Nykredit A S Makes New Investment in Rubrik, Inc. $RBRK

Nykredit A S bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,586 shares of the company’s stock, valued at approximately $448,000.

A number of other hedge funds have also modified their holdings of the company. Pictet Asset Management Holding SA grew its holdings in shares of Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after buying an additional 1,696,342 shares during the period. Norges Bank bought a new stake in shares of Rubrik in the 4th quarter valued at $345,907,000. Legal & General Group Plc raised its stake in Rubrik by 8.6% during the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after buying an additional 151,234 shares during the period. Assenagon Asset Management S.A. raised its stake in Rubrik by 11.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after buying an additional 28,056 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in Rubrik by 47.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock worth $45,571,000 after acquiring an additional 191,738 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Performance

NYSE:RBRK opened at $91.51 on Wednesday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $107.91. The stock has a 50-day simple moving average of $87.36 and a 200 day simple moving average of $69.35. The company has a market cap of $18.84 billion, a PE ratio of -72.63 and a beta of 1.24.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The firm’s quarterly 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, research analysts predict that Rubrik, Inc. will post -1.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on RBRK shares. UBS Group reissued a “buy” rating and issued a $106.00 target price on shares of Rubrik in a research note on Wednesday, August 19th. Jefferies Financial Group set a $90.00 price target on Rubrik in a research report on Friday, June 5th. Guggenheim lifted their price objective on Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. Finally, Oppenheimer set a $120.00 target price on Rubrik in a research note on Thursday, August 20th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.15.

Insiders Place Their Bets

In related news, Director Yvonne Wassenaar sold 721 shares of the company’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 represents a 16.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the sale, the director directly owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 112,577 shares of company stock worth $9,376,785 in the last three months. Insiders own 13.66% of the company’s stock.

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).