Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Rubrik, Inc. $RBRK

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Rubrik, Inc. (NYSE:RBRK) by 22.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 53,336 shares of the company’s stock after acquiring an additional 9,731 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rubrik were worth $4,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. purchased a new stake in Rubrik in the 4th quarter worth $926,000. Merit Financial Group LLC purchased a new stake in Rubrik in the 4th quarter worth $349,000. KBC Group NV increased its holdings in Rubrik by 499.8% in the 4th quarter. KBC Group NV now owns 21,623 shares of the company’s stock worth $1,654,000 after acquiring an additional 18,018 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in Rubrik in the 4th quarter worth $37,146,000. Finally, Penn Mutual Asset Management increased its holdings in Rubrik by 56.3% in the 4th quarter. Penn Mutual Asset Management now owns 16,472 shares of the company’s stock worth $1,260,000 after acquiring an additional 5,931 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Stock Up 2.4%

Rubrik stock opened at $52.26 on Friday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $103.00. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of -29.52 and a beta of 0.63. The company has a fifty day simple moving average of $51.66 and a 200-day simple moving average of $64.76.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to analysts’ expectations of $342.43 million. During the same period in the previous year, the company earned ($0.18) EPS. Rubrik’s quarterly revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, research analysts anticipate that Rubrik, Inc. will post -1.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RBRK has been the subject of several recent analyst reports. Barclays cut their price target on shares of Rubrik from $100.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Rosenblatt Securities dropped their target price on shares of Rubrik from $120.00 to $95.00 and set a “buy” rating for the company in a report on Monday, March 9th. Citigroup dropped their target price on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating for the company in a report on Monday, March 16th. BMO Capital Markets upped their target price on shares of Rubrik from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Stephens began coverage on shares of Rubrik in a report on Monday, December 29th. They set an “overweight” rating and a $105.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.43.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the transaction, the chief financial officer owned 549,901 shares of the company’s stock, valued at approximately $28,424,382.69. The trade was a 3.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark D. Mclaughlin purchased 10,638 shares of the stock in a transaction dated Monday, March 30th. The shares were purchased at an average cost of $47.21 per share, for a total transaction of $502,219.98. Following the transaction, the director owned 13,639 shares in the company, valued at approximately $643,897.19. The trade was a 354.48% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 203,113 shares of company stock valued at $10,157,582 over the last 90 days. 32.38% of the stock is currently owned by corporate insiders.

Rubrik Profile

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).