Rubrik, Inc. $RBRK Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in Rubrik, Inc. (NYSE:RBRK) by 36.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,735 shares of the company’s stock after selling 2,162 shares during the period. ProShare Advisors LLC’s holdings in Rubrik were worth $335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RBRK. ST Germain D J Co. Inc. acquired a new position in Rubrik in the second quarter valued at approximately $27,000. Beacon Capital Management LLC acquired a new position in shares of Rubrik in the 2nd quarter valued at $29,000. Catalyst Capital Advisors LLC purchased a new position in shares of Rubrik during the 2nd quarter worth $36,000. PNC Financial Services Group Inc. acquired a new stake in shares of Rubrik during the 1st quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new stake in Rubrik in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 6,599 shares of Rubrik stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $489,711.79. Following the completion of the sale, the chief financial officer directly owned 516,184 shares of the company’s stock, valued at approximately $38,306,014.64. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 12,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $87.84, for a total transaction of $1,098,000.00. Following the transaction, the executive owned 406,052 shares of the company’s stock, valued at approximately $35,667,607.68. The trade was a 2.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 131,966 shares of company stock worth $10,356,678. Insiders own 32.38% of the company’s stock.

Rubrik Trading Down 1.6%

Shares of NYSE RBRK opened at $66.60 on Friday. The stock has a market cap of $13.15 billion, a P/E ratio of -28.46 and a beta of 0.20. The business’s fifty day simple moving average is $77.05 and its 200-day simple moving average is $84.31. Rubrik, Inc. has a 12-month low of $47.35 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million during the quarter, compared to analysts’ expectations of $282.25 million. During the same quarter in the previous year, the business posted ($0.40) EPS. The business’s quarterly revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, equities analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on RBRK. Wall Street Zen lowered shares of Rubrik from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. FBN Securities restated an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. CIBC raised their price target on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a research report on Thursday, September 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 price objective on shares of Rubrik in a report on Wednesday, September 10th. Finally, Rosenblatt Securities increased their target price on Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Eighteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.69.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.