JPMorgan Chase & Co. Has $89.40 Million Stake in Rubrik, Inc. $RBRK

JPMorgan Chase & Co. reduced its stake in Rubrik, Inc. (NYSE:RBRK) by 17.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,086,912 shares of the company’s stock after selling 226,121 shares during the period. JPMorgan Chase & Co. owned about 0.55% of Rubrik worth $89,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RBRK. NewEdge Advisors LLC lifted its stake in Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after purchasing an additional 150 shares during the last quarter. Creative Planning lifted its stake in shares of Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after acquiring an additional 236 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Rubrik by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 588 shares of the company’s stock valued at $53,000 after acquiring an additional 239 shares in the last quarter. Bogart Wealth LLC boosted its holdings in shares of Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after acquiring an additional 243 shares in the last quarter. Finally, Allworth Financial LP grew its position in Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after acquiring an additional 268 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RBRK shares. Guggenheim set a $110.00 price target on Rubrik in a research note on Friday, December 5th. UBS Group reiterated a “buy” rating on shares of Rubrik in a report on Friday, December 5th. BMO Capital Markets reduced their target price on shares of Rubrik from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. William Blair upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating in a research report on Friday, December 5th. Finally, Piper Sandler cut their price target on shares of Rubrik from $118.00 to $99.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.74.

Rubrik Stock Performance

Shares of RBRK opened at $47.12 on Tuesday. The firm has a market cap of $9.43 billion, a PE ratio of -24.16 and a beta of 0.31. Rubrik, Inc. has a 52-week low of $46.36 and a 52-week high of $103.00. The business’s 50 day moving average price is $65.54 and its two-hundred day moving average price is $74.79.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. The business’s revenue was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Activity at Rubrik

In other news, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction dated 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 approximately $25,728,529.03. This represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $55.29, for a total transaction of $608,190.00. Following the transaction, the director directly owned 3,655 shares in the company, valued at $202,084.95. This trade represents a 75.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 256,887 shares of company stock valued at $19,276,805. 32.38% of the stock is currently owned by company insiders.

About Rubrik

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).