Rhumbline Advisers Buys 94,505 Shares of Rubrik, Inc. $RBRK

Rhumbline Advisers boosted its stake in Rubrik, Inc. (NYSE:RBRK) by 3,171.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,485 shares of the company’s stock after buying an additional 94,505 shares during the quarter. Rhumbline Advisers owned approximately 0.05% of Rubrik worth $8,734,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RBRK. Allworth Financial LP raised its holdings in shares of Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after purchasing an additional 268 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in Rubrik in the 2nd quarter worth about $27,000. Beacon Capital Management LLC bought a new stake in Rubrik in the 2nd quarter worth about $29,000. PNC Financial Services Group Inc. purchased a new stake in Rubrik in the 1st quarter valued at about $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Rubrik during the 1st quarter worth approximately $31,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Down 0.8%

Shares of NYSE:RBRK opened at $68.73 on Tuesday. The firm has a market capitalization of $13.57 billion, a PE ratio of -29.37 and a beta of 0.33. Rubrik, Inc. has a twelve month low of $47.35 and a twelve month high of $103.00. The company has a 50-day moving average price of $76.01 and a two-hundred day moving average price of $83.93.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results 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. The business’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same period last year, the firm earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. Analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the subject of several recent analyst reports. Oppenheimer assumed coverage on Rubrik in a report on Monday, November 17th. They issued a “market perform” rating for the company. FBN Securities reissued an “outperform” rating on shares of Rubrik in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research report on Tuesday, November 25th. Wall Street Zen cut Rubrik from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Rosenblatt Securities increased their price target on shares of Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Eighteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.69.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 9,009 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $75.45, for a total value of $679,729.05. Following the completion of the transaction, the director directly owned 998 shares of the company’s stock, valued at $75,299.10. This trade represents a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $69.46, for a total value of $243,110.00. Following the sale, the chief financial officer owned 509,051 shares in the company, valued at approximately $35,358,682.46. The trade was a 0.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 110,457 shares of company stock worth $8,467,417 over the last 90 days. Corporate insiders own 32.38% of the company’s stock.

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.