Nordea Investment Management AB Buys Shares of 67,880 Rubrik, Inc. $RBRK

Nordea Investment Management AB purchased a new position in Rubrik, Inc. (NYSE:RBRK) in the third quarter, Holdings Channel.com reports. The firm purchased 67,880 shares of the company’s stock, valued at approximately $5,515,000.

Several other hedge funds have also recently made changes to their positions in RBRK. Lodestone Wealth Management LLC bought a new position in Rubrik during the third quarter valued at approximately $212,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Rubrik during the 3rd quarter valued at $1,113,000. StoneCrest Wealth Management Inc. bought a new position in shares of Rubrik during the 3rd quarter valued at $295,000. SG Americas Securities LLC purchased a new position in shares of Rubrik in the 3rd quarter worth $1,080,000. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Rubrik by 22.7% in the third quarter. KLP Kapitalforvaltning AS now owns 24,300 shares of the company’s stock worth $1,999,000 after acquiring an additional 4,500 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on RBRK shares. Berenberg Bank assumed coverage on Rubrik in a report on Tuesday, November 18th. They issued a “buy” rating and a $114.00 target price on the stock. Rosenblatt Securities increased their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. BMO Capital Markets cut their target price on shares of Rubrik from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Wedbush reaffirmed an “outperform” rating and set a $120.00 target price on shares of Rubrik in a report on Friday, December 5th. Finally, Stephens started coverage on shares of Rubrik in a research note on Monday, December 29th. They set an “overweight” rating and a $105.00 price target on the stock. Twenty-one analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.18.

Rubrik Trading Down 2.8%

Rubrik stock opened at $67.12 on Friday. Rubrik, Inc. has a 12-month low of $47.35 and a 12-month high of $103.00. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of -34.42 and a beta of 0.27. The firm has a 50 day moving average of $74.73 and a 200 day moving average of $80.56.

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

Insiders Place Their Bets

In other Rubrik news, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $67.66, for a total transaction of $1,353,200.00. Following the sale, the chief financial officer directly owned 489,959 shares of the company’s stock, valued at $33,150,625.94. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $73.84, for a total value of $812,240.00. Following the completion of the transaction, the director directly owned 2,702 shares of the company’s stock, valued at approximately $199,515.68. This trade represents a 80.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 249,396 shares of company stock worth $19,381,819. 32.38% of the stock is currently owned by corporate insiders.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik launched “Rubrik Security Cloud Sovereign,” a product designed to give global customers tighter control over data residency and access — a feature aimed at regulated and national-security-sensitive customers that could expand sales in large enterprises and government. Rubrik Announces Rubrik Security Cloud Sovereign
• Positive Sentiment: KeyCorp reiterated an Overweight view and a $95 price target, publishing a Q3 2027 EPS estimate (‑$0.35) while maintaining optimistic positioning on Rubrik’s growth trajectory — analyst support can help stabilize sentiment and attract buyers. (KeyCorp research note)
• Neutral Sentiment: Rubrik introduced “CXO Visionaries,” a marketing/program initiative aimed at C-level engagement and thought leadership — positive for brand and pipeline development but unlikely to move near-term fundamentals by itself. Rubrik Introduces CXO Visionaries
• Negative Sentiment: Company insiders sold material amounts of stock this week: CTO Arvind Nithrakashyap sold 4,648 shares at ~$70.40 (and earlier sold 1,045 shares at ~$70.05)—small reductions but visible insider selling can unsettle retail investors. CTO Form 4
• Negative Sentiment: CFO Kiran Kumar Choudary sold 20,000 shares at an average price of $67.66 (≈$1.35M), reducing his stake by ~3.9% — this larger insider sale is likely the principal negative catalyst for today’s weaker share performance. CFO Form 4

About Rubrik

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).