Strs Ohio Acquires 29,649 Shares of Rubrik, Inc. $RBRK

Strs Ohio increased its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 90.8% during the third quarter, HoldingsChannel reports. The fund owned 62,300 shares of the company’s stock after acquiring an additional 29,649 shares during the quarter. Strs Ohio’s holdings in Rubrik were worth $5,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Comerica Bank increased its position in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares during the period. Royal Bank of Canada grew its position in Rubrik by 231.3% in the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after acquiring an additional 20,471 shares during the period. NewEdge Advisors LLC raised its stake in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after acquiring an additional 300 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after purchasing an additional 2,000 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Monday, December 29th. Berenberg Bank began coverage on shares of Rubrik in a research report on Tuesday, November 18th. They set a “buy” rating and a $114.00 price target on the stock. Rosenblatt Securities increased their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Stephens initiated coverage on shares of Rubrik in a research note on Monday, December 29th. They issued an “overweight” rating and a $105.00 target price for the company. Finally, Mizuho upgraded shares of Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 target price on the stock in a research report on Monday, November 17th. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.18.

Rubrik Stock Up 4.1%

Shares of RBRK stock opened at $68.39 on Tuesday. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of -35.07 and a beta of 0.27. Rubrik, Inc. has a 12-month low of $47.35 and a 12-month high of $103.00. The firm has a fifty day moving average of $73.89 and a 200-day moving average of $79.57.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. The firm’s revenue was up 48.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity at Rubrik

In other news, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $73.84, for a total value of $812,240.00. Following the completion of the transaction, the director owned 2,702 shares in the company, valued at $199,515.68. This represents a 80.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 4,648 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $70.40, for a total transaction of $327,219.20. Following the sale, the chief technology officer directly owned 337,010 shares of the company’s stock, valued at $23,725,504. This represents a 1.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 249,396 shares of company stock valued at $19,381,819. Corporate insiders own 32.38% of the company’s stock.

Rubrik Company 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).