Public Employees Retirement System of Ohio Takes $3.55 Million Position in Rubrik, Inc. $RBRK

Public Employees Retirement System of Ohio purchased a new stake in Rubrik, Inc. (NYSE:RBRK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,184 shares of the company’s stock, valued at approximately $3,547,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Rubrik during the 4th quarter valued at about $345,907,000. First Trust Advisors LP boosted its stake in Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after buying an additional 2,116,272 shares during the last quarter. Pictet Asset Management Holding SA boosted 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 purchasing an additional 1,696,342 shares during the last quarter. AQR Capital Management LLC acquired a new position in Rubrik in the third quarter valued at $97,828,000. Finally, SG Americas Securities LLC raised its holdings in shares of Rubrik by 1,284.7% in the 1st quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company’s stock worth $57,358,000 after purchasing an additional 1,086,697 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

RBRK opened at $92.15 on Friday. The stock’s 50 day moving average price is $86.36 and its 200 day moving average price is $68.52. The stock has a market cap of $18.97 billion, a P/E ratio of -73.13 and a beta of 1.24. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $107.91.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The company’s revenue was up 43.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Equities analysts anticipate that Rubrik, Inc. will post -1.21 EPS for the current year.

Insider Activity

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $89.52, for a total value of $64,543.92. Following the completion of the sale, the director directly owned 3,709 shares in the company, valued at $332,029.68. This represents a 16.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total value of $1,073,162.20. Following the completion of the sale, the chief technology officer owned 293,293 shares of the company’s stock, valued at approximately $24,551,557.03. This trade represents a 4.19% 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 112,577 shares of company stock valued at $9,376,785 over the last 90 days. Corporate insiders own 13.66% of the company’s stock.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of research reports. Stephens reaffirmed an “overweight” rating on shares of Rubrik in a research report on Friday, August 28th. Oppenheimer set a $120.00 target price on Rubrik in a research report on Thursday, August 20th. Telsey Advisory Group set a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Mizuho upped their price objective on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird lifted their price objective on shares of Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, June 11th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and a consensus price target of $112.15.

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).