Assenagon Asset Management S.A. Makes New Investment in Rubrik, Inc. $RBRK

Key Points

• Assenagon Asset Management S.A. has acquired approximately $50.27 million in Rubrik, Inc. stock, representing a 0.29% ownership stake as of the end of the last quarter.
• Insider trades included significant stock sales by CRO Brian K. McCarthy and CFO Kiran Kumar Choudary, totaling $608,430, indicating a decrease in their ownership positions.
• Analysts have set optimistic price targets for Rubrik, with Wells Fargo raising their target from $80.00 to $125.00, contributing to a Moderate Buy consensus rating among 19 analysts.

Assenagon Asset Management S.A. purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 561,130 shares of the company's stock, valued at approximately $50,272,000. Assenagon Asset Management S.A. owned 0.29% of Rubrik at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RBRK. Ameriprise Financial Inc. raised its position in Rubrik by 14.0% during the 4th quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock worth $1,909,000 after buying an additional 3,593 shares during the last quarter. ProShare Advisors LLC purchased a new position in Rubrik during the 4th quarter worth $398,000. Toronto Dominion Bank purchased a new position in Rubrik during the 4th quarter worth $1,634,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Rubrik by 168.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock worth $43,610,000 after buying an additional 418,457 shares during the last quarter. Finally, PharVision Advisers LLC purchased a new position in shares of Rubrik in the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Stock Up 1.2%

Shares of RBRK traded up $0.93 during mid-day trading on Tuesday, reaching $81.42. 2,748,465 shares of the stock traded hands, compared to its average volume of 3,254,000. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of -34.83 and a beta of 0.44. The stock has a fifty day simple moving average of $86.36 and a 200 day simple moving average of $80.36. Rubrik, Inc. has a 12-month low of $30.35 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to analyst estimates of $282.25 million. The firm's quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the business 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, equities research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

RBRK has been the subject of a number of research analyst reports. UBS Group reiterated a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Guggenheim increased their price target on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday, June 6th. FBN Securities reiterated an "outperform" rating on shares of Rubrik in a report on Wednesday, September 10th. Wedbush reissued an "outperform" rating and issued a $120.00 price objective on shares of Rubrik in a research note on Thursday, September 11th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Sixteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.38.

Insider Activity at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 40,170 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $2,981,015.70. Following the sale, the chief technology officer directly owned 333,528 shares in the company, valued at approximately $24,751,112.88. The trade was a 10.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lightspeed Management Company, sold 16,984 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the sale, the insider owned 59,182 shares in the company, valued at approximately $5,295,013.54. This trade represents a 22.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 210,858 shares of company stock valued at $17,780,477. Company insiders own 32.38% of the company's stock.

About Rubrik

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.