SG Americas Securities LLC Boosts Stake in Rubrik, Inc. $RBRK

SG Americas Securities LLC raised its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 544.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,589 shares of the company’s stock after acquiring an additional 71,464 shares during the quarter. SG Americas Securities LLC’s holdings in Rubrik were worth $6,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RBRK. Norges Bank bought a new stake in shares of Rubrik in the 2nd quarter valued at about $219,132,000. First Trust Advisors LP raised its stake in shares of Rubrik by 44.8% during the 2nd quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock worth $399,814,000 after acquiring an additional 1,380,941 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Rubrik by 101.8% during the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after acquiring an additional 1,229,476 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Rubrik during the third quarter valued at approximately $97,828,000. Finally, State Street Corp lifted its position in Rubrik by 139.7% during the second 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 last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on RBRK. Wells Fargo & Company cut their price target 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a report on Friday. Mizuho lowered their price objective on Rubrik from $97.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Truist Financial dropped their target price on Rubrik from $110.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, BMO Capital Markets decreased their price target on Rubrik from $105.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and a consensus price target of $89.10.

Insider Buying and Selling

In related news, CFO Kiran Kumar Choudary sold 122,613 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the transaction, the chief financial officer directly owned 564,901 shares in the company, valued at $27,228,228.20. The trade was a 17.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $53.62, for a total transaction of $589,820.00. Following the sale, the director directly owned 4,653 shares in the company, valued at $249,493.86. This trade represents a 70.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 222,306 shares of company stock worth $12,189,518. 32.38% of the stock is currently owned by company insiders.

Rubrik Stock Up 7.4%

Shares of RBRK stock opened at $48.96 on Wednesday. Rubrik, Inc. has a 52-week low of $44.75 and a 52-week high of $103.00. The stock has a market cap of $9.90 billion, a PE ratio of -27.66 and a beta of 0.45. The business has a 50-day simple moving average of $54.02 and a 200-day simple moving average of $68.39.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. The firm’s revenue was up 46.3% on a year-over-year basis. During the same period last year, the business earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Sell-side analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Rubrik Company 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).