Corient Private Wealth LP Buys Shares of 144,651 Rubrik, Inc. $RBRK

Key Points

• Corient Private Wealth LP acquired 144,651 Rubrik shares worth approximately $11.6 million, giving it a 0.07% stake. Institutional investors and hedge funds collectively own 49.54% of the company.
• Rubrik reported strong operating momentum, with quarterly revenue up 43.9% year over year to $427.3 million and EPS of $0.20, beating estimates of $0.04. Analysts remain broadly bullish, with 28 Buy ratings and an average price target of $113.31.
• Shares opened at $104.91, near the 52-week high of $107.91, but valuation and execution risks remain as the company is still unprofitable on a trailing basis. Recent insider sales totaled 138,217 shares worth about $11.7 million, conducted under pre-arranged trading plans.

Corient Private Wealth LP bought a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 144,651 shares of the company's stock, valued at approximately $11,613,000. Corient Private Wealth LP owned about 0.07% of Rubrik at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Rubrik in the fourth quarter valued at approximately $345,907,000. Geode Capital Management LLC grew its holdings in Rubrik by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company's stock worth $193,433,000 after acquiring an additional 178,714 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Legal & General Group Plc raised its position in shares of Rubrik by 8.6% during the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company's stock valued at $145,680,000 after acquiring an additional 151,234 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Rubrik by 7.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,363,888 shares of the company's stock valued at $104,310,000 after purchasing an additional 96,360 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

Trending Headlines about Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: AI cybersecurity product expansion: Rubrik introduced Code Guardian, an Anthropic Claude-powered tool that red-teams software code in an air-gapped environment to identify attack paths and prioritize cyber risks. The launch positions Rubrik to benefit from growing concern about vulnerabilities created by autonomous AI agents. Rubrik Unveils Rubrik Code Guardian
• Positive Sentiment: Agentic AI integration: Rubrik added Model Context Protocol support, giving customers’ AI agents secure, programmable access to Rubrik’s data, identity and application intelligence. Management said Rubrik AI is already used by roughly one-third of its global customers, supporting the company’s strategy to combine AI automation with security guardrails. Rubrik Adds New MCP Support
• Positive Sentiment: Strong operating momentum: Recent coverage highlights approximately 38% quarterly revenue growth, net annual recurring revenue of $1.66 billion, subscription ARR growth of about 33%, net retention above 119% and improving margins. Analysts and investors view Rubrik’s cash position and projected free cash flow as additional support for its premium valuation. Rubrik: Right Place, Right Time
• Positive Sentiment: Higher analyst expectations: Rubrik’s consensus price target was reported to have increased 11.53% to $122.31, reinforcing bullish sentiment and suggesting analysts see further upside despite the recent rally. Rubrik consensus price target increased
• Neutral Sentiment: Valuation remains debated: Bullish analysts argue that Rubrik’s roughly 10–11 times forward revenue valuation is reasonable relative to growth, cash generation and cybersecurity peers. However, other coverage questions how much future growth is already reflected in the stock price and warns that any slowdown could pressure the multiple. How Much Slowdown Is Rubrik Stock Priced For?
• Negative Sentiment: Momentum and execution risk: Rubrik has nearly doubled from its April lows and trades near its 52-week peak, increasing the risk of profit-taking. The stock also remains unprofitable on a trailing basis, leaving it sensitive to weaker growth, delayed margin expansion or disappointing guidance.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of the firm's stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $84.58, for a total value of $1,084,315.60. Following the completion of the transaction, the chief technology officer owned 303,611 shares of the company's stock, valued at approximately $25,679,418.38. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 10,000 shares of Rubrik stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.32, for a total transaction of $983,200.00. Following the completion of the sale, the chief financial officer owned 978,073 shares in the company, valued at $96,164,137.36. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 138,217 shares of company stock worth $11,706,692. 13.66% of the stock is owned by insiders.

Rubrik Stock Performance

NYSE:RBRK opened at $104.91 on Thursday. The stock has a 50-day simple moving average of $88.68 and a 200 day simple moving average of $71.20. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $107.91. The company has a market cap of $21.75 billion, a PE ratio of -83.26 and a beta of 1.24.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. The company's revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, research analysts predict that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RBRK. DA Davidson raised their price target on Rubrik from $90.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Piper Sandler increased their target price on Rubrik from $91.00 to $114.00 and gave the company an "overweight" rating in a research note on Friday, August 28th. Loop Capital assumed coverage on Rubrik in a report on Monday, August 3rd. They set a "buy" rating and a $100.00 target price on the stock. Wells Fargo & Company boosted their target price on Rubrik from $90.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 25th. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Rubrik in a research note on Monday, August 31st. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $113.31.

Rubrik Profile

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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