Stephens Investment Management Group LLC Boosts Stock Position in Rubrik, Inc. $RBRK

Stephens Investment Management Group LLC grew its position in Rubrik, Inc. (NYSE:RBRK) by 17.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 699,389 shares of the company’s stock after purchasing an additional 103,538 shares during the period. Stephens Investment Management Group LLC’s holdings in Rubrik were worth $34,249,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pictet Asset Management Holding SA raised its holdings in shares of Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. Norges Bank acquired a new position in shares of Rubrik in the 4th quarter valued at about $345,907,000. Legal & General Group Plc boosted its stake in shares of Rubrik by 8.6% in the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after buying an additional 151,234 shares during the last quarter. LGT Fund Management Co Ltd. purchased a new stake in shares of Rubrik in the third quarter worth about $3,421,000. Finally, Washington University acquired a new stake in Rubrik during the fourth quarter worth about $3,861,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RBRK shares. Barclays lifted their price target on Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Mizuho lifted their target price on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, June 5th. DA Davidson reissued a “buy” rating and set a $90.00 price target (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. Wells Fargo & Company dropped their price target on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Scotiabank reiterated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Rubrik Price Performance

Shares of RBRK stock opened at $83.31 on Friday. The company has a market cap of $17.15 billion, a price-to-earnings ratio of -57.45 and a beta of 1.10. The stock has a 50 day simple moving average of $68.21 and a 200-day simple moving average of $62.47. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the prior year, the firm earned ($0.15) EPS. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Analysts anticipate that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rubrik news, Director Yvonne Wassenaar sold 2,838 shares of Rubrik stock in a transaction on Friday, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $212,850.00. Following the sale, the director owned 2,326 shares of the company’s stock, valued at $174,450. The trade was a 54.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71. Following the sale, the director directly owned 113,477 shares of the company’s stock, valued at $8,112,470.73. The trade was a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 281,702 shares of company stock worth $22,567,916 in the last ninety days. Company insiders own 13.66% of the company’s stock.

Rubrik 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).