12,000 Shares of Rubrik, Inc. $RBRK Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $1,374,000.

Several other hedge funds have also modified their holdings of the stock. Congress Asset Management Co. raised its stake in Rubrik by 32.6% during the third 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. Wellington Management Group LLP grew its holdings in shares of Rubrik by 48.8% during the 2nd quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock worth $58,744,000 after purchasing an additional 240,062 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Rubrik by 4.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 294,291 shares of the company’s stock worth $33,687,000 after purchasing an additional 12,093 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 in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Rubrik by 11.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after purchasing an additional 28,056 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Performance

Rubrik stock opened at $111.00 on Tuesday. The firm has a market capitalization of $23.01 billion, a PE ratio of -88.09 and a beta of 1.08. Rubrik, Inc. has a one year low of $42.25 and a one year high of $139.92. The stock’s 50 day moving average price is $112.18 and its 200 day moving average price is $78.11.

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 firm had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. The firm’s revenue was up 43.9% compared to the same quarter last year. During the same period last year, the business earned ($0.03) EPS. 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, analysts forecast that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $118.08, for a total value of $1,513,785.60. Following the transaction, the chief technology officer owned 272,538 shares in the company, valued at $32,181,287.04. The trade was a 4.49% 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, Director John Thompson sold 11,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $117.27, for a total transaction of $1,289,970.00. Following the completion of the transaction, the director directly owned 8,362 shares of the company’s stock, valued at approximately $980,611.74. The trade was a 56.81% decrease in their ownership of the stock. 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. In the last three months, insiders sold 139,583 shares of company stock valued at $15,125,212. Corporate insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on RBRK. Wells Fargo & Company lifted their price target on shares of Rubrik from $90.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. KeyCorp increased their price objective on shares of Rubrik from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Barclays upped their price target on shares of Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Mizuho increased their price target on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, Scotiabank reissued an “outperform” rating on shares of Rubrik in a research report on Tuesday, August 25th. Thirty analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.04.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents.

The company’s Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.

Founded in 2014, Rubrik serves organizations in multiple industries and geographies.