Strs Ohio Buys New Shares in Rubrik, Inc. $RBRK

Strs Ohio purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,651 shares of the company’s stock, valued at approximately $2,925,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new position in shares of Rubrik during the 2nd quarter valued at about $27,000. Beacon Capital Management LLC bought a new position in Rubrik during the second quarter valued at approximately $29,000. PNC Financial Services Group Inc. bought a new position in Rubrik during the first quarter valued at approximately $30,000. Summit Securities Group LLC purchased a new position in shares of Rubrik during the first quarter worth approximately $31,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Rubrik in the 2nd quarter worth approximately $36,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Trading Up 0.9%

Shares of Rubrik stock opened at $75.97 on Tuesday. Rubrik, Inc. has a 12-month low of $40.98 and a 12-month high of $103.00. The company has a market cap of $15.00 billion, a P/E ratio of -32.46 and a beta of 0.20. The company’s fifty day simple moving average is $81.57 and its two-hundred day simple moving average is $84.21.

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

Analysts Set New Price Targets

Several research firms recently commented on RBRK. Barclays increased their target price on shares of Rubrik from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. CIBC raised their price objective on Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research note on Thursday, September 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $115.00 price target on shares of Rubrik in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rubrik in a research report on Wednesday, October 8th. Finally, FBN Securities reaffirmed an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.67.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 40,170 shares of Rubrik stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the completion of the transaction, the chief technology officer owned 333,528 shares in the company, valued at approximately $24,751,112.88. The trade was a 10.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $489,711.79. Following the transaction, the chief financial officer owned 516,184 shares of the company’s stock, valued at $38,306,014.64. The trade was a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 112,957 shares of company stock worth $9,021,374 in the last 90 days. Corporate insiders own 32.38% of the company’s stock.

Rubrik 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.