Maryland State Retirement & Pension System Invests $423,000 in Rubrik, Inc. $RBRK

Key Points

• The Maryland State Retirement & Pension System invested approximately $423,000 in Rubrik, Inc., acquiring 4,718 shares during the second quarter.
• Several brokerages have upgraded their ratings on Rubrik, with Barclays raising the target price from $115.00 to $120.00.
• Rubrik reported a revenue increase of 44.9% year-over-year, reaching $309.86 million for the quarter, significantly exceeding analysts' expectations.

Maryland State Retirement & Pension System acquired a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,718 shares of the company's stock, valued at approximately $423,000.

Several other institutional investors also recently modified their holdings of RBRK. Virtus Wealth Solutions LLC acquired a new stake in Rubrik in the 2nd quarter valued at $8,108,000. KLP Kapitalforvaltning AS increased its holdings in Rubrik by 24.5% in the second quarter. KLP Kapitalforvaltning AS now owns 19,800 shares of the company's stock valued at $1,774,000 after purchasing an additional 3,900 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Rubrik by 8.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 11,446 shares of the company's stock valued at $1,025,000 after purchasing an additional 896 shares during the last quarter. Firethorn Wealth Partners LLC acquired a new position in shares of Rubrik during the second quarter worth about $346,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Rubrik during the second quarter worth about $676,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RBRK. Cantor Fitzgerald reissued an "overweight" rating and set a $115.00 price target on shares of Rubrik in a research report on Wednesday, September 10th. Barclays increased their target price on Rubrik from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. FBN Securities reiterated an "outperform" rating on shares of Rubrik in a research note on Wednesday, September 10th. CIBC raised their price objective on Rubrik from $125.00 to $130.00 and gave the company an "outperformer" rating in a report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Rubrik in a report on Wednesday, October 8th. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $108.67.

Rubrik Stock Performance

Shares of RBRK opened at $83.28 on Tuesday. The stock has a 50 day moving average price of $84.66 and a two-hundred day moving average price of $82.13. The firm has a market capitalization of $16.44 billion, a P/E ratio of -35.59 and a beta of 0.24. Rubrik, Inc. has a 52 week low of $37.38 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. The business's revenue for the quarter was up 44.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($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. On average, equities analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 40,170 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 $2,981,015.70. Following the transaction, the chief technology officer owned 333,528 shares in the company, valued at approximately $24,751,112.88. This represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total value of $745,584.84. Following the sale, the director owned 998 shares in the company, valued at approximately $82,594.48. This represents a 90.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,466 shares of company stock valued at $10,083,014. Company insiders own 32.38% of the company's stock.

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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