KBC Group NV Purchases 7,425 Shares of Rubrik, Inc. $RBRK

KBC Group NV grew its position in Rubrik, Inc. (NYSE:RBRK) by 34.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,048 shares of the company’s stock after purchasing an additional 7,425 shares during the period. KBC Group NV’s holdings in Rubrik were worth $1,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RBRK. Atlantic Union Bankshares Corp raised its position in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Rubrik in the 3rd quarter valued at approximately $34,000. Triumph Capital Management bought a new stake in Rubrik in the 4th quarter valued at approximately $33,000. Los Angeles Capital Management LLC acquired a new position in Rubrik during the 4th quarter worth approximately $35,000. Finally, Advocate Investing Services LLC acquired a new position in Rubrik during the 4th quarter worth approximately $38,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RBRK shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Oppenheimer increased their target price on shares of Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. KeyCorp raised their target price on shares of Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. DA Davidson reissued a “buy” rating and set a $90.00 price target (up from $70.00) on shares of Rubrik in a research report on Thursday, June 11th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Rubrik in a research note on Friday, June 26th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and a consensus target price of $93.96.

Insider Activity

In related news, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $71.49, for a total value of $284,458.71. Following the completion of the sale, the director directly owned 113,477 shares in the company, valued at approximately $8,112,470.73. This trade represents a 3.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Yvonne Wassenaar sold 2,838 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $75.00, for a total value of $212,850.00. Following the transaction, the director directly owned 2,326 shares in the company, valued at $174,450. The trade was a 54.96% 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 90 days, insiders sold 291,321 shares of company stock worth $24,074,426. Insiders own 13.66% of the company’s stock.

Rubrik Stock Up 0.7%

Shares of Rubrik stock opened at $73.17 on Friday. The stock has a market cap of $15.06 billion, a P/E ratio of -50.46 and a beta of 1.10. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The business’s 50 day moving average is $75.22 and its 200-day moving average is $62.84.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. Rubrik’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, sell-side analysts expect that Rubrik, Inc. will post -1.16 EPS for the current year.

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).