KBC Group NV Has $1.42 Million Stake in Rubrik, Inc. $RBRK

KBC Group NV increased its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 34.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,048 shares of the company’s stock after buying an additional 7,425 shares during the period. KBC Group NV’s holdings in Rubrik were worth $1,422,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Comerica Bank boosted its stake in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares during the last quarter. Royal Bank of Canada raised its position in shares of Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after acquiring an additional 20,471 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after purchasing an additional 236,181 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after purchasing an additional 2,000 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RBRK. Mizuho lifted their price objective on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Robert W. Baird increased their target price on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. Truist Financial restated a “buy” rating and set a $90.00 target price (up from $80.00) on shares of Rubrik in a report on Friday, June 5th. Wedbush restated an “outperform” rating and set a $90.00 target price on shares of Rubrik in a research report on Thursday, June 11th. Finally, BMO Capital Markets increased their price target on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and a consensus target price of $93.96.

Rubrik Trading Up 0.7%

Shares of Rubrik stock opened at $73.17 on Friday. The company has a market capitalization of $15.06 billion, a PE ratio of -50.46 and a beta of 1.10. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75. The stock’s fifty day simple moving average is $75.22 and its 200 day simple moving average is $62.84.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. The firm’s revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Arvind Nithrakashyap sold 199,447 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $84.28, for a total value 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 approximately $26,467,965.44. The trade was a 38.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the sale, the director directly owned 4,653 shares of the company’s stock, valued at approximately $258,148.44. The trade was a 70.27% 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. Over the last quarter, insiders have sold 291,321 shares of company stock worth $24,074,426. Company 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).