California State Teachers Retirement System Has $8.44 Million Stock Position in Rubrik, Inc. $RBRK

California State Teachers Retirement System raised its position in Rubrik, Inc. (NYSE:RBRK) by 29.5% in the first quarter, HoldingsChannel reports. The fund owned 172,341 shares of the company’s stock after purchasing an additional 39,264 shares during the quarter. California State Teachers Retirement System’s holdings in Rubrik were worth $8,440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Creative Planning raised its holdings in shares of Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of Rubrik by 9.2% during the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after purchasing an additional 282 shares in the last quarter. Finally, Eventide Asset Management LLC lifted its position in shares of Rubrik by 2.7% during the fourth quarter. Eventide Asset Management LLC now owns 11,426 shares of the company’s stock valued at $877,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. DA Davidson reaffirmed a “buy” rating and issued a $90.00 price objective (up from $70.00) on shares of Rubrik in a research report on Thursday, June 11th. Wolfe Research restated an “outperform” rating and issued a $95.00 target price on shares of Rubrik in a research note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and set a $91.00 price target on shares of Rubrik in a research report on Thursday, June 11th. Guggenheim reissued a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Scotiabank restated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $94.20.

Insiders Place Their Bets

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total value of $909,150.00. Following the sale, the director owned 8,362 shares of the company’s stock, valued at $691,119.30. This trade represents a 56.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 dated Friday, June 26th. The shares were sold at an average price of $71.49, for a total value of $284,458.71. Following the sale, the director owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. This trade represents a 3.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 292,042 shares of company stock valued at $24,379,821 over the last 90 days. 13.66% of the stock is owned by insiders.

Rubrik Stock Performance

NYSE:RBRK opened at $81.11 on Wednesday. The business’s fifty day moving average is $76.35 and its 200 day moving average is $62.86. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of -55.94 and a beta of 1.17. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $99.75.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. During the same period last year, the company posted ($0.15) EPS. The business’s revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

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).