FNY Investment Advisers LLC Raises Holdings in Rubrik, Inc. $RBRK

Key Points

• FNY Investment Advisers LLC significantly increased its stake in Rubrik, Inc. by 62,318.2% during the second quarter, acquiring a total of 6,866 shares valued at approximately $615,000.
• Several other institutional investors, including Northern Trust Corp and Perpetual Ltd, also expanded their holdings in Rubrik, indicating growing institutional interest in the company.
• Rubrik reported quarterly earnings surpassing estimates, with revenue up 44.9% year-over-year, while current analyst ratings reflect a consensus of "Moderate Buy" with an average target price of $108.67.

FNY Investment Advisers LLC boosted its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 62,318.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,866 shares of the company's stock after buying an additional 6,855 shares during the period. FNY Investment Advisers LLC's holdings in Rubrik were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in Rubrik by 23.1% in the first quarter. Northern Trust Corp now owns 236,649 shares of the company's stock valued at $14,431,000 after buying an additional 44,373 shares during the last quarter. Robocap Asset Management Ltd boosted its position in Rubrik by 186.8% in the first quarter. Robocap Asset Management Ltd now owns 109,099 shares of the company's stock valued at $6,653,000 after buying an additional 71,064 shares during the last quarter. Perpetual Ltd boosted its position in Rubrik by 8,282.0% in the second quarter. Perpetual Ltd now owns 587,156 shares of the company's stock valued at $52,603,000 after buying an additional 580,151 shares during the last quarter. Hsbc Holdings PLC boosted its position in Rubrik by 200.2% in the first quarter. Hsbc Holdings PLC now owns 87,358 shares of the company's stock valued at $5,317,000 after buying an additional 58,258 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in Rubrik by 1,610.7% in the first quarter. Bessemer Group Inc. now owns 165,594 shares of the company's stock valued at $10,098,000 after buying an additional 155,914 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insiders Place Their Bets

In other news, CRO Brian K. Mccarthy sold 12,500 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $87.29, for a total transaction of $1,091,125.00. Following the completion of the transaction, the executive directly owned 418,552 shares of the company's stock, valued at $36,535,404.08. This represents a 2.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the company's 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 $489,711.79. Following the transaction, the chief financial officer directly owned 516,184 shares of the company's stock, valued at approximately $38,306,014.64. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,466 shares of company stock valued at $10,898,894. Corporate insiders own 32.38% of the company's stock.

Rubrik Price Performance

Shares of RBRK stock opened at $79.84 on Wednesday. The company has a market cap of $15.76 billion, a price-to-earnings ratio of -34.12 and a beta of 0.24. The stock has a 50 day simple moving average of $83.48 and a 200-day simple moving average of $82.80. Rubrik, Inc. has a 1-year low of $37.38 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $282.25 million. The company's quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($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. Analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on RBRK shares. Rosenblatt Securities upped their target price on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. FBN Securities reiterated an "outperform" rating on shares of Rubrik in a research report on Wednesday, September 10th. Cantor Fitzgerald restated an "overweight" rating and issued a $115.00 price objective on shares of Rubrik in a research report on Wednesday, September 10th. Wall Street Zen lowered Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, CIBC upped their price objective on Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a research report on Thursday, September 11th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rubrik has a consensus rating of "Moderate Buy" and an average target price of $108.67.

About Rubrik

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.

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