State of New Jersey Common Pension Fund D Purchases 3,864 Shares of Rubrik, Inc. $RBRK

State of New Jersey Common Pension Fund D boosted its position in shares of Rubrik, Inc. (NYSE:RBRK) by 13.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 32,855 shares of the company’s stock after acquiring an additional 3,864 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Rubrik were worth $2,943,000 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. ST Germain D J Co. Inc. bought a new stake in Rubrik during the 2nd quarter valued at $27,000. Beacon Capital Management LLC bought a new stake in Rubrik during the 2nd quarter valued at $29,000. Catalyst Capital Advisors LLC bought a new stake in Rubrik during the 2nd quarter valued at $36,000. PNC Financial Services Group Inc. bought a new stake in Rubrik during the 1st quarter valued at $30,000. Finally, Summit Securities Group LLC bought a new stake in Rubrik during the 1st quarter valued at $31,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Stock Performance

Shares of RBRK stock opened at $77.91 on Tuesday. Rubrik, Inc. has a one year low of $39.40 and a one year high of $103.00. The company’s 50-day moving average is $82.78 and its 200 day moving average is $83.58. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of -33.30 and a beta of 0.24.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.31. The firm had revenue of $309.86 million for the quarter, compared to analysts’ expectations of $282.25 million. During the same period last year, the company posted ($0.40) earnings per share. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. As a group, research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on RBRK shares. Barclays upped their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. CIBC upped their price objective on shares of Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a report on Thursday, September 11th. FBN Securities restated an “outperform” rating on shares of Rubrik in a report on Wednesday, September 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $115.00 price objective on shares of Rubrik in a report on Wednesday, September 10th. Finally, Rosenblatt Securities increased their price target on shares of Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.67.

Insider Activity at Rubrik

In other news, Director John Wendell Thompson sold 9,009 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $82.76, for a total transaction of $745,584.84. Following the sale, the director owned 998 shares of the company’s stock, valued at $82,594.48. This trade represents a 90.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the sale, the chief technology officer directly owned 333,528 shares in the company, valued at approximately $24,751,112.88. The trade was a 10.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,466 shares of company stock worth $10,898,894. 32.38% of the stock is owned by insiders.

Rubrik Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.