Rubrik, Inc. $RBRK Stock Position Trimmed by Alps Advisors Inc.

Alps Advisors Inc. lessened its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 21.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,660 shares of the company’s stock after selling 7,447 shares during the quarter. Alps Advisors Inc.’s holdings in Rubrik were worth $3,166,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Congress Asset Management Co. boosted its holdings 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. Assenagon Asset Management S.A. grew its position in shares of Rubrik by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock valued at $22,514,000 after purchasing an additional 28,056 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Rubrik by 36.6% during the first quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock worth $4,262,000 after purchasing an additional 23,320 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Rubrik by 37.5% during the first quarter. The Manufacturers Life Insurance Company now owns 57,372 shares of the company’s stock worth $2,810,000 after purchasing an additional 15,643 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in Rubrik by 35.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 44,400 shares of the company’s stock worth $3,564,000 after purchasing an additional 11,600 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RBRK shares. Scotiabank restated an “outperform” rating on shares of Rubrik in a research note on Tuesday, August 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. Truist Financial lifted their target price on Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. DA Davidson boosted their target price on shares of Rubrik from $90.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Finally, Wedbush boosted their target price on shares of Rubrik from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, October 26th. Thirty research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.04.

Rubrik Trading Up 5.0%

NYSE RBRK opened at $111.00 on Tuesday. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $139.92. The company has a 50 day moving average of $112.18 and a 200-day moving average of $78.11. The company has a market cap of $23.01 billion, a price-to-earnings ratio of -88.09 and a beta of 1.08.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results 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 the consensus estimate of $396.30 million. The company’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the firm posted ($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. On average, equities research analysts forecast that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In other news, Director John Thompson sold 11,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the completion of the sale, the director directly owned 8,362 shares in the company, valued at approximately $967,399.78. This represents a 56.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 10,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.32, for a total value of $983,200.00. Following the sale, the chief financial officer owned 978,073 shares of the company’s stock, valued at approximately $96,164,137.36. The trade was a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 139,583 shares of company stock valued at $15,125,212 in the last three months. Corporate insiders own 13.66% of the company’s stock.

Rubrik Profile

Rubrik, Inc is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents.

The company’s Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.

Founded in 2014, Rubrik serves organizations in multiple industries and geographies.