SG Americas Securities LLC Has $57.36 Million Position in Rubrik, Inc. $RBRK

SG Americas Securities LLC grew its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 1,284.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,171,286 shares of the company’s stock after acquiring an additional 1,086,697 shares during the period. SG Americas Securities LLC’s holdings in Rubrik were worth $57,358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Rubrik during the fourth quarter worth approximately $345,907,000. First Trust Advisors LP grew its position in shares of Rubrik by 42.8% during 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 period. Vanguard Group Inc. increased its stake in shares of Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after acquiring an additional 1,678,255 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Rubrik in the 3rd quarter valued at $97,828,000. Finally, State Street Corp lifted its position in shares of Rubrik by 139.7% during the 2nd quarter. State Street Corp now owns 1,771,475 shares of the company’s stock valued at $158,706,000 after acquiring an additional 1,032,497 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Down 0.0%

Shares of RBRK opened at $70.21 on Tuesday. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The business’s fifty day moving average is $63.44 and its 200 day moving average is $62.70. The stock has a market cap of $14.45 billion, a P/E ratio of -48.42 and a beta of 1.10.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on RBRK shares. Jefferies Financial Group set a $90.00 target price on shares of Rubrik in a research note on Friday, June 5th. DA Davidson reaffirmed a “buy” rating and issued a $90.00 price target (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. Wells Fargo & Company dropped their price objective on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Robert W. Baird increased their price objective on shares of Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Finally, BMO Capital Markets raised their target price on Rubrik from $73.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 199,447 shares of Rubrik stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the transaction, the chief technology officer directly owned 314,048 shares in the company, valued at $26,467,965.44. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 2,838 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $75.00, for a total transaction of $212,850.00. Following the sale, the director directly owned 2,326 shares of the company’s stock, valued at approximately $174,450. The trade was a 54.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 276,326 shares of company stock valued at $21,718,221. Corporate insiders own 13.66% of the company’s stock.

About Rubrik

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).