Rubrik, Inc. $RBRK Stock Position Raised by ING Groep NV

ING Groep NV lifted its position in Rubrik, Inc. (NYSE:RBRK) by 31.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,600 shares of the company’s stock after acquiring an additional 13,000 shares during the quarter. ING Groep NV’s holdings in Rubrik were worth $4,176,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after acquiring an additional 340 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Rubrik during the third quarter worth approximately $31,000. Atlantic Union Bankshares Corp boosted its holdings in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Rubrik during the third quarter worth approximately $34,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Rubrik during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Stock Down 2.4%

NYSE RBRK opened at $71.67 on Tuesday. The stock has a market capitalization of $14.50 billion, a PE ratio of -49.43 and a beta of 1.09. The company has a 50 day moving average price of $59.27 and a two-hundred day moving average price of $62.58. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same period in the prior year, the business earned ($0.15) EPS. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, equities analysts anticipate that Rubrik, Inc. will post -1.45 EPS for the current year.

Insider Activity

In other news, Director John Wendell Thompson sold 2,500 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $84.51, for a total value of $211,275.00. Following the completion of the sale, the director directly owned 15,000 shares in the company, valued at approximately $1,267,650. The trade was a 14.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total transaction of $1,053,291.20. Following the completion of the sale, the chief technology officer owned 314,048 shares of the company’s stock, valued at $25,802,183.68. The trade was a 3.92% 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 have sold a total of 398,939 shares of company stock valued at $27,628,167 over the last three months. Corporate insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

RBRK has been the subject of several research reports. Oppenheimer raised their price target on shares of Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup raised their price target on shares of Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler restated an “overweight” rating and set a $91.00 price target (up from $84.00) on shares of Rubrik in a report on Friday. BTIG Research raised their price target on shares of Rubrik from $76.00 to $91.00 and gave the stock a “buy” rating in a report on Friday. Finally, Truist Financial restated a “buy” rating and set a $90.00 price target (up from $80.00) on shares of Rubrik in a report on Friday. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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).