B. Metzler seel. Sohn & Co. AG Takes Position in Rubrik, Inc. $RBRK

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a new position in Rubrik, buying 27,172 shares (~$2.24M) in Q3, while other large funds — including Vanguard, First Trust, Voya and Federated Hermes — materially increased stakes and Norges Bank opened a ~$219M position, leaving institutional investors with about 49.54% ownership.
• Company insiders have been net sellers recently: the CTO and CFO disclosed sales and insiders sold 257,878 shares worth roughly $19.06M in the past 90 days, though insiders still own about 32.38% of the stock.
• Analyst consensus is a "Moderate Buy" with an average price target of $98.68 despite several firms trimming targets; Rubrik trades near $57, has a market cap of $11.41B, a negative P/E (-29.25), and a 52-week range of $46.36–$103.00.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,172 shares of the company's stock, valued at approximately $2,235,000.

Several other large investors have also made changes to their positions in RBRK. Vanguard Group Inc. boosted its holdings in Rubrik by 8.3% in the third quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company's stock valued at $1,070,586,000 after acquiring an additional 993,634 shares during the last quarter. First Trust Advisors LP raised its holdings in Rubrik by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 4,947,785 shares of the company's stock worth $406,955,000 after purchasing an additional 485,080 shares during the last quarter. Voya Investment Management LLC lifted its position in Rubrik by 18.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company's stock valued at $293,552,000 after purchasing an additional 543,855 shares during the period. Norges Bank bought a new position in shares of Rubrik in the 2nd quarter valued at about $219,132,000. Finally, Federated Hermes Inc. boosted its stake in shares of Rubrik by 101.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company's stock valued at $200,506,000 after purchasing an additional 1,229,476 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 4,648 shares of Rubrik stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $70.40, for a total transaction of $327,219.20. Following the transaction, the chief technology officer directly owned 337,010 shares of the company's stock, valued at $23,725,504. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $54.17, for a total transaction of $1,083,400.00. Following the completion of the transaction, the chief financial officer directly owned 474,959 shares of the company's stock, valued at $25,728,529.03. This trade represents a 4.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 257,878 shares of company stock valued at $19,061,021. 32.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. KeyCorp dropped their price target on shares of Rubrik from $95.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, February 17th. Robert W. Baird reduced their price objective on shares of Rubrik from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday. Mizuho lowered their target price on shares of Rubrik from $97.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, February 17th. Barclays dropped their target price on shares of Rubrik from $100.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, March 3rd. Finally, UBS Group restated a "buy" rating on shares of Rubrik in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $98.68.

Rubrik Price Performance

Rubrik stock opened at $57.03 on Tuesday. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of -29.25 and a beta of 0.46. The company's 50 day simple moving average is $60.84 and its 200 day simple moving average is $72.55. Rubrik, Inc. has a fifty-two week low of $46.36 and a fifty-two week high of $103.00.

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).

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