JPMorgan Chase & Co. Cuts Holdings in Rubrik, Inc. $RBRK

JPMorgan Chase & Co. lessened its position in shares of Rubrik, Inc. (NYSE:RBRK) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,086,912 shares of the company’s stock after selling 226,121 shares during the period. JPMorgan Chase & Co.’s holdings in Rubrik were worth $89,399,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Comerica Bank lifted its stake in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares in the last quarter. Royal Bank of Canada lifted its position in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after buying an additional 20,471 shares in the last quarter. NewEdge Advisors LLC grew its stake in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after buying an additional 300 shares during the period. Goldman Sachs Group Inc. grew its stake in Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after buying an additional 236,181 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Rubrik by 204.1% in the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after acquiring an additional 2,000 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Price Performance

Rubrik stock opened at $52.06 on Wednesday. Rubrik, Inc. has a 12-month low of $46.36 and a 12-month high of $103.00. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of -29.41 and a beta of 0.45. The firm’s fifty day moving average price is $58.24 and its 200 day moving average price is $71.09.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same period in the previous year, the company earned ($0.18) earnings per share. The business’s quarterly revenue was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $53.62, for a total value of $589,820.00. Following the sale, the director directly owned 4,653 shares of the company’s stock, valued at $249,493.86. This represents a 70.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $54.17, for a total transaction of $1,083,400.00. Following the transaction, the chief financial officer owned 474,959 shares in the company, valued at $25,728,529.03. This trade represents a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 103,193 shares of company stock valued at $6,556,946 over the last 90 days. 32.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Robert W. Baird cut their price objective on Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. William Blair upgraded Rubrik from a “market perform” rating to an “outperform” rating in a research note on Friday, December 5th. Finally, DA Davidson set a $70.00 target price on Rubrik in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.42.

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).