Rubrik, Inc. $RBRK Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Rubrik, Inc. (NYSE:RBRK) by 160.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 82,139 shares of the company’s stock after purchasing an additional 50,633 shares during the quarter. Quantinno Capital Management LP’s holdings in Rubrik were worth $4,022,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Rubrik during the 4th quarter worth about $345,907,000. First Trust Advisors LP raised its position in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after acquiring an additional 2,116,272 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in 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. Vanguard Group Inc. lifted its stake in Rubrik by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Rubrik in the third quarter valued at approximately $97,828,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on RBRK shares. UBS Group reissued a “buy” rating on shares of Rubrik in a report on Monday, June 1st. KeyCorp increased their target price on shares of Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Scotiabank reiterated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Citigroup upped their price objective on shares of Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Rubrik in a report on Thursday, June 11th. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.20.

Rubrik Stock Performance

Shares of Rubrik stock opened at $90.02 on Friday. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75. The company has a market capitalization of $18.53 billion, a P/E ratio of -62.08 and a beta of 1.17. The company’s fifty day moving average is $77.24 and its two-hundred day moving average is $63.28.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the previous year, the company posted ($0.15) earnings per share. Rubrik’s quarterly revenue 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. As a group, equities analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Insider Buying and Selling

In other Rubrik news, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the transaction, the director directly owned 125,351 shares in the company, valued at approximately $10,416,668.10. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.00, for a total value of $54,075.00. Following the completion of the transaction, the director directly owned 3,917 shares in the company, valued at approximately $293,775. The trade was a 15.55% 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 sold 317,682 shares of company stock valued at $26,402,176 in the last quarter. 13.66% 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).