Rubrik, Inc. $RBRK Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in Rubrik, Inc. (NYSE:RBRK) by 17.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,086,912 shares of the company’s stock after selling 226,121 shares during the period. JPMorgan Chase & Co. owned approximately 0.54% of Rubrik worth $89,399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RBRK. Vanguard Group Inc. raised its stake in shares of Rubrik by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company’s stock worth $1,070,586,000 after buying an additional 993,634 shares during the last quarter. First Trust Advisors LP grew its stake in Rubrik by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 4,947,785 shares of the company’s stock valued at $406,955,000 after acquiring an additional 485,080 shares during the last quarter. Voya Investment Management LLC grew its stake in Rubrik by 18.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock valued at $293,552,000 after acquiring an additional 543,855 shares during the last quarter. Norges Bank purchased a new position in Rubrik during the 2nd quarter valued at about $219,132,000. Finally, Federated Hermes Inc. raised its position in Rubrik by 101.8% during the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after acquiring an additional 1,229,476 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $54.17, for a total transaction of $1,083,400.00. Following the completion of the transaction, the chief financial officer owned 474,959 shares of the company’s stock, valued at $25,728,529.03. This represents a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Arvind Nithrakashyap sold 4,648 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $70.40, for a total transaction of $327,219.20. Following the transaction, the chief technology officer owned 337,010 shares in the company, valued at approximately $23,725,504. The trade was a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 103,193 shares of company stock worth $6,556,946 over the last 90 days. Corporate insiders own 32.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on RBRK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research report on Monday, December 29th. DA Davidson set a $70.00 price objective on Rubrik in a research report on Friday. BMO Capital Markets lowered their target price on Rubrik from $105.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. Stephens assumed coverage on Rubrik in a research report on Monday, December 29th. They set an “overweight” rating and a $105.00 price target for the company. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $110.00 price objective on shares of Rubrik in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.42.

Rubrik Stock Up 0.8%

Shares of Rubrik stock opened at $52.06 on Wednesday. Rubrik, Inc. has a fifty-two week low of $46.36 and a fifty-two week high of $103.00. The business’s fifty day moving average is $58.24 and its two-hundred day moving average is $71.09. The firm has a market cap of $10.42 billion, a PE ratio of -29.41 and a beta of 0.45.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same period in the prior year, the firm earned ($0.18) EPS. Rubrik’s revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Rubrik 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).