Swiss National Bank Boosts Position in Rubrik, Inc. $RBRK

Swiss National Bank boosted its holdings in Rubrik, Inc. (NYSE:RBRK) by 5.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 292,100 shares of the company’s stock after purchasing an additional 15,200 shares during the quarter. Swiss National Bank’s holdings in Rubrik were worth $14,304,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Rubrik during the fourth quarter worth approximately $345,907,000. First Trust Advisors LP boosted its holdings in shares of Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after buying an additional 2,116,272 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after buying an additional 1,696,342 shares during the last quarter. Vanguard Group Inc. raised its stake in Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after acquiring an additional 1,678,255 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Rubrik during the 3rd quarter worth $97,828,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays upped their price objective on shares of Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of Rubrik in a report on Thursday, June 11th. Robert W. Baird raised their price target on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Oppenheimer boosted their price objective on Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, DA Davidson restated a “buy” rating and set a $90.00 target price (up from $70.00) on shares of Rubrik in a research report on Thursday, June 11th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.96.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $84.58, for a total value of $1,084,315.60. Following the transaction, the chief technology officer directly owned 303,611 shares of the company’s stock, valued at approximately $25,679,418.38. The trade was a 4.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $83.10, for a total transaction of $330,654.90. Following the transaction, the director owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. The trade was a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 291,321 shares of company stock worth $24,074,426 over the last three months. 13.66% of the stock is owned by company insiders.

Rubrik Stock Up 0.7%

NYSE RBRK opened at $73.17 on Friday. The firm 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 52-week low of $42.25 and a 52-week high of $99.75. The business’s 50-day moving average price is $75.22 and its 200 day moving average price is $62.84.

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