Cisco Systems Inc. Invests $887,000 in Rubrik, Inc. $RBRK

Key Points

• Cisco Systems Inc. has made a new investment of approximately $887,000 in Rubrik, Inc., acquiring 9,898 shares, which now makes Rubrik 0.2% of Cisco's investment portfolio.
• Rubrik reported a revenue increase of 44.9% year-over-year, with quarterly earnings of ($0.03) per share, surpassing analysts' expectations.
• Sixteen analysts rate Rubrik’s stock as a Buy, with an average price target of $104.38, indicating strong market confidence in its future performance.

Cisco Systems Inc. purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,898 shares of the company's stock, valued at approximately $887,000. Rubrik makes up 0.2% of Cisco Systems Inc.'s investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in 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 in the last quarter. Voya Investment Management LLC boosted its position in Rubrik by 15.0% during the first quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock worth $137,035,000 after purchasing an additional 293,275 shares in the last quarter. Penserra Capital Management LLC boosted its position in Rubrik by 13.4% during the first quarter. Penserra Capital Management LLC now owns 1,006,111 shares of the company's stock worth $61,352,000 after purchasing an additional 119,258 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock worth $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Rubrik by 186.8% during the first quarter. BNP Paribas Financial Markets now owns 899,853 shares of the company's stock worth $54,873,000 after purchasing an additional 586,088 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Buying and Selling

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $85.97, for a total value of $2,149,250.00. Following the completion of the transaction, the executive directly owned 431,052 shares in the company, valued at approximately $37,057,540.44. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $2,981,015.70. Following the completion of the transaction, the chief technology officer owned 333,528 shares of the company's stock, valued at $24,751,112.88. The trade was a 10.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 210,858 shares of company stock valued at $17,780,477 in the last ninety days. Company insiders own 32.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on RBRK. Guggenheim increased their target price on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday, June 6th. Truist Financial increased their target price on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a report on Friday, June 6th. Rosenblatt Securities increased their target price on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. FBN Securities reissued an "outperform" rating on shares of Rubrik in a report on Wednesday, September 10th. Finally, Wall Street Zen cut Rubrik from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Sixteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $104.38.

Rubrik Trading Up 3.0%

Rubrik stock traded up $2.37 during mid-day trading on Friday, hitting $80.39. The company's stock had a trading volume of 10,098,419 shares, compared to its average volume of 4,753,439. The firm has a market capitalization of $15.55 billion, a PE ratio of -34.35 and a beta of 0.43. Rubrik, Inc. has a 1 year low of $30.35 and a 1 year high of $103.00. The stock's fifty day moving average is $86.46 and its two-hundred day moving average is $79.93.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.31. The business had revenue of $309.86 million during the quarter, compared to analysts' expectations of $282.25 million. The company's revenue was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. On average, equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

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.