Public Employees Retirement System of Ohio Purchases New Stake in Rubrik, Inc. $RBRK

Public Employees Retirement System of Ohio acquired a new position in Rubrik, Inc. (NYSE:RBRK) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 44,184 shares of the company’s stock, valued at approximately $3,547,000.

A number of other institutional investors have also recently bought and sold shares of RBRK. First Trust Advisors LP grew its stake in Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after acquiring an additional 2,116,272 shares in the last quarter. Norges Bank purchased a new stake in shares of Rubrik in the fourth quarter worth approximately $345,907,000. Pictet Asset Management Holding SA lifted its position in shares of Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rubrik by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after purchasing an additional 178,714 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Rubrik by 0.5% during the fourth quarter. Federated Hermes Inc. now owns 2,449,646 shares of the company’s stock worth $187,349,000 after purchasing an additional 11,878 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RBRK shares. UBS Group reiterated a “buy” rating and issued a $106.00 price objective on shares of Rubrik in a research note on Wednesday, August 19th. Barclays boosted their price target on shares of Rubrik from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Oppenheimer set a $120.00 price target on shares of Rubrik in a research note on Thursday, August 20th. Citigroup increased their price objective on Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Loop Capital initiated coverage on Rubrik in a research report on Monday, August 3rd. They set a “buy” rating and a $100.00 price objective for the company. Twenty-nine investment analysts have rated the stock with a Buy rating and one has given 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 price target of $112.15.

Rubrik Stock Performance

Shares of RBRK opened at $92.15 on Friday. The firm has a market cap of $18.97 billion, a PE ratio of -73.13 and a beta of 1.24. The firm’s 50 day moving average price is $86.36 and its 200 day moving average price is $68.52. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $107.91.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. The business’s revenue was up 43.9% on a year-over-year basis. 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, sell-side analysts anticipate that Rubrik, Inc. will post -1.21 earnings per share for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, Director Ravi Mhatre sold 3,979 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $83.10, for a total transaction of $330,654.90. Following the transaction, the director directly owned 125,351 shares of the company’s stock, valued at $10,416,668.10. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $89.52, for a total value of $64,543.92. Following the transaction, the director owned 3,709 shares in the company, valued at approximately $332,029.68. This trade represents a 16.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 112,577 shares of company stock valued at $9,376,785 in the last three months. 13.66% of the stock is currently owned by company insiders.

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).