Rubrik, Inc. $RBRK Stock Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 4.3% during the third quarter, HoldingsChannel reports. The firm owned 294,291 shares of the company’s stock after buying an additional 12,093 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Rubrik were worth $33,687,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Rubrik by 48.8% in the 2nd quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock worth $58,744,000 after purchasing an additional 240,062 shares during the period. Congress Asset Management Co. raised its holdings in Rubrik by 32.6% during the 3rd quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock valued at $81,909,000 after buying an additional 175,866 shares during the period. Amundi lifted its position in Rubrik by 449.5% in the first quarter. Amundi now owns 561,496 shares of the company’s stock worth $27,496,000 after buying an additional 459,314 shares during the last quarter. CI Investments Inc. bought a new stake in Rubrik in the first quarter worth $19,815,000. Finally, Royal Bank of Canada boosted its stake in Rubrik by 64.4% during the first quarter. Royal Bank of Canada now owns 375,259 shares of the company’s stock worth $18,376,000 after buying an additional 146,939 shares during the period. 49.54% of the stock is owned by institutional investors.

Rubrik News Roundup

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik announced that its cyber-resilience capabilities now cover enterprise unstructured data, expanding the reach of its data-protection offering. This could support customer adoption, though the reports provide no financial guidance tied to the launch. Article: Rubrik Extends Cyber Resilience Across Enterprise Unstructured Data
• Neutral Sentiment: Rubrik’s Authorized Intelligence podcast joined the N2K CyberWire network. The expanded distribution may raise awareness of Rubrik’s expertise, but the announcement does not indicate a direct effect on sales or earnings. Article: Rubrik podcast joins the N2K CyberWire network
• Negative Sentiment: Several insiders reported stock sales, including CTO Arvind Nithrakashyap (12,820 shares) and directors John Thompson (11,000 shares) and Yvonne Wassenaar (721 shares). These sales can concern investors, although the transactions were made under pre-arranged Rule 10b5-1 plans; the CTO retained a substantial stake. Article: Rubrik director stock sale

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. DA Davidson boosted their price objective on shares of Rubrik from $90.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Loop Capital initiated coverage on shares of Rubrik in a report on Monday, August 3rd. They issued a “buy” rating and a $100.00 target price for the company. Telsey Advisory Group set a $120.00 price target on shares of Rubrik in a research note on Friday, August 28th. Yorkville Ives started coverage on shares of Rubrik in a report on Tuesday, October 6th. They set an “outperform” rating and a $145.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. Thirty investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.04.

Insider Buying and Selling at Rubrik

In other news, Director John Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $117.27, for a total value of $1,289,970.00. Following the transaction, the director owned 8,362 shares of the company’s stock, valued at $980,611.74. The trade was a 56.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $116.61, for a total transaction of $84,075.81. Following the completion of the transaction, the director directly owned 2,988 shares in the company, valued at $348,430.68. This represents a 19.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 139,583 shares of company stock valued at $15,125,212. 13.66% of the stock is currently owned by corporate insiders.

Rubrik Stock Performance

Rubrik stock opened at $105.47 on Friday. The company has a 50 day moving average price of $111.85 and a 200-day moving average price of $77.67. The company has a market capitalization of $21.86 billion, a PE ratio of -83.70 and a beta of 1.08. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $139.92.

Rubrik (NYSE:RBRK) last posted 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 firm had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. During the same period in the previous year, the company posted ($0.03) EPS. Rubrik’s quarterly revenue was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, analysts forecast that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.