Rubrik, Inc. $RBRK Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 24.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 19,800 shares of the company’s stock after buying an additional 3,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in Rubrik were worth $1,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Teacher Retirement System of Texas acquired a new position in Rubrik during the first quarter worth approximately $52,092,000. Vanguard Group Inc. increased its position in Rubrik by 9.7% during the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company’s stock worth $423,512,000 after buying an additional 616,917 shares during the period. BNP Paribas Financial Markets increased its position in Rubrik by 186.8% during the first quarter. BNP Paribas Financial Markets now owns 899,853 shares of the company’s stock worth $54,873,000 after buying an additional 586,088 shares during the period. Perpetual Ltd increased its position in Rubrik by 8,282.0% during the second quarter. Perpetual Ltd now owns 587,156 shares of the company’s stock worth $52,603,000 after buying an additional 580,151 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Rubrik during the second quarter worth approximately $50,272,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Trading Down 4.3%

Shares of RBRK stock opened at $82.43 on Monday. Rubrik, Inc. has a twelve month low of $37.38 and a twelve month high of $103.00. The company has a market capitalization of $16.28 billion, a P/E ratio of -35.23 and a beta of 0.24. The business’s 50 day moving average is $84.84 and its two-hundred day moving average is $82.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.31. The business had revenue of $309.86 million during the quarter, compared to analysts’ expectations of $282.25 million. During the same quarter last year, the firm earned ($0.40) earnings per share. The firm’s quarterly revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. As a group, equities analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Brian K. Mccarthy sold 4,670 shares of Rubrik stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $346,560.70. Following the sale, the executive directly owned 407,632 shares in the company, valued at $30,250,370.72. The trade was a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $82.76, for a total value of $745,584.84. Following the completion of the sale, the director owned 998 shares in the company, valued at approximately $82,594.48. This trade represents a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,466 shares of company stock valued at $10,083,014 in the last three months. 32.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several research analyst reports. KeyCorp lifted their price target on Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Barclays lifted their price target on Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Wedbush reaffirmed an “outperform” rating and set a $120.00 price target on shares of Rubrik in a research report on Thursday, September 11th. Rosenblatt Securities lifted their price target on Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Rubrik in a research note on Wednesday, October 8th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.67.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.