Rubrik, Inc. $RBRK Stock Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in Rubrik, Inc. (NYSE:RBRK) by 34.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,543,486 shares of the company’s stock after selling 824,795 shares during the quarter. Pictet Asset Management Holding SA owned 0.74% of Rubrik worth $176,695,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RBRK. V Square Quantitative Management LLC bought a new position in shares of Rubrik in the third quarter worth approximately $27,000. Essential Partners LLC raised its holdings in Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after buying an additional 284 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Rubrik during the 1st quarter valued at $46,000. Markowski Investments purchased a new stake in Rubrik during the 2nd quarter valued at $48,000. Finally, CoreCap Advisors LLC boosted its position in Rubrik by 268.2% during the 3rd quarter. CoreCap Advisors LLC now owns 545 shares of the company’s stock valued at $62,000 after buying an additional 397 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insiders Place Their Bets

In other news, Director John Thompson sold 11,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the sale, the director owned 8,362 shares in the company, valued at approximately $967,399.78. The trade was a 56.81% decrease in their position. The sale 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, CFO Kiran Choudary sold 10,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00. Following the completion of the sale, the chief financial officer directly owned 978,073 shares in the company, valued at $96,164,137.36. This represents a 1.01% 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 90 days, insiders sold 139,583 shares of company stock worth $15,125,212. 13.66% of the stock is owned by corporate insiders.

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $105.78 on Monday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $139.92. The firm has a market capitalization of $21.93 billion, a P/E ratio of -83.95 and a beta of 1.08. The stock has a 50 day moving average price of $111.82 and a 200-day moving average price of $77.87.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The company’s revenue for the quarter was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, equities analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Analyst Ratings Changes

RBRK has been the topic of a number of recent analyst reports. BTIG Research raised their price target on shares of Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Morgan Stanley started coverage on shares of Rubrik in a research note on Thursday, October 29th. They set an “overweight” rating and a $155.00 price objective for the company. Wedbush increased their target price on shares of Rubrik from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, October 26th. Piper Sandler increased their target price on shares of Rubrik from $91.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Finally, KeyCorp raised their target price on Rubrik from $112.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Thirty investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and an average target price of $118.04.

Rubrik Profile

Rubrik, Inc is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents.

The company’s Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.

Founded in 2014, Rubrik serves organizations in multiple industries and geographies.