Illinois Municipal Retirement Fund Has $1.58 Million Stock Holdings in Rubrik, Inc. $RBRK

Illinois Municipal Retirement Fund boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 95.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,156 shares of the company’s stock after purchasing an additional 9,377 shares during the period. Illinois Municipal Retirement Fund’s holdings in Rubrik were worth $1,576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio increased its holdings in Rubrik by 90.8% during the 3rd quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after purchasing an additional 29,649 shares in the last quarter. GGM Financials LLC acquired a new stake in shares of Rubrik in the second quarter valued at $8,108,000. WCM Investment Management LLC acquired a new position in Rubrik during the 3rd quarter worth about $4,717,000. Truist Financial Corp lifted its position in Rubrik by 1,228.3% during the 3rd quarter. Truist Financial Corp now owns 40,752 shares of the company’s stock valued at $3,352,000 after purchasing an additional 37,684 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its stake in Rubrik by 471.4% in the third quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock valued at $4,181,000 after acquiring an additional 41,756 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RBRK has been the subject of several recent research reports. Berenberg Bank initiated coverage on shares of Rubrik in a report on Tuesday, November 18th. They set a “buy” rating and a $114.00 target price for the company. Wedbush restated an “outperform” rating and set a $120.00 price objective on shares of Rubrik in a report on Friday, December 5th. Piper Sandler lowered their price objective on Rubrik from $118.00 to $99.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Finally, Citigroup reiterated a “buy” rating on shares of Rubrik in a research report on Monday, January 12th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $106.94.

Rubrik Trading Down 2.0%

Rubrik stock opened at $53.44 on Wednesday. The firm’s fifty day moving average price is $68.20 and its two-hundred day moving average price is $75.89. Rubrik, Inc. has a 1-year low of $47.35 and a 1-year high of $103.00. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of -27.41 and a beta of 0.31.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million for the quarter, compared to the consensus estimate of $320.19 million. During the same quarter last year, the business posted ($0.21) earnings per share. The business’s revenue was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Activity at Rubrik

In other news, Director John Wendell Thompson sold 2,500 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $55.30, for a total value of $138,250.00. Following the completion of the transaction, the director directly owned 25,998 shares in the company, valued at approximately $1,437,689.40. This represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 20,000 shares of Rubrik stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $67.66, for a total value of $1,353,200.00. Following the sale, the chief financial officer owned 489,959 shares in the company, valued at $33,150,625.94. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 236,887 shares of company stock valued at $18,193,405. 32.38% of the stock is currently owned by insiders.

About Rubrik

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).