Charles Schwab Investment Management Inc. Buys 91,138 Shares of Rubrik, Inc. $RBRK

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. raised its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 22.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 497,719 shares of the company's stock after buying an additional 91,138 shares during the period. 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 also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik during the 4th quarter valued at $28,000. PNC Financial Services Group Inc. acquired a new stake in shares of Rubrik during the 1st quarter valued at $30,000. Point72 Hong Kong Ltd acquired a new stake in shares of Rubrik during the 4th quarter valued at $47,000. Quarry LP acquired a new stake in shares of Rubrik during the 4th quarter valued at $48,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Rubrik during the 4th quarter valued at $59,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Insider Activity

In other Rubrik news, Director Ravi Mhatre sold 16,984 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the transaction, the director owned 81,842 shares of the company's stock, valued at $7,322,403.74. The trade was a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Arvind Nithrakashyap sold 43,128 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total transaction of $3,819,415.68. Following the transaction, the chief technology officer directly owned 38,122 shares of the company's stock, valued at approximately $3,376,084.32. This represents a 53.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,048,547 shares of company stock worth $96,252,999. Insiders own 32.38% of the company's stock.

Rubrik Price Performance

Shares of RBRK stock traded down $0.93 on Monday, hitting $87.84. The company's stock had a trading volume of 1,264,026 shares, compared to its average volume of 2,933,456. Rubrik, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $103.00. The firm's fifty day moving average price is $87.80 and its 200-day moving average price is $78.22. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of -31.04 and a beta of 0.45.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RBRK shares. Robert W. Baird lifted their target price on shares of Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Truist Financial lifted their price objective on shares of Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. CIBC lifted their price objective on shares of Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a research note on Monday, June 9th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $110.00 price objective (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Finally, Wedbush lifted their price objective on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Rubrik has an average rating of "Moderate Buy" and a consensus target price of $100.38.

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.