Penn Mutual Asset Management Reduces Holdings in Rubrik, Inc. $RBRK

Penn Mutual Asset Management lowered its position in Rubrik, Inc. (NYSE:RBRK) by 80.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,541 shares of the company’s stock after selling 42,176 shares during the quarter. Rubrik accounts for approximately 1.7% of Penn Mutual Asset Management’s holdings, making the stock its 11th biggest holding. Penn Mutual Asset Management’s holdings in Rubrik were worth $867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Rubrik by 1,030.8% during the second 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. Bogart Wealth LLC boosted its holdings in Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares during the last quarter. Financial Life Planners acquired a new stake in Rubrik during the 3rd quarter valued at approximately $31,000. Finally, Guerra Advisors Inc acquired a new stake in Rubrik during the 3rd quarter valued at approximately $33,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $53.62, for a total transaction of $589,820.00. Following the completion of the sale, the director directly owned 4,653 shares in the company, valued at approximately $249,493.86. This trade represents a 70.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 103,193 shares of company stock valued at $6,556,946 over the last three months. Corporate insiders own 32.38% of the company’s stock.

Rubrik Trading Down 0.0%

NYSE:RBRK opened at $52.04 on Thursday. The firm has a market capitalization of $10.41 billion, a PE ratio of -29.40 and a beta of 0.45. The stock has a 50 day moving average of $57.74 and a 200-day moving average of $70.96. Rubrik, Inc. has a 52 week low of $46.36 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. During the same period last year, the business posted ($0.18) EPS. The company’s revenue for the quarter was up 46.3% on a year-over-year basis. 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 predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Guggenheim reaffirmed a “buy” rating and issued a $110.00 target price on shares of Rubrik in a research report on Friday, March 13th. Roth Mkm restated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Barclays cut their price target on shares of Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Finally, DA Davidson set a $70.00 price objective on shares of Rubrik in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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).