Jain Global LLC Has $11.13 Million Holdings in Rubrik, Inc. $RBRK

Jain Global LLC increased its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 1,389.0% during the third quarter, Holdings Channel.com reports. The fund owned 135,309 shares of the company’s stock after purchasing an additional 126,222 shares during the quarter. Jain Global LLC’s holdings in Rubrik were worth $11,129,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Rubrik by 8.3% during the third quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company’s stock worth $1,070,586,000 after purchasing an additional 993,634 shares during the period. First Trust Advisors LP boosted its stake in shares of Rubrik by 10.9% in the third quarter. First Trust Advisors LP now owns 4,947,785 shares of the company’s stock valued at $406,955,000 after buying an additional 485,080 shares during the period. Voya Investment Management LLC boosted its stake in shares of Rubrik by 18.0% in the third quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock valued at $293,552,000 after buying an additional 543,855 shares during the period. Norges Bank acquired a new stake in Rubrik during the second quarter worth approximately $219,132,000. Finally, Federated Hermes Inc. grew its position in Rubrik by 101.8% during the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after buying an additional 1,229,476 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Insider Transactions at Rubrik

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $70.88, for a total value of $708,800.00. Following the completion of the transaction, the insider directly owned 330,772 shares in the company, valued at approximately $23,445,119.36. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $54.17, for a total value of $1,083,400.00. Following the completion of the transaction, the chief financial officer owned 474,959 shares of the company’s stock, valued at $25,728,529.03. This represents a 4.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 146,219 shares of company stock worth $9,834,982. Insiders own 32.38% of the company’s stock.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $51.60 on Tuesday. The company has a market cap of $10.33 billion, a price-to-earnings ratio of -29.15 and a beta of 0.46. The firm has a 50 day simple moving average of $58.70 and a 200 day simple moving average of $71.36. Rubrik, Inc. has a one year low of $46.36 and a one year high of $103.00.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on RBRK. Robert W. Baird dropped their price objective on Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, March 6th. The Goldman Sachs Group reduced their target price on Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, February 9th. DA Davidson set a $70.00 price target on Rubrik in a research report on Friday. Mizuho dropped their price target on Rubrik from $97.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Finally, Cantor Fitzgerald cut their price objective on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average price target of $90.42.

Rubrik Company 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).