Mirae Asset Global Investments Co. Ltd. Takes Position in Rubrik, Inc. $RBRK

Key Points

• Mirae Asset Global Investments acquired approximately $676,000 worth of Rubrik, Inc. stock in Q2, purchasing 7,545 shares according to their latest SEC filing.
• Several institutional investors made significant increases in their stakes in Rubrik during Q1, with BNP Paribas Financial Markets leading with a 186.8% increase.
• Analysts have mixed views on Rubrik, with 16 rating it as a Buy and recent price target adjustments suggesting ongoing interest in the stock despite a sell rating from Weiss Ratings.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,545 shares of the company's stock, valued at approximately $676,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Rubrik by 9.7% in the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock valued at $423,512,000 after buying an additional 616,917 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Rubrik by 15.0% in the first quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock valued at $137,035,000 after buying an additional 293,275 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Rubrik by 13.4% in the first quarter. Penserra Capital Management LLC now owns 1,006,111 shares of the company's stock valued at $61,352,000 after buying an additional 119,258 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock valued at $57,343,000 after buying an additional 236,181 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Rubrik by 186.8% in the first quarter. BNP Paribas Financial Markets now owns 899,853 shares of the company's stock valued at $54,873,000 after buying an additional 586,088 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings restated a "sell (d)" rating on shares of Rubrik in a research note on Wednesday. Wall Street Zen cut Rubrik from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. KeyCorp raised their price target on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. CIBC raised their price target on Rubrik from $125.00 to $130.00 and gave the company an "outperformer" rating in a report on Thursday, September 11th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $115.00 price target on shares of Rubrik in a report on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $108.67.

Rubrik Trading Down 4.3%

Shares of RBRK opened at $82.43 on Friday. Rubrik, Inc. has a 1 year low of $37.38 and a 1 year high of $103.00. The stock has a market cap of $16.28 billion, a P/E ratio of -35.23 and a beta of 0.24. The stock's 50-day moving average price is $84.84 and its two-hundred day moving average price is $81.79.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (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. Rubrik's quarterly revenue was up 44.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. As a group, equities analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 9,009 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total transaction of $745,584.84. Following the sale, the director owned 998 shares of the company's stock, valued at $82,594.48. This trade represents a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Brian K. Mccarthy sold 4,670 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $346,560.70. Following the sale, the executive directly owned 407,632 shares in the company, valued at approximately $30,250,370.72. This represents a 1.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 124,466 shares of company stock worth $10,083,014. 32.38% of the stock is owned by company insiders.

About Rubrik

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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