Janus Henderson Group PLC Decreases Holdings in Rubrik, Inc. $RBRK

Janus Henderson Group PLC trimmed its position in Rubrik, Inc. (NYSE:RBRK) by 34.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,993 shares of the company’s stock after selling 43,721 shares during the period. Janus Henderson Group PLC’s holdings in Rubrik were worth $4,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in shares of Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after purchasing an additional 150 shares during the period. Atlantic Union Bankshares Corp increased its holdings in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period. Creative Planning raised its position in Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after buying an additional 236 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Rubrik by 9.2% during the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after acquiring an additional 282 shares during the period. Finally, Eventide Asset Management LLC lifted its stake in Rubrik by 2.7% during the 4th quarter. Eventide Asset Management LLC now owns 11,426 shares of the company’s stock valued at $877,000 after acquiring an additional 304 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rubrik

In related news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total value of $909,150.00. Following the transaction, the director directly owned 8,362 shares of the company’s stock, valued at approximately $691,119.30. This trade represents a 56.81% 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, CTO Arvind Nithrakashyap sold 199,447 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $84.28, for a total value of $16,809,393.16. Following the completion of the transaction, the chief technology officer owned 314,048 shares in the company, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their position. 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. Insiders have sold a total of 317,682 shares of company stock valued at $26,402,176 over the last ninety days. Corporate insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RBRK. Wolfe Research reiterated an “outperform” rating and issued a $95.00 price objective on shares of Rubrik in a research note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $91.00 price target on shares of Rubrik in a report on Thursday, June 11th. Barclays increased their price target on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of Rubrik in a report on Monday, June 15th. Finally, Oppenheimer upped their target price on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Twenty-nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and an average target price of $94.20.

Rubrik Stock Up 6.4%

NYSE:RBRK opened at $90.02 on Friday. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The stock’s 50-day moving average price is $77.24 and its 200-day moving average price is $63.28. The stock has a market capitalization of $18.53 billion, a PE ratio of -62.08 and a beta of 1.17.

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