Harbour Capital Advisors LLC Buys New Stake in Rubrik, Inc. $RBRK

Key Points

• Harbour Capital Advisors LLC has acquired a new stake in Rubrik, Inc., purchasing 3,540 shares valued at approximately $303,000 in the 2nd quarter.
• Multiple institutional investors, including BNP Paribas Financial Markets and Goldman Sachs, have significantly increased their holdings in Rubrik, indicating strong institutional interest in the stock.
• Rubrik reported better-than-expected quarterly earnings with a revenue of $309.86 million, surpassing analysts' estimates, and set guidance for Q3 2026 EPS at between -0.180 to -0.160.

Harbour Capital Advisors LLC acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,540 shares of the company's stock, valued at approximately $303,000.

Other institutional investors have also modified their holdings of the company. Amundi lifted its stake in Rubrik by 0.7% in the 1st quarter. Amundi now owns 37,116 shares of the company's stock valued at $2,132,000 after acquiring an additional 262 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock valued at $76,000 after buying an additional 300 shares in the last quarter. Comerica Bank grew its holdings in Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after buying an additional 395 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Rubrik in the 1st quarter valued at $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of Rubrik during the 1st quarter valued at $31,000. Institutional investors own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Robert W. Baird upped their price objective on Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Wedbush restated an "outperform" rating and set a $120.00 price objective on shares of Rubrik in a research report on Thursday, September 11th. KeyCorp raised their price objective on Rubrik from $113.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. FBN Securities reaffirmed an "outperform" rating on shares of Rubrik in a research note on Wednesday, September 10th. Finally, Roth Capital raised their target price on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Sixteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $104.38.

Insider Transactions at Rubrik

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the business's 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 sale, the executive owned 431,052 shares in the company, valued at approximately $37,057,540.44. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were 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 directly owned 333,528 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 210,858 shares of company stock worth $17,780,477. Company insiders own 32.38% of the company's stock.

Rubrik Trading Up 1.1%

Shares of RBRK traded up $0.90 during midday trading on Tuesday, reaching $81.39. The stock had a trading volume of 2,748,465 shares, compared to its average volume of 3,254,000. The company's 50-day moving average is $86.36 and its 200 day moving average is $80.36. Rubrik, Inc. has a 12-month low of $30.35 and a 12-month high of $103.00. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of -34.83 and a beta of 0.44.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to analysts' expectations of $282.25 million. The company's revenue was up 44.9% compared to the same quarter last year. During the same quarter in the prior 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. Research analysts forecast 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.