets lifted their price target on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.96.

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).