Janus Henderson Group PLC Sells 43,721 Shares of Rubrik, Inc. $RBRK

Janus Henderson Group PLC cut its position in shares of Rubrik, Inc. (NYSE:RBRK) by 34.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,993 shares of the company’s stock after selling 43,721 shares during the period. Janus Henderson Group PLC’s holdings in Rubrik were worth $4,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp boosted its position in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the period. Triumph Capital Management purchased a new stake in shares of Rubrik in the fourth quarter worth approximately $33,000. Banque Cantonale Vaudoise bought a new stake in shares of Rubrik during the 3rd quarter worth approximately $34,000. Los Angeles Capital Management LLC bought a new stake in shares of Rubrik during the 4th quarter worth approximately $35,000. Finally, Comerica Bank boosted its holdings in Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $90.00 target price (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. Mizuho upped their price target on shares of Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Wednesday, June 24th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Finally, Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of Rubrik in a research report on Thursday, June 11th. Twenty-nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $94.20.

Insider Buying and Selling

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00. Following the sale, the director owned 3,917 shares of the company’s stock, valued at approximately $293,775. This trade represents a 15.55% decrease in their position. The sale was disclosed in a legal filing 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 Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction on Monday, July 13th. The shares were sold at an average price of $83.10, for a total value of $330,654.90. Following the completion of the transaction, the director owned 125,351 shares in the company, valued at $10,416,668.10. This represents a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 317,682 shares of company stock worth $26,402,176 in the last three months. Corporate insiders own 13.66% of the company’s stock.

Rubrik Stock Performance

NYSE RBRK opened at $90.02 on Friday. The company has a market capitalization of $18.53 billion, a price-to-earnings ratio of -62.08 and a beta of 1.17. The company’s 50-day simple moving average is $77.24 and its two-hundred day simple moving average is $63.28. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the previous year, the company posted ($0.15) EPS. Rubrik’s revenue for the quarter 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. Equities analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

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).