463,419 Shares in Rubrik, Inc. $RBRK Bought by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board acquired 463,419 shares of Rubrik, Inc., valued at approximately $28.26 million, representing a 0.24% ownership stake in the company.
• Several institutional investors, including Vanguard and Bank of America, significantly increased their stakes in Rubrik during the first and fourth quarters, with institutional ownership now standing at 49.54%.
• Analysts have raised their price targets for Rubrik, with Wedbush increasing it from $80 to $120, while the company currently holds a consensus rating of "Moderate Buy" and a price target of $100.38.

Canada Pension Plan Investment Board purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 463,419 shares of the company's stock, valued at approximately $28,259,000. Canada Pension Plan Investment Board owned 0.24% of Rubrik as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RBRK. Voloridge Investment Management LLC acquired a new position in shares of Rubrik during the fourth quarter valued at $85,331,000. Bank of America Corp DE lifted its stake in Rubrik by 1,305.1% in the fourth quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock valued at $72,994,000 after buying an additional 1,037,319 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Rubrik during the first quarter worth about $52,092,000. Two Sigma Investments LP raised its position in shares of Rubrik by 4,440.9% during the fourth quarter. Two Sigma Investments LP now owns 649,349 shares of the company's stock worth $42,441,000 after purchasing an additional 635,049 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Rubrik by 9.7% during the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock worth $423,512,000 after purchasing an additional 616,917 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RBRK shares. Truist Financial raised their price target on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. UBS Group reissued a "buy" rating on shares of Rubrik in a research report on Friday, June 6th. KeyCorp reissued an "overweight" rating and issued a $113.00 target price (up previously from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Wall Street Zen lowered Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $110.00 target price (up previously from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Rubrik Stock Down 0.2%

Shares of RBRK stock traded down $0.21 during trading on Wednesday, reaching $87.69. 1,755,755 shares of the company's stock were exchanged, compared to its average volume of 2,259,671. The stock has a market capitalization of $16.97 billion, a PE ratio of -30.98 and a beta of 0.43. Rubrik, Inc. has a twelve month low of $29.18 and a twelve month high of $103.00. The firm's fifty day moving average price is $87.81 and its 200-day moving average price is $78.78.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. The business's quarterly revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.58) earnings per share. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. As a group, analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Activity

In other news, Director Yvonne Wassenaar sold 2,000 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $88.21, for a total transaction of $176,420.00. Following the completion of the sale, the director directly owned 2,855 shares in the company, valued at approximately $251,839.55. This represents a 41.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ravi Mhatre sold 16,984 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $89.47, for a total value of $1,519,558.48. Following the sale, the director owned 81,842 shares of the company's stock, valued at approximately $7,322,403.74. The trade was a 17.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 976,554 shares of company stock worth $89,170,211. 32.38% of the stock is owned by insiders.

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.