Bank of New York Mellon Corp Has $46.28 Million Holdings in Rubrik, Inc. $RBRK

Bank of New York Mellon Corp raised its position in shares of Rubrik, Inc. (NYSE:RBRK) by 129.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 516,583 shares of the company’s stock after buying an additional 291,660 shares during the period. Bank of New York Mellon Corp’s holdings in Rubrik were worth $46,281,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. GGM Financials LLC purchased a new position in Rubrik during the 2nd quarter worth approximately $8,108,000. Northern Trust Corp boosted its position in shares of Rubrik by 23.1% in the first quarter. Northern Trust Corp now owns 236,649 shares of the company’s stock worth $14,431,000 after buying an additional 44,373 shares during the period. Bessemer Group Inc. grew its holdings in shares of Rubrik by 17.7% during the second quarter. Bessemer Group Inc. now owns 194,911 shares of the company’s stock valued at $17,462,000 after buying an additional 29,317 shares in the last quarter. Perpetual Ltd raised its position in Rubrik by 8,282.0% during the second quarter. Perpetual Ltd now owns 587,156 shares of the company’s stock valued at $52,603,000 after buying an additional 580,151 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Rubrik by 200.2% in the 1st quarter. Hsbc Holdings PLC now owns 87,358 shares of the company’s stock worth $5,317,000 after acquiring an additional 58,258 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Down 0.6%

NYSE RBRK opened at $75.61 on Wednesday. The stock has a market capitalization of $14.93 billion, a PE ratio of -32.31 and a beta of 0.20. Rubrik, Inc. has a 12-month low of $42.01 and a 12-month high of $103.00. The company has a 50 day moving average price of $79.73 and a two-hundred day moving average price of $84.59.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.31. The business had revenue of $309.86 million for the quarter, compared to analyst estimates of $282.25 million. During the same quarter last year, the company earned ($0.40) EPS. 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, equities analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Buying and Selling at Rubrik

In other news, CRO Brian K. Mccarthy sold 12,500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $87.84, for a total transaction of $1,098,000.00. Following the transaction, the executive owned 406,052 shares of the company’s stock, valued at approximately $35,667,607.68. This represents a 2.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $489,711.79. Following the completion of the transaction, the chief financial officer directly owned 516,184 shares in the company, valued at $38,306,014.64. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 121,966 shares of company stock valued at $9,644,823. Corporate insiders own 32.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RBRK shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $115.00 target price on shares of Rubrik in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rubrik in a research report on Wednesday, October 8th. CIBC upped their price objective on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research note on Thursday, September 11th. KeyCorp increased their target price on shares of Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Finally, Wedbush restated an “outperform” rating and set a $120.00 price target on shares of Rubrik in a report on Thursday, September 11th. Sixteen investment 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’s stock. According to data from MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and an average target price of $108.67.

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.