Rubrik, Inc. $RBRK Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in Rubrik, Inc. (NYSE:RBRK) by 30.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,800 shares of the company’s stock after buying an additional 7,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Rubrik were worth $2,509,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RBRK. EverSource Wealth Advisors LLC grew its stake in shares of Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after buying an additional 340 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Rubrik in the third quarter valued at about $31,000. Atlantic Union Bankshares Corp grew its stake in shares of Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Guerra Advisors Inc acquired a new stake in shares of Rubrik in the third quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Rubrik in the third quarter valued at about $34,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of RBRK opened at $66.52 on Monday. The company has a market capitalization of $13.46 billion, a P/E ratio of -37.58 and a beta of 0.63. Rubrik, Inc. has a one year low of $42.25 and a one year high of $103.00. The stock has a 50-day moving average price of $54.05 and a 200 day moving average price of $62.42.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. The company’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, equities research analysts forecast that Rubrik, Inc. will post -1.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark D. Mclaughlin bought 10,638 shares of Rubrik stock in a transaction on Monday, March 30th. The shares were bought at an average price of $47.21 per share, with a total value of $502,219.98. Following the acquisition, the director directly owned 13,639 shares in the company, valued at approximately $643,897.19. This represents a 354.48% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the transaction, the director directly owned 4,653 shares in the company, valued at approximately $258,148.44. This represents a 70.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 183,113 shares of company stock valued at $9,076,797 in the last quarter. Insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

RBRK has been the subject of a number of analyst reports. Wedbush reduced their price target on Rubrik from $120.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, March 13th. Rosenblatt Securities reduced their price target on Rubrik from $120.00 to $95.00 and set a “buy” rating for the company in a report on Monday, March 9th. Oppenheimer raised Rubrik from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a report on Wednesday, May 20th. Robert W. Baird reduced their price target on Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Finally, Wolfe Research initiated coverage on Rubrik in a report on Friday, May 1st. They issued an “outperform” rating and a $70.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.32.

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).