376,774 Shares in Rubrik, Inc. $RBRK Purchased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments initiated a Rubrik position, buying 376,774 shares worth about $43.5 million, or roughly 0.18% of the company. Institutional investors collectively held 49.54% of Rubrik’s stock.
• Rubrik reported quarterly EPS of $0.20, beating the $0.04 estimate, while revenue of $427.3 million exceeded forecasts and rose 43.9% year over year.
• Analyst sentiment is broadly positive: 30 analysts rate the stock Buy and one rates it Sell, with a consensus price target of $118.04. Insiders sold 139,583 shares worth about $15.1 million during the quarter.

Allspring Global Investments Holdings LLC bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 376,774 shares of the company's stock, valued at approximately $43,480,000. Allspring Global Investments Holdings LLC owned approximately 0.18% of Rubrik as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Rubrik by 2.2% during the third quarter. Brighton Jones LLC now owns 29,152 shares of the company's stock worth $3,337,000 after purchasing an additional 639 shares in the last quarter. Ethic Inc. bought a new position in Rubrik during the third quarter valued at about $378,000. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Rubrik during the third quarter valued at $1,374,000. United Advisor Group LLC acquired a new stake in shares of Rubrik during the third quarter worth approximately $247,000. Finally, Plancorp LLC acquired a new position in Rubrik during the third quarter worth $272,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Transactions at Rubrik

In other Rubrik news, Director John Thompson sold 11,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $117.27, for a total transaction of $1,289,970.00. Following the sale, the director owned 8,362 shares of the company's stock, valued at approximately $980,611.74. This trade represents a 56.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $118.08, for a total value of $1,513,785.60. Following the sale, the chief technology officer owned 272,538 shares of the company's stock, valued at approximately $32,181,287.04. This represents a 4.49% 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 quarter, insiders sold 139,583 shares of company stock valued at $15,125,212. Company insiders own 13.66% of the company's stock.

Analysts Set New Price Targets

RBRK has been the topic of several research analyst reports. UBS Group restated a "buy" rating and issued a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. Yorkville Ives assumed coverage on shares of Rubrik in a research report on Tuesday, October 6th. They issued an "outperform" rating and a $145.00 price objective on the stock. Wolfe Research reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Robert W. Baird raised their price objective on shares of Rubrik from $130.00 to $139.00 and gave the company an "outperform" rating in a report on Wednesday, September 23rd. Finally, Barclays raised their price objective on Rubrik from $110.00 to $115.00 and gave the company an "overweight" rating in a research note 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 stock. According to MarketBeat.com, Rubrik has an average rating of "Moderate Buy" and a consensus target price of $118.04.

Rubrik Trading Down 0.0%

Shares of Rubrik stock opened at $109.32 on Thursday. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $139.92. The business has a fifty day simple moving average of $112.92 and a two-hundred day simple moving average of $78.55. The firm has a market capitalization of $22.66 billion, a P/E ratio of -86.76 and a beta of 1.08.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping 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. Rubrik's revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Analysts predict that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Rubrik Profile

Rubrik, Inc. is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents. The company's Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.

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