Handelsbanken Fonder AB Has $3.56 Million Stock Position in Rubrik, Inc. $RBRK

Key Points

• Handelsbanken Fonder increased its Rubrik stake by 35.4% in the second quarter, acquiring 11,600 additional shares. Its 44,400-share position was valued at approximately $3.56 million.
• Rubrik reported quarterly revenue of $387.1 million, up 39% year over year, and earnings of $0.16 per share, exceeding analyst expectations. Institutional investors own 49.54% of the company.
• Analyst sentiment remains favorable, with 29 Buy ratings and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $94.20. Meanwhile, insiders sold about 317,682 shares worth $26.4 million over the past three months.

Handelsbanken Fonder AB grew its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 35.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,400 shares of the company's stock after buying an additional 11,600 shares during the quarter. Handelsbanken Fonder AB's holdings in Rubrik were worth $3,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in shares of Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock valued at $125,000 after acquiring an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Creative Planning grew its position in Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company's stock worth $418,000 after acquiring an additional 236 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Rubrik by 9.2% in the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company's stock worth $255,000 after purchasing an additional 282 shares in the last quarter. Finally, Essential Partners LLC increased its holdings in Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock worth $28,000 after purchasing an additional 284 shares in the last quarter. Institutional investors own 49.54% of the company's stock.

Insider Buying and Selling

In related news, Director Yvonne Wassenaar sold 721 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total value of $54,075.00. Following the sale, the director directly owned 3,917 shares in the company, valued at $293,775. This represents a 15.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the sale, the chief technology officer directly owned 293,293 shares of the company's stock, valued at $24,551,557.03. This represents a 4.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 317,682 shares of company stock valued at $26,402,176. Insiders own 13.66% of the company's stock.

Rubrik Trading Down 2.9%

Shares of RBRK opened at $102.08 on Friday. The stock's 50-day moving average price is $79.28 and its two-hundred day moving average price is $64.49. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $106.50. The company has a market capitalization of $21.01 billion, a PE ratio of -70.40 and a beta of 1.17.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same period in the previous year, the company posted ($0.15) EPS. The company's quarterly revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities research analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wedbush reissued an "outperform" rating and set a $90.00 price target on shares of Rubrik in a research note on Thursday, June 11th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research note on Monday, June 1st. DA Davidson reiterated a "buy" rating and issued a $90.00 price objective (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Rubrik in a report on Friday, June 26th. Finally, Guggenheim reiterated a "buy" rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.20.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company's platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).

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