48,650 Shares in Rubrik, Inc. $RBRK Bought by CenterBook Partners LP

CenterBook Partners LP bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 48,650 shares of the company’s stock, valued at approximately $5,569,000.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. lifted its position in Rubrik by 2.4% during the third quarter. SBI Securities Co. Ltd. now owns 5,457 shares of the company’s stock worth $625,000 after buying an additional 128 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Rubrik in the 3rd quarter valued at $27,000. Motley Fool Asset Management LLC increased its stake in shares of Rubrik by 8.3% in the 3rd quarter. Motley Fool Asset Management LLC now owns 3,218 shares of the company’s stock worth $368,000 after acquiring an additional 246 shares during the last quarter. Essential Partners LLC increased its stake in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after acquiring an additional 284 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Rubrik by 54.6% during the 2nd quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock worth $74,000 after acquiring an additional 327 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wedbush upped their price objective on shares of Rubrik from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, October 26th. Piper Sandler raised their price objective on shares of Rubrik from $91.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Guggenheim lifted their target price on shares of Rubrik from $110.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Oppenheimer set a $120.00 target price on shares of Rubrik in a report on Thursday, August 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $120.00 price target on shares of Rubrik in a research note on Friday, August 28th. Thirty analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.04.

Rubrik Stock Performance

Shares of NYSE RBRK traded up $0.04 during mid-day trading on Friday, reaching $105.78. 3,331,429 shares of the company’s stock were exchanged, compared to its average volume of 3,102,482. The company’s 50-day moving average is $111.82 and its 200-day moving average is $77.87. The firm has a market capitalization of $21.93 billion, a price-to-earnings ratio of -83.95 and a beta of 1.08. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $139.92.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The firm’s quarterly revenue was up 43.9% on a year-over-year basis. 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 predict that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $116.61, for a total transaction of $84,075.81. Following the transaction, the director directly owned 2,988 shares in the company, valued at $348,430.68. This represents a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $118.08, for a total value of $1,513,785.60. Following the transaction, the chief technology officer owned 272,538 shares of the company’s stock, valued at approximately $32,181,287.04. This represents a 4.49% decrease in their ownership of the stock. 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 139,583 shares of company stock valued at $15,125,212 over the last quarter. 13.66% of the stock is owned by company insiders.

Rubrik Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.