Penn Mutual Asset Management Purchases Shares of 42,521 Rubrik, Inc. $RBRK

Key Points

• Penn Mutual Asset Management acquired 42,521 shares of Rubrik, Inc., worth approximately $2.59 million, making it the 6th largest position in their portfolio.
• Several institutional investors, including Vanguard Group and Bank of America, significantly increased their stakes in Rubrik during recent quarters, indicating strong institutional interest.
• Rubrik reported a revenue increase of 48.7% year-over-year for the last quarter, surpassing analysts' expectations with earnings of $278.48 million.

Penn Mutual Asset Management bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 42,521 shares of the company's stock, valued at approximately $2,593,000. Rubrik accounts for approximately 5.0% of Penn Mutual Asset Management's holdings, making the stock its 6th biggest position.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik during the 4th quarter worth about $28,000. PNC Financial Services Group Inc. bought a new stake in shares of Rubrik during the first quarter valued at approximately $30,000. KBC Group NV increased its stake in shares of Rubrik by 24.6% in the 1st quarter. KBC Group NV now owns 3,337 shares of the company's stock valued at $203,000 after buying an additional 658 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Rubrik in the fourth quarter worth about $47,000. Finally, Quarry LP bought a new stake in shares of Rubrik during the fourth quarter worth approximately $48,000. 49.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 30,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $100.24, for a total value of $3,007,200.00. Following the completion of the sale, the chief financial officer directly owned 521,665 shares of the company's stock, valued at $52,291,699.60. This represents a 5.44% decrease in their ownership of the stock. 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 Rubrik 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 transaction, the executive directly owned 454,584 shares in the company, valued at approximately $45,540,225.12. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,045,047 shares of company stock valued at $95,962,744. 32.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho cut Rubrik from an "outperform" rating to a "neutral" rating and raised their target price for the stock from $75.00 to $86.00 in a report on Thursday, May 15th. KeyCorp reaffirmed an "overweight" rating and issued a $113.00 target price (up from $98.00) on shares of Rubrik in a research note on Friday, June 6th. Wall Street Zen upgraded Rubrik from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Roth Capital increased their price objective on shares of Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Finally, Robert W. Baird upped their price target on shares of Rubrik from $95.00 to $110.00 and gave the stock an "outperform" 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's stock. Based on data from MarketBeat.com, Rubrik has an average rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Price Performance

Shares of NYSE RBRK traded up $0.1830 during mid-day trading on Thursday, hitting $85.2830. 1,614,242 shares of the stock traded hands, compared to its average volume of 3,001,364. The company has a market cap of $16.50 billion, a PE ratio of -30.14 and a beta of 0.45. The firm has a 50 day simple moving average of $87.98 and a two-hundred day simple moving average of $77.89. Rubrik, Inc. has a twelve month low of $29.18 and a twelve month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to analyst estimates of $260.39 million. During the same period in the previous year, the firm posted ($1.58) earnings per share. The firm's quarterly revenue was up 48.7% compared to the same quarter last year. 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 anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

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.