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

California State Teachers Retirement System raised its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,127 shares of the company's stock after acquiring an additional 11,786 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Rubrik worth $14,781,716 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp grew its stake in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Rubrik by 9.2% during the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company's stock valued at $255,000 after purchasing an additional 282 shares during the last quarter. Essential Partners LLC grew its position in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock valued at $28,000 after purchasing an additional 284 shares during the period. Eventide Asset Management LLC grew its holdings in Rubrik by 2.7% during the fourth quarter. Eventide Asset Management LLC now owns 11,426 shares of the company's stock worth $877,000 after purchasing an additional 304 shares during the period. Finally, Versant Capital Management Inc grew its stake in Rubrik by 54.6% during the second quarter. Versant Capital Management Inc now owns 926 shares of the company's stock worth $74,000 after buying an additional 327 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $89.52, for a total value of $64,543.92. Following the sale, the director directly owned 3,709 shares in the company, valued at approximately $332,029.68. This trade represents a 16.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Thursday, September 10th. The shares were sold at an average price of $90.41, for a total value of $1,159,056.20. Following the sale, the chief technology officer owned 293,293 shares in the company, valued at approximately $26,516,620.13. This trade represents a 4.19% 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. Over the last three months, insiders sold 138,217 shares of company stock worth $11,706,692. Company insiders own 13.66% of the company's stock.

Analyst Ratings Changes

RBRK has been the topic of several research reports. Oppenheimer set a $120.00 price objective on shares of Rubrik in a research report on Thursday, August 20th. Piper Sandler raised their target price on shares of Rubrik from $91.00 to $114.00 and gave the stock an "overweight" rating in a research report on Friday, August 28th. Wells Fargo & Company raised their price target on shares of Rubrik from $90.00 to $120.00 and gave the company an "overweight" rating in a research report on Tuesday, August 25th. Wolfe Research restated an "outperform" rating and set a $120.00 target price on shares of Rubrik in a research note on Friday, August 28th. Finally, Guggenheim boosted their target price on shares of Rubrik from $110.00 to $116.00 and gave the company a "buy" rating in a research note on Monday, August 24th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Rubrik presently has a consensus rating of "Moderate Buy" and an average target price of $113.31.

Rubrik Price Performance

Shares of NYSE:RBRK traded up $1.50 during mid-day trading on Tuesday, hitting $101.70. The company had a trading volume of 2,052,598 shares, compared to its average volume of 3,747,324. The company has a market capitalization of $21.08 billion, a PE ratio of -80.62 and a beta of 1.24. The firm has a fifty day moving average price of $87.94 and a 200 day moving average price of $70.49. Rubrik, Inc. has a one year low of $42.25 and a one year high of $107.91.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly 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 company had revenue of $427.26 million during the quarter, compared to analysts' expectations of $396.30 million. During the same period last year, the firm earned ($0.03) earnings per share. Rubrik's revenue for the quarter was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Research analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

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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