27,780 Shares in Rubrik, Inc. $RBRK Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,780 shares of the company’s stock, valued at approximately $3,180,000.

Several other large investors have also modified their holdings of the stock. 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 acquiring an additional 240,062 shares during the period. Congress Asset Management Co. increased its position 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 purchasing an additional 175,866 shares during the period. Amundi increased its position in Rubrik by 449.5% during the 1st quarter. Amundi now owns 561,496 shares of the company’s stock worth $27,496,000 after purchasing an additional 459,314 shares during the period. CI Investments Inc. purchased a new position in shares of Rubrik during the 1st quarter worth approximately $19,815,000. Finally, Royal Bank of Canada lifted its holdings 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 buying an additional 146,939 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

RBRK stock traded up $0.04 on Friday, reaching $105.78. The company had a trading volume of 3,331,429 shares, compared to its average volume of 3,102,482. The company’s fifty day moving average is $111.82 and its 200 day moving average is $77.87. The company has a market cap of $21.93 billion, a P/E 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.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. During the same quarter in the prior year, the company earned ($0.03) earnings per share. The firm’s 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. On average, sell-side analysts predict that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Insider Activity at Rubrik

In other Rubrik news, Director John Thompson sold 11,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $115.69, for a total value of $1,272,590.00. Following the transaction, the director owned 8,362 shares in the company, valued at $967,399.78. The trade was a 56.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 that occurred on Thursday, September 10th. The shares were sold at an average price of $90.41, for a total value of $1,159,056.20. Following the transaction, the chief technology officer owned 293,293 shares of the company’s stock, valued at approximately $26,516,620.13. This trade represents a 4.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 139,583 shares of company stock worth $15,125,212. 13.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RBRK. Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a report on Tuesday, August 25th. BTIG Research raised their target price on Rubrik from $109.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 28th. Piper Sandler boosted their price objective on shares of Rubrik from $91.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Rosenblatt Securities lifted their price target on shares of Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Finally, Robert W. Baird upped their price target on Rubrik from $130.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Thirty investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.04.

About Rubrik

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.