4,151 Rubrik, Inc. $RBRK Shares Sold by Slow Capital Inc.

Slow Capital Inc. decreased its position in Rubrik, Inc. (NYSE:RBRK) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,630 shares of the company’s stock after selling 4,151 shares during the period. Slow Capital Inc.’s holdings in Rubrik were worth $6,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pictet Asset Management Holding SA raised its holdings 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 in the last quarter. Wellington Management Group LLP lifted its position in Rubrik by 48.8% in the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock valued at $58,744,000 after purchasing an additional 240,062 shares during the period. Congress Asset Management Co. boosted its holdings in Rubrik by 32.6% in the 3rd quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock valued at $81,909,000 after purchasing an additional 175,866 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in Rubrik by 17.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock valued at $34,249,000 after purchasing an additional 103,538 shares in the last quarter. Finally, Amundi boosted its holdings in Rubrik by 449.5% in the 1st quarter. Amundi now owns 561,496 shares of the company’s stock valued at $27,496,000 after purchasing an additional 459,314 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $26,516,620.13. This trade represents a 4.19% decrease in their position. The transaction 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 Rubrik stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $74.10, for a total transaction of $815,100.00. Following the sale, the director owned 8,362 shares of the company’s stock, valued at approximately $619,624.20. The trade was a 56.81% 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. Over the last three months, insiders sold 139,583 shares of company stock valued at $13,515,814. Corporate insiders own 13.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RBRK shares. Oppenheimer set a $120.00 target price on Rubrik in a research report on Thursday, August 20th. Scotiabank reissued an “outperform” rating on shares of Rubrik in a report on Tuesday, August 25th. Wolfe Research reissued an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a report on Friday, August 28th. Truist Financial lifted their price target on Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Loop Capital assumed coverage on Rubrik in a report on Monday, August 3rd. They set a “buy” rating and a $100.00 price objective on the stock. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.56.

Rubrik Stock Up 0.3%

Shares of RBRK opened at $129.18 on Monday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $130.84. The company has a 50-day simple moving average of $107.10 and a 200-day simple moving average of $83.58. The company has a market capitalization of $26.78 billion, a PE ratio of -102.52 and a beta of 1.12.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company 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 in the prior year, the firm posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, research analysts anticipate that Rubrik, Inc. will post -1.19 EPS for the current year.

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.