84,022 Shares in Rubrik, Inc. $RBRK Bought by Fortress Investment Group LLC

Fortress Investment Group LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,022 shares of the company’s stock, valued at approximately $7,528,000. Rubrik accounts for 1.1% of Fortress Investment Group LLC’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after acquiring an additional 268 shares during the period. ST Germain D J Co. Inc. acquired a new position in Rubrik during the second quarter valued at approximately $27,000. Beacon Capital Management LLC bought a new stake in Rubrik during the second quarter worth $29,000. PNC Financial Services Group Inc. acquired a new stake in shares of Rubrik in the 1st quarter valued at $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Rubrik in the 1st quarter valued at $31,000. 49.54% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Brian K. Mccarthy sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $75.90, for a total value of $759,000.00. Following the transaction, the insider owned 349,319 shares in the company, valued at approximately $26,513,312.10. The trade was a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the sale, the chief technology officer owned 333,528 shares of the company’s stock, valued at approximately $24,751,112.88. This trade represents a 10.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,466 shares of company stock worth $10,006,286 in the last 90 days. 32.38% of the stock is owned by company insiders.

Rubrik Stock Down 6.2%

NYSE RBRK opened at $81.67 on Friday. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of -41.88 and a beta of 0.32. Rubrik, Inc. has a twelve month low of $47.35 and a twelve month high of $103.00. The stock has a fifty day simple moving average of $75.94 and a 200 day simple moving average of $83.54.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. During the same quarter last year, the firm posted ($0.21) EPS. The company’s quarterly revenue was up 48.3% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and set a $118.00 price objective (up from $115.00) on shares of Rubrik in a research report on Friday, December 5th. Cantor Fitzgerald dropped their target price on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Wall Street Zen downgraded shares of Rubrik from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Oppenheimer initiated coverage on shares of Rubrik in a research report on Monday, November 17th. They set a “market perform” rating for the company. Finally, Guggenheim set a $110.00 price objective on shares of Rubrik in a research note on Friday, December 5th. Twenty research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.94.

About Rubrik

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.