Rubrik, Inc. $RBRK Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in Rubrik, Inc. (NYSE:RBRK) by 160.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,139 shares of the company’s stock after acquiring an additional 50,633 shares during the quarter. Quantinno Capital Management LP’s holdings in Rubrik were worth $4,022,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after purchasing an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp grew 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 purchasing an additional 200 shares in the last quarter. Creative Planning grew its position in shares of Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Rubrik by 9.2% in the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after purchasing an additional 282 shares during the last quarter. Finally, Eventide Asset Management LLC increased its holdings in shares of Rubrik by 2.7% in the fourth quarter. Eventide Asset Management LLC now owns 11,426 shares of the company’s stock valued at $877,000 after purchasing an additional 304 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Up 6.4%

RBRK opened at $90.02 on Friday. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The business has a fifty day simple moving average of $77.24 and a 200-day simple moving average of $63.28. The firm has a market cap of $18.53 billion, a P/E ratio of -62.08 and a beta of 1.17.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. Rubrik’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period in the previous 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. Sell-side analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the sale, the chief technology officer owned 293,293 shares in the company, valued at $24,551,557.03. This represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of Rubrik stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $74.11, for a total value of $185,275.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at $741,100. The trade was a 20.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 317,682 shares of company stock valued at $26,402,176 in the last three months. 13.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RBRK. Barclays boosted their price objective on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Guggenheim reiterated a “buy” rating on shares of Rubrik in a report on Friday, June 5th. BTIG Research reissued a “buy” rating and issued a $91.00 price objective on shares of Rubrik in a report on Thursday, June 11th. Citigroup upped their price objective on shares of Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a report on Friday, June 5th. Finally, Mizuho raised their price objective on shares of Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.20.

About Rubrik

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).