Liberty Mutual Group Asset Management Inc. Trims Holdings in Rubrik, Inc. $RBRK

Key Points

• Liberty Mutual Group Asset Management Inc. reduced its stake in Rubrik, Inc. by 54.0%, now holding 8,248 shares worth approximately $739,000.
• Insider sales included Director John Wendell Thompson selling 9,009 shares, and Brian K. McCarthy selling 10,000 shares, indicating significant trading activity among company insiders.
• Rubrik reported a 44.9% increase in revenue year-over-year, with last quarter's revenue reaching $309.86 million, surpassing analysts' expectations.

Liberty Mutual Group Asset Management Inc. decreased its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 54.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,248 shares of the company's stock after selling 9,664 shares during the quarter. Rubrik comprises 0.2% of Liberty Mutual Group Asset Management Inc.'s investment portfolio, making the stock its 12th largest holding. Liberty Mutual Group Asset Management Inc.'s holdings in Rubrik were worth $739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RBRK. ST Germain D J Co. Inc. purchased a new position in Rubrik during the 2nd quarter worth $27,000. Beacon Capital Management LLC acquired a new stake in Rubrik in the 2nd quarter valued at about $29,000. PNC Financial Services Group Inc. acquired a new stake in Rubrik in the 1st quarter valued at about $30,000. Summit Securities Group LLC acquired a new stake in Rubrik in the 1st quarter valued at about $31,000. Finally, Comerica Bank grew its stake 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 acquiring an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Activity

In other news, Director John Wendell Thompson sold 9,009 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $82.76, for a total transaction of $745,584.84. Following the completion of the sale, the director owned 998 shares of the company's stock, valued at approximately $82,594.48. This trade represents a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian K. Mccarthy sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $83.03, for a total transaction of $830,300.00. Following the sale, the insider directly owned 359,319 shares of the company's stock, valued at $29,834,256.57. The trade was a 2.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,466 shares of company stock worth $10,913,314 over the last three months. Insiders own 32.38% of the company's stock.

Rubrik Stock Performance

NYSE RBRK opened at $78.35 on Wednesday. Rubrik, Inc. has a one year low of $37.38 and a one year high of $103.00. The company's 50 day moving average price is $84.47 and its 200 day moving average price is $82.11. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of -33.48 and a beta of 0.24.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. During the same period last year, the business earned ($0.40) EPS. The firm's revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 price objective on shares of Rubrik in a research note on Wednesday, September 10th. Wedbush reaffirmed an "outperform" rating and set a $120.00 price target on shares of Rubrik in a research note on Thursday, September 11th. Barclays increased their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Weiss Ratings reiterated a "sell (d)" rating on shares of Rubrik in a report on Wednesday, October 8th. Finally, CIBC increased their price objective on shares of Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a report on Thursday, September 11th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $108.67.

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.

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