Rubrik, Inc. $RBRK Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Rubrik, Inc. by 22.4% in Q1, owning approximately 0.26% of the company, valued at $30.35 million.
• Rubrik reported earnings of ($0.15) EPS for the quarter, surpassing estimates, and obtained a quarterly revenue of $278.48 million, marking a 48.7% year-over-year increase.
• Several analysts have raised their price targets for Rubrik, with Truist Financial increasing its target from $90.00 to $110.00, reflecting a consensus of a moderate buy on the stock.

Charles Schwab Investment Management Inc. boosted its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 22.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 497,719 shares of the company's stock after purchasing an additional 91,138 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.26% of Rubrik worth $30,351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Rubrik in the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. acquired a new position in Rubrik in the first quarter valued at approximately $30,000. Point72 Hong Kong Ltd purchased a new stake in Rubrik in the fourth quarter valued at approximately $47,000. Quarry LP purchased a new stake in Rubrik in the fourth quarter valued at approximately $48,000. Finally, CoreCap Advisors LLC purchased a new stake in Rubrik in the fourth quarter valued at approximately $59,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RBRK shares. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Cantor Fitzgerald boosted their price objective on Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Mizuho cut Rubrik from an "outperform" rating to a "neutral" rating and boosted their price objective for the company from $75.00 to $86.00 in a research note on Thursday, May 15th. Rosenblatt Securities boosted their price objective on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, CIBC boosted their price objective on Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a research note on Monday, June 9th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $100.38.

Rubrik Trading Up 4.0%

Shares of Rubrik stock traded up $3.4380 during trading hours on Friday, hitting $88.6780. 2,206,720 shares of the company were exchanged, compared to its average volume of 2,925,768. Rubrik, Inc. has a 1 year low of $29.18 and a 1 year high of $103.00. The business has a 50-day moving average of $87.88 and a 200-day moving average of $78.09. The stock has a market capitalization of $17.16 billion, a price-to-earnings ratio of -31.33 and a beta of 0.45.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. During the same quarter last year, the company earned ($1.58) EPS. Rubrik's revenue for the quarter was up 48.7% compared to the same quarter last year. 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, research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, Director Ravi Mhatre sold 16,984 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $89.47, for a total value of $1,519,558.48. Following the completion of the transaction, the director owned 81,842 shares in the company, valued at approximately $7,322,403.74. This represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $100.18, for a total value of $2,504,500.00. Following the completion of the transaction, the executive owned 454,584 shares of the company's stock, valued at $45,540,225.12. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,048,547 shares of company stock valued at $96,252,999 in the last three months. Insiders own 32.38% of the company's stock.

Rubrik Company 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.