Pathway Capital Management LP Invests $57.62 Million in Rubrik, Inc. $RBRK

Pathway Capital Management LP acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 643,199 shares of the company’s stock, valued at approximately $57,624,000. Rubrik makes up about 63.1% of Pathway Capital Management LP’s investment portfolio, making the stock its biggest holding. Pathway Capital Management LP owned approximately 0.33% of Rubrik as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ST Germain D J Co. Inc. acquired a new stake in shares of Rubrik during the 2nd quarter worth approximately $27,000. Beacon Capital Management LLC acquired a new stake in shares of Rubrik during the 2nd quarter worth approximately $29,000. PNC Financial Services Group Inc. acquired a new stake in shares of Rubrik during the 1st quarter worth approximately $30,000. Summit Securities Group LLC acquired a new stake in shares of Rubrik during the 1st quarter worth approximately $31,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Rubrik during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

RBRK has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Rubrik in a report on Wednesday, October 8th. Rosenblatt Securities boosted their price target on Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Barclays boosted their price target on Rubrik from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. KeyCorp boosted their price target on Rubrik from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Finally, FBN Securities reaffirmed an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and an average target price of $108.67.

Insiders Place Their Bets

In other Rubrik news, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $87.83, for a total value of $791,260.47. Following the completion of the transaction, the director owned 998 shares in the company, valued at approximately $87,654.34. The trade was a 90.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $489,711.79. Following the completion of the transaction, the chief financial officer 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 112,957 shares of company stock worth $9,021,374. 32.38% of the stock is owned by company insiders.

Rubrik Stock Performance

Shares of RBRK opened at $71.07 on Friday. The stock has a fifty day moving average price of $82.07 and a two-hundred day moving average price of $83.70. Rubrik, Inc. has a 52-week low of $40.98 and a 52-week high of $103.00. The company has a market cap of $14.03 billion, a price-to-earnings ratio of -30.37 and a beta of 0.24.

Rubrik (NYSE:RBRK) last issued 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 business had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.25 million. During the same quarter in the previous year, the firm 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. As a group, research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Rubrik Company Profile

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.