Nuveen LLC Invests $1.71 Million in Rubrik, Inc. $RBRK

Key Points

• Nuveen LLC has invested approximately $1.71 million in Rubrik, Inc. by acquiring 28,086 shares in the first quarter, reflecting growing institutional interest in the company.
• Rubrik posted a quarterly earnings report, exceeding analysts' expectations with a revenue of $278.48 million, marking a year-over-year increase of 48.7%.
• The company received several analysts' upgrades, with CIBC raising its price target from $110.00 to $125.00 and maintaining an "outperformer" rating.

Nuveen LLC bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 28,086 shares of the company's stock, valued at approximately $1,713,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RBRK. Voloridge Investment Management LLC acquired a new position in Rubrik during the fourth quarter worth about $85,331,000. Green Alpha Advisors LLC boosted its stake in shares of Rubrik by 53.4% during the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock worth $495,000 after acquiring an additional 2,824 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Rubrik by 2,899.7% in the 4th 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Rubrik by 168.2% in the 4th 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 in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Rubrik by 14.0% during the fourth quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock worth $1,909,000 after purchasing an additional 3,593 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rubrik

In other news, Director Enrique T. Salem sold 700,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $91.09, for a total transaction of $63,763,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $100.18, for a total transaction of $2,504,500.00. Following the completion of the sale, the executive directly owned 454,584 shares in the company, valued at $45,540,225.12. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 976,554 shares of company stock worth $89,170,211. Corporate insiders own 32.38% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on RBRK. Cantor Fitzgerald upped their target price on Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, June 6th. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price objective (up from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Roth Capital lifted their target price on shares of Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. KeyCorp reaffirmed an "overweight" rating and issued a $113.00 price target (up previously from $98.00) on shares of Rubrik in a report on Friday, June 6th. Finally, Truist Financial increased their price target on shares of Rubrik from $90.00 to $110.00 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 company. Based on data from MarketBeat, Rubrik has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Price Performance

RBRK traded down $0.75 during trading on Wednesday, hitting $87.15. The company's stock had a trading volume of 946,249 shares, compared to its average volume of 2,961,871. Rubrik, Inc. has a twelve month low of $29.18 and a twelve month high of $103.00. The stock has a market cap of $16.86 billion, a PE ratio of -30.78 and a beta of 0.43. The firm's 50 day moving average price is $87.87 and its 200-day moving average price is $78.72.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to analysts' expectations of $260.39 million. During the same period in the prior year, the firm earned ($1.58) EPS. Rubrik's revenue for the quarter 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. Equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Rubrik 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.