Clearbridge Investments LLC Raises Stock Holdings in Rubrik, Inc. $RBRK

Clearbridge Investments LLC increased its position in Rubrik, Inc. (NYSE:RBRK) by 7.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,363,888 shares of the company’s stock after purchasing an additional 96,360 shares during the period. Clearbridge Investments LLC’s holdings in Rubrik were worth $104,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank raised its stake in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after buying an additional 395 shares during the last quarter. Royal Bank of Canada raised its stake in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after buying an additional 20,471 shares during the last quarter. NewEdge Advisors LLC raised its stake in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after buying an additional 300 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after purchasing an additional 2,000 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rubrik

In other news, Director John Wendell Thompson sold 2,500 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.51, for a total value of $211,275.00. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at $1,267,650. The trade was a 14.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total value of $1,053,291.20. Following the completion of the transaction, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at $25,802,183.68. The trade was a 3.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 398,939 shares of company stock worth $27,628,167 in the last 90 days. 13.66% of the stock is owned by company insiders.

Analyst Ratings Changes

RBRK has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a report on Friday. The Goldman Sachs Group reduced their price objective on Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Barclays upped their price target on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer increased their target price on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, DA Davidson raised their price target on Rubrik from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Rubrik Trading Down 2.4%

Shares of NYSE:RBRK opened at $71.67 on Tuesday. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The business’s fifty day simple moving average is $59.27 and its 200-day simple moving average is $62.58. The company has a market capitalization of $14.50 billion, a PE ratio of -49.43 and a beta of 1.09.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter in the prior year, the business posted ($0.15) earnings per share. The company’s revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Research analysts predict that Rubrik, Inc. will post -1.45 EPS for the current year.

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).