58,365 Shares in Rubrik, Inc. $RBRK Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 58,365 shares of the company’s stock, valued at approximately $5,036,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in Rubrik during the second quarter worth about $27,000. Beacon Capital Management LLC purchased a new position in shares of Rubrik in the 2nd quarter worth about $29,000. PNC Financial Services Group Inc. purchased a new position in shares of Rubrik in the 1st quarter worth about $30,000. Summit Securities Group LLC purchased a new position in shares of Rubrik in the 1st quarter worth about $31,000. Finally, Comerica Bank boosted its holdings in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Price Performance

Shares of RBRK stock opened at $77.04 on Friday. The stock has a market capitalization of $15.21 billion, a PE ratio of -32.92 and a beta of 0.24. Rubrik, Inc. has a 1-year low of $39.11 and a 1-year high of $103.00. The business has a 50-day moving average of $82.93 and a 200 day moving average of $83.10.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.31. The business had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. The company’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. Analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RBRK. FBN Securities reiterated an “outperform” rating on shares of Rubrik in a report on Wednesday, September 10th. CIBC upped their price objective on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a report on Thursday, September 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 price objective on shares of Rubrik in a report on Wednesday, September 10th. Wedbush reiterated an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a report on Thursday, September 11th. Finally, Barclays upped their price objective on Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Sixteen 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. According to data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average target price of $108.67.

Insider Transactions at Rubrik

In related news, CTO Arvind Nithrakashyap sold 40,170 shares of the company’s 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 $2,981,015.70. Following the sale, the chief technology officer owned 333,528 shares in the company, valued at $24,751,112.88. This represents a 10.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the company’s 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 $489,711.79. Following the completion of the sale, the chief financial officer owned 516,184 shares in the company, valued at $38,306,014.64. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,466 shares of company stock worth $10,898,894 over the last 90 days. 32.38% of the stock is currently owned by insiders.

Rubrik Company 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.