The Manufacturers Life Insurance Company Raises Position in Rubrik, Inc. $RBRK

The Manufacturers Life Insurance Company increased its stake in Rubrik, Inc. (NYSE:RBRK) by 37.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,372 shares of the company’s stock after purchasing an additional 15,643 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Rubrik were worth $2,810,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp increased its position in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Rubrik during the 3rd quarter worth $34,000. Triumph Capital Management bought a new position in shares of Rubrik during the 4th quarter worth $33,000. Los Angeles Capital Management LLC bought a new stake in Rubrik in the 4th quarter valued at about $35,000. Finally, Advocate Investing Services LLC bought a new stake in Rubrik in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RBRK shares. Barclays increased their target price on shares of Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. BMO Capital Markets upped their price target on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Guggenheim reaffirmed a “buy” rating on shares of Rubrik in a report on Friday, June 5th. KeyCorp lifted their price objective on shares of Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, DA Davidson reissued a “buy” rating and set a $90.00 target price (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average price target of $94.20.

Rubrik Stock Up 6.4%

Shares of RBRK opened at $90.02 on Friday. The business’s 50-day moving average price is $77.24 and its 200-day moving average price is $63.28. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $99.75. The stock has a market cap of $18.53 billion, a PE ratio of -62.08 and a beta of 1.17.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. Rubrik’s revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the business posted ($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. Analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Insider Activity

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total value of $1,073,162.20. Following the completion of the transaction, the chief technology officer directly owned 293,293 shares of the company’s stock, valued at $24,551,557.03. This trade represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $83.10, for a total transaction of $330,654.90. Following the transaction, the director owned 125,351 shares of the company’s stock, valued at $10,416,668.10. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 317,682 shares of company stock valued at $26,402,176. 13.66% of the stock is owned by company insiders.

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).