Invesco Ltd. Invests $16.65 Million in Rubrik, Inc. $RBRK

Key Points

• Invesco Ltd. acquired a new stake in Rubrik, Inc., purchasing 273,108 shares valued at approximately $16.65 million, which amounts to about 0.14% ownership of the company.
• Institutional investors hold nearly 50% of Rubrik's stock, with significant stakes acquired by firms like Voloridge Investment Management and Bank of America, reflecting strong interest in the company.
• Rubrik reported quarterly earnings that exceeded expectations, with a revenue growth of 48.7% compared to the previous year, signaling positive financial momentum.

Invesco Ltd. purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 273,108 shares of the company's stock, valued at approximately $16,654,000. Invesco Ltd. owned about 0.14% of Rubrik as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Voloridge Investment Management LLC acquired a new position in shares of Rubrik in the fourth quarter worth $85,331,000. Green Alpha Advisors LLC grew its position in shares of Rubrik by 53.4% in the first quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock valued at $495,000 after purchasing an additional 2,824 shares during the period. BNP Paribas Financial Markets grew its position in shares of Rubrik by 2,899.7% in the fourth quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock valued at $20,508,000 after purchasing an additional 303,305 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Rubrik by 168.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after purchasing an additional 418,457 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Rubrik by 14.0% in the fourth quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock valued at $1,909,000 after purchasing an additional 3,593 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $82.93, for a total value of $290,255.00. Following the completion of the sale, the chief financial officer owned 517,095 shares of the company's stock, valued at $42,882,688.35. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yvonne Wassenaar sold 2,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $88.21, for a total value of $176,420.00. Following the completion of the sale, the director directly owned 2,855 shares of the company's stock, valued at $251,839.55. The trade was a 41.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,048,547 shares of company stock valued at $96,252,999. 32.38% of the stock is owned by insiders.

Rubrik Price Performance

RBRK stock traded down $0.93 during trading on Monday, reaching $87.84. 1,263,888 shares of the stock traded hands, compared to its average volume of 2,985,666. The business's 50 day moving average price is $87.88 and its 200-day moving average price is $78.13. Rubrik, Inc. has a 52-week low of $29.18 and a 52-week high of $103.00. The firm has a market capitalization of $17.00 billion, a PE ratio of -31.04 and a beta of 0.45.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. During the same period last year, the firm posted ($1.58) EPS. Rubrik's revenue was up 48.7% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. On average, equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald lifted their price objective on Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. CIBC lifted their price objective on Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a research report on Monday, June 9th. Wedbush lifted their price objective on Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. KeyCorp reaffirmed an "overweight" rating and issued a $113.00 price objective (up previously from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Finally, Roth Capital boosted their price target on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Fifteen 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.com, Rubrik currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

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.