12,093 Rubrik, Inc. $RBRK Shares Bought by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its Rubrik holdings by 4.3%, buying 12,093 shares in the third quarter to own 294,291 shares valued at about $33.7 million.
• Rubrik reported quarterly EPS of $0.20, topping the $0.04 consensus, while revenue rose 43.9% year over year to $427.3 million—above analyst expectations.
• Insiders sold 139,583 shares worth about $15.1 million over 90 days, with some sales under pre-arranged trading plans. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $118.04.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 4.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 294,291 shares of the company's stock after buying an additional 12,093 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.14% of Rubrik worth $33,687,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RBRK. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Rubrik in the third quarter valued at about $3,180,000. MGO One Seven LLC bought a new position in shares of Rubrik in the third quarter worth about $209,000. Americana Partners LLC purchased a new stake in shares of Rubrik during the third quarter worth about $324,000. LJI Wealth Management LLC purchased a new stake in shares of Rubrik during the third quarter worth about $229,000. Finally, State of Wyoming bought a new stake in Rubrik during the 3rd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik News Roundup

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik announced that its cyber-resilience capabilities now cover enterprise unstructured data, expanding the reach of its data-protection offering. This could support customer adoption, though the reports provide no financial guidance tied to the launch. Article: Rubrik Extends Cyber Resilience Across Enterprise Unstructured Data
• Neutral Sentiment: Rubrik’s Authorized Intelligence podcast joined the N2K CyberWire network. The expanded distribution may raise awareness of Rubrik’s expertise, but the announcement does not indicate a direct effect on sales or earnings. Article: Rubrik podcast joins the N2K CyberWire network
• Negative Sentiment: Several insiders reported stock sales, including CTO Arvind Nithrakashyap (12,820 shares) and directors John Thompson (11,000 shares) and Yvonne Wassenaar (721 shares). These sales can concern investors, although the transactions were made under pre-arranged Rule 10b5-1 plans; the CTO retained a substantial stake. Article: Rubrik director stock sale

Insider Activity

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $90.41, for a total value of $1,159,056.20. Following the sale, the chief technology officer owned 293,293 shares in the company, valued at approximately $26,516,620.13. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Thompson sold 11,000 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the completion of the sale, the director owned 8,362 shares in the company, valued at $967,399.78. This represents a 56.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 139,583 shares of company stock worth $15,125,212. 13.66% of the stock is currently owned by insiders.

Rubrik Trading Down 11.4%

NYSE:RBRK opened at $105.47 on Friday. The company has a market capitalization of $21.86 billion, a P/E ratio of -83.70 and a beta of 1.08. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $139.92. The business's 50-day moving average is $111.85 and its 200 day moving average is $77.67.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. During the same period in the previous year, the company posted ($0.03) earnings per share. Rubrik's quarterly revenue was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, research analysts forecast that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RBRK shares. Wedbush boosted their price target on Rubrik from $120.00 to $150.00 and gave the stock an "outperform" rating in a report on Monday, October 26th. BTIG Research increased their price objective on shares of Rubrik from $109.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 28th. UBS Group reiterated a "buy" rating and set a $106.00 price objective on shares of Rubrik in a research report on Wednesday, August 19th. Piper Sandler boosted their target price on shares of Rubrik from $91.00 to $114.00 and gave the stock an "overweight" rating in a report on Friday, August 28th. Finally, BMO Capital Markets upped their target price on shares of Rubrik from $98.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, August 28th. Thirty equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Rubrik currently has a consensus rating of "Moderate Buy" and an average target price of $118.04.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company's Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.

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