Rubrik, Inc. $RBRK Stock Position Decreased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its holdings in Rubrik, Inc. (NYSE:RBRK) by 32.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,015 shares of the company’s stock after selling 26,272 shares during the period. Vontobel Holding Ltd.’s holdings in Rubrik were worth $6,183,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA boosted its position in Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after buying an additional 1,696,342 shares during the period. SG Americas Securities LLC increased its position in shares of Rubrik by 1,284.7% during the first quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company’s stock worth $57,358,000 after acquiring an additional 1,086,697 shares during the period. Wellington Management Group LLP increased its position in shares of Rubrik by 48.8% during the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock worth $58,744,000 after acquiring an additional 240,062 shares during the period. Congress Asset Management Co. increased its position in shares of Rubrik by 32.6% during the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after acquiring an additional 175,866 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in shares of Rubrik by 17.4% in the first quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock valued at $34,249,000 after acquiring an additional 103,538 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Price Performance

NYSE:RBRK opened at $112.10 on Friday. The firm has a market capitalization of $23.24 billion, a PE ratio of -88.97 and a beta of 1.12. The business’s fifty day moving average price is $105.11 and its 200 day moving average price is $80.89. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $127.90.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. The firm’s quarterly revenue was up 43.9% on a year-over-year basis. During the same period last year, the firm earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities analysts anticipate that Rubrik, Inc. will post -1.19 EPS for the current year.

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the sale, the chief technology officer owned 293,293 shares of the company’s stock, valued at approximately $26,516,620.13. This trade represents a 4.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Thompson sold 11,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $74.10, for a total value of $815,100.00. Following the sale, the director directly owned 8,362 shares in the company, valued at $619,624.20. This trade represents a 56.81% 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. In the last 90 days, insiders have sold 139,583 shares of company stock worth $13,515,814. 13.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RBRK. Cantor Fitzgerald reiterated an “overweight” rating and issued a $120.00 target price on shares of Rubrik in a report on Friday, August 28th. DA Davidson boosted their target price on Rubrik from $90.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a report on Monday, September 21st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. Finally, Guggenheim increased their price target on Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, August 24th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.42.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.

The company’s primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.