48,650 Shares of Rubrik, Inc. $RBRK Bought by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in Rubrik, Inc. (NYSE:RBRK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 48,650 shares of the company’s stock, valued at approximately $5,569,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RBRK. Wellington Management Group LLP increased its stake in shares of Rubrik by 48.8% during the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock worth $58,744,000 after buying an additional 240,062 shares during the period. Congress Asset Management Co. grew its holdings in Rubrik by 32.6% during the 3rd quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after acquiring an additional 175,866 shares in the last quarter. Amundi increased its position in shares of Rubrik by 449.5% in the 1st quarter. Amundi now owns 561,496 shares of the company’s stock valued at $27,496,000 after purchasing an additional 459,314 shares during the last quarter. CI Investments Inc. purchased a new stake in shares of Rubrik in the 1st quarter valued at approximately $19,815,000. Finally, Royal Bank of Canada increased its position in shares of Rubrik by 64.4% in the 1st quarter. Royal Bank of Canada now owns 375,259 shares of the company’s stock valued at $18,376,000 after purchasing an additional 146,939 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rubrik

In other news, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $116.61, for a total value of $84,075.81. Following the completion of the transaction, the director owned 2,988 shares in the company, valued at $348,430.68. This trade represents a 19.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $118.08, for a total transaction of $1,513,785.60. Following the completion of the transaction, the chief technology officer owned 272,538 shares of the company’s stock, valued at $32,181,287.04. This represents a 4.49% decrease in their position. 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. Over the last quarter, insiders sold 139,583 shares of company stock valued at $15,125,212. 13.66% of the stock is owned by company insiders.

Rubrik Stock Up 0.0%

RBRK stock traded up $0.04 during trading on Friday, hitting $105.78. The company had a trading volume of 3,331,429 shares, compared to its average volume of 3,102,482. The firm has a market cap of $21.93 billion, a PE ratio of -83.95 and a beta of 1.08. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $139.92. The firm has a 50-day moving average price of $111.82 and a 200-day moving average price of $77.87.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. During the same period in the prior year, the business earned ($0.03) earnings per share. The firm’s quarterly revenue was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Sell-side analysts anticipate that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Morgan Stanley started coverage on shares of Rubrik in a research report on Thursday, October 29th. They set an “overweight” rating and a $155.00 price objective for the company. Yorkville Ives started coverage on Rubrik in a report on Tuesday, October 6th. They issued an “outperform” rating and a $145.00 target price on the stock. Guggenheim raised their price target on Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Loop Capital started coverage on Rubrik in a report on Monday, August 3rd. They set a “buy” rating and a $100.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research report on Monday, September 21st. Thirty investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and an average price target of $118.04.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.