Rubrik, Inc. $RBRK Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. trimmed its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 19.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,898 shares of the company’s stock after selling 2,376 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Rubrik were worth $887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBRK. Oppenheimer & Co. Inc. acquired a new position in Rubrik during the first quarter valued at approximately $225,000. KBC Group NV lifted its position in Rubrik by 24.6% during the first quarter. KBC Group NV now owns 3,337 shares of the company’s stock valued at $203,000 after buying an additional 658 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Rubrik during the first quarter valued at approximately $52,092,000. Bank of New York Mellon Corp lifted its position in Rubrik by 106.7% during the first quarter. Bank of New York Mellon Corp now owns 224,923 shares of the company’s stock valued at $13,716,000 after buying an additional 116,084 shares in the last quarter. Finally, Penserra Capital Management LLC grew its position in Rubrik by 13.4% in the first quarter. Penserra Capital Management LLC now owns 1,006,111 shares of the company’s stock valued at $61,352,000 after acquiring an additional 119,258 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RBRK. Weiss Ratings reissued a “sell (d)” rating on shares of Rubrik in a research report on Wednesday, October 8th. Barclays boosted their target price on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Cantor Fitzgerald reissued an “overweight” rating and set a $115.00 target price on shares of Rubrik in a research report on Wednesday, September 10th. Wall Street Zen cut shares of Rubrik from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Wedbush reissued an “outperform” rating and set a $120.00 target price on shares of Rubrik in a research report on Thursday, September 11th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.67.

Insider Activity at Rubrik

In related news, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $83.03, for a total value of $830,300.00. Following the sale, the insider directly owned 359,319 shares of the company’s stock, valued at $29,834,256.57. This represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total transaction of $745,584.84. Following the sale, the director directly owned 998 shares in the company, valued at $82,594.48. This trade represents a 90.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 112,957 shares of company stock valued at $9,021,374. Insiders own 32.38% of the company’s stock.

Rubrik Price Performance

RBRK opened at $71.07 on Friday. The stock has a market capitalization of $14.03 billion, a PE ratio of -30.37 and a beta of 0.24. The firm’s fifty day moving average price is $82.07 and its 200 day moving average price is $83.70. Rubrik, Inc. has a 12-month low of $40.98 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. The company’s revenue was up 44.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, equities research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

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.