Teacher Retirement System of Texas Acquires 178,208 Shares of Rubrik, Inc. $RBRK

Teacher Retirement System of Texas grew its holdings in Rubrik, Inc. (NYSE:RBRK) by 20.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,032,463 shares of the company’s stock after purchasing an additional 178,208 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.53% of Rubrik worth $92,498,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ST Germain D J Co. Inc. bought a new stake in shares of Rubrik in the 2nd quarter valued at about $27,000. Beacon Capital Management LLC bought a new stake in shares of Rubrik in the 2nd quarter valued at about $29,000. Catalyst Capital Advisors LLC bought a new stake in shares of Rubrik in the 2nd quarter valued at about $36,000. PNC Financial Services Group Inc. bought a new stake in shares of Rubrik in the 1st quarter valued at about $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of Rubrik in the 1st quarter valued at about $31,000. Institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RBRK. Barclays boosted their price target on shares of Rubrik from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Wedbush reiterated an “outperform” rating and set a $120.00 price objective on shares of Rubrik in a research note on Thursday, September 11th. FBN Securities reiterated an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $115.00 price objective on shares of Rubrik in a research note on Wednesday, September 10th. Finally, KeyCorp boosted their price objective on shares of Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.67.

Rubrik Trading Up 0.2%

Shares of Rubrik stock opened at $77.04 on Monday. Rubrik, Inc. has a 12-month low of $39.11 and a 12-month high of $103.00. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of -32.92 and a beta of 0.24. The firm’s 50 day simple moving average is $82.93 and its two-hundred day simple moving average is $83.46.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to analyst estimates of $282.25 million. During the same quarter in the previous year, the company posted ($0.40) EPS. The company’s revenue for the quarter 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, sell-side analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Activity at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $87.29, for a total transaction of $1,091,125.00. Following the transaction, the executive owned 418,552 shares in the company, valued at approximately $36,535,404.08. This represents a 2.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the transaction, the chief technology officer owned 333,528 shares in the company, valued at $24,751,112.88. The trade was a 10.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,466 shares of company stock worth $10,898,894. 32.38% of the stock is owned by company insiders.

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.