Acadian Asset Management LLC Acquires 310,490 Shares of Rubrik, Inc. $RBRK

Key Points

• Acadian Asset Management LLC increased its ownership in Rubrik, Inc. by 4,007.4%, acquiring 310,490 shares, making their total stake approximately 0.17% worth $19.4 million.
• Several investment firms have raised their target prices for Rubrik's shares, with KeyCorp and CIBC setting new targets of $117.00 and $130.00, respectively, indicating strong support from analysts.
• Insider trading data shows significant sell-offs, with board members selling shares, indicating a 41.19% and a 90.03% decrease in ownership by two directors recently.

Acadian Asset Management LLC grew its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 4,007.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 318,238 shares of the company's stock after acquiring an additional 310,490 shares during the quarter. Acadian Asset Management LLC owned 0.17% of Rubrik worth $19,393,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RBRK. Dimensional Fund Advisors LP boosted its position in shares of Rubrik by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 36,741 shares of the company's stock valued at $2,401,000 after acquiring an additional 1,363 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Rubrik by 52.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 12,535 shares of the company's stock valued at $819,000 after acquiring an additional 4,303 shares during the period. Northern Trust Corp boosted its position in shares of Rubrik by 47.4% in the fourth quarter. Northern Trust Corp now owns 192,276 shares of the company's stock valued at $12,567,000 after acquiring an additional 61,857 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Rubrik by 14.0% in the fourth quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock valued at $1,909,000 after acquiring an additional 3,593 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in shares of Rubrik in the fourth quarter valued at about $59,000. Institutional investors own 49.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RBRK shares. Wall Street Zen cut shares of Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. CIBC upped their price objective on shares of Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a research report on Thursday. Robert W. Baird upped their price objective on shares of Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Guggenheim upped their price objective on shares of Rubrik from $105.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Finally, Barclays upped their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $104.38.

Insider Transactions at Rubrik

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $85.97, for a total value of $2,149,250.00. Following the completion of the transaction, the executive owned 431,052 shares in the company, valued at $37,057,540.44. This trade represents a 5.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Lightspeed Management Company, sold 16,984 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the transaction, the insider owned 59,182 shares of the company's stock, valued at approximately $5,295,013.54. This trade represents a 22.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,586 shares of company stock valued at $18,542,628. 32.38% of the stock is owned by company insiders.

Rubrik Stock Up 1.6%

Shares of RBRK stock traded up $1.18 on Monday, reaching $75.68. The company had a trading volume of 5,791,464 shares, compared to its average volume of 3,183,737. The stock has a market capitalization of $14.64 billion, a PE ratio of -32.34 and a beta of 0.43. Rubrik, Inc. has a one year low of $30.35 and a one year high of $103.00. The business's 50-day moving average is $87.58 and its 200 day moving average is $79.68.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.25 million. The firm's revenue was up 44.9% compared to the same quarter last year. During the same period last year, the company posted ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. On average, sell-side analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Rubrik Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.