Rubrik, Inc. $RBRK Position Reduced by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its stake in Rubrik, Inc. (NYSE:RBRK) by 28.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 33,308 shares of the company’s stock after selling 13,255 shares during the period. Neuberger Berman Group LLC’s holdings in Rubrik were worth $2,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RBRK. Allworth Financial LP raised its position in shares of Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after purchasing an additional 268 shares during the period. ST Germain D J Co. Inc. acquired a new stake in Rubrik in the second quarter worth $27,000. Beacon Capital Management LLC acquired a new stake in Rubrik in the second quarter worth $29,000. PNC Financial Services Group Inc. acquired a new position in shares of Rubrik during the first quarter valued at $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Rubrik during the first quarter worth about $31,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Up 2.0%

Shares of Rubrik stock opened at $69.50 on Friday. Rubrik, Inc. has a 12-month low of $47.35 and a 12-month high of $103.00. The firm has a market capitalization of $13.72 billion, a PE ratio of -29.70 and a beta of 0.20. The stock’s fifty day moving average is $76.24 and its 200-day moving average is $84.04.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million during the quarter, compared to analysts’ expectations of $282.25 million. During the same period in the prior year, the business posted ($0.40) EPS. The company’s revenue for the quarter 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. Analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 40,170 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the completion of the transaction, the chief technology officer owned 333,528 shares of the company’s stock, valued at approximately $24,751,112.88. This represents a 10.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total value of $745,584.84. Following the sale, the director directly 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 131,966 shares of company stock worth $10,356,678. Corporate insiders own 32.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RBRK. FBN Securities reaffirmed an “outperform” rating on shares of Rubrik in a report on Wednesday, September 10th. Berenberg Bank began coverage on Rubrik in a research report on Tuesday, November 18th. They set a “buy” rating and a $114.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a report on Thursday, September 11th. Barclays lifted their target price on Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Finally, KeyCorp boosted their price target on shares of Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Eighteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.69.

Rubrik Profile

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.