California State Teachers Retirement System Raises Holdings in Rubrik, Inc. $RBRK

Key Points

• California State Teachers Retirement System increased its Rubrik stake by 8,477% in the second quarter, holding 14.78 million shares worth approximately $1.19 billion, or 7.18% of the company.
• Analyst sentiment remains broadly positive: 28 analysts rate Rubrik a Buy, one rates it a Sell, and the consensus target price is $113.31. Citigroup and Piper Sandler recently raised their price targets to $130 and $114, respectively.
• Rubrik reported quarterly revenue of $427.26 million, up 43.9% year over year, and adjusted EPS of $0.20, beating estimates. Shares opened at $86.45, while insiders sold $11.7 million of stock during the latest quarter.

California State Teachers Retirement System raised its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 8,477.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,781,716 shares of the company's stock after buying an additional 14,609,375 shares during the quarter. California State Teachers Retirement System owned about 7.18% of Rubrik worth $1,186,676,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock valued at $125,000 after acquiring an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock valued at $31,000 after purchasing an additional 200 shares during the period. Creative Planning lifted its stake in shares of Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company's stock valued at $418,000 after purchasing an additional 236 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Rubrik by 9.2% in the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company's stock worth $255,000 after purchasing an additional 282 shares during the period. Finally, Essential Partners LLC boosted its holdings in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock worth $28,000 after purchasing an additional 284 shares during the period. Institutional investors own 49.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RBRK. Citigroup increased their price target on Rubrik from $96.00 to $130.00 and gave the company a "buy" rating in a report on Friday, August 28th. Scotiabank reaffirmed an "outperform" rating on shares of Rubrik in a research note on Tuesday, August 25th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rubrik in a research report on Wednesday, June 24th. Piper Sandler boosted their price objective on shares of Rubrik from $91.00 to $114.00 and gave the company an "overweight" rating in a research report on Friday, August 28th. Finally, Stephens reissued an "overweight" rating on shares of Rubrik in a research note on Friday, August 28th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $113.31.

Rubrik Stock Down 2.8%

Shares of Rubrik stock opened at $86.45 on Friday. The firm's 50 day moving average price is $87.68 and its 200-day moving average price is $69.98. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $107.91. The company has a market cap of $17.79 billion, a P/E ratio of -68.61 and a beta of 1.24.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The business's revenue was up 43.9% compared to the same quarter last year. During the same quarter last year, the company earned ($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. As a group, equities research analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other news, CFO Kiran Choudary sold 10,000 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.32, for a total value of $983,200.00. Following the sale, the chief financial officer owned 978,073 shares in the company, valued at $96,164,137.36. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Thompson sold 11,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $89.03, for a total transaction of $979,330.00. Following the completion of the sale, the director owned 8,362 shares in the company, valued at $744,468.86. The trade was a 56.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 138,217 shares of company stock worth $11,706,692. 13.66% of the stock is owned by insiders.

About Rubrik

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company's principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.

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