Perpetual Ltd Buys 580,151 Shares of Rubrik, Inc. $RBRK

Key Points

• Perpetual Ltd substantially increased its stake in Rubrik, Inc. by acquiring 580,151 shares, representing an impressive 8,282% boost, leading to ownership of approximately 0.30% of the company worth $52.6 million.
• Rubrik reported earnings of ($0.03) per share, beating analysts' estimates of ($0.34), alongside a 44.9% year-over-year increase in revenue, totaling $309.86 million.
• Brokerage firms have issued optimistic ratings for Rubrik, with targets as high as $130.00, leading to a consensus rating of "Moderate Buy" from analysts.

Perpetual Ltd lifted its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 8,282.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 587,156 shares of the company's stock after acquiring an additional 580,151 shares during the quarter. Perpetual Ltd owned 0.30% of Rubrik worth $52,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RBRK. Ameriprise Financial Inc. boosted its holdings in shares of Rubrik by 14.0% in the fourth quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock worth $1,909,000 after buying an additional 3,593 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Rubrik in the fourth quarter worth approximately $258,000. Lazard Asset Management LLC boosted its holdings in shares of Rubrik by 6,985.9% in the fourth quarter. Lazard Asset Management LLC now owns 5,031 shares of the company's stock worth $327,000 after buying an additional 4,960 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of Rubrik in the fourth quarter worth approximately $398,000. Finally, Toronto Dominion Bank purchased a new position in shares of Rubrik in the fourth quarter worth approximately $1,634,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Trading Down 0.4%

RBRK traded down $0.29 during trading hours on Monday, hitting $79.94. The company's stock had a trading volume of 2,372,760 shares, compared to its average volume of 3,247,875. Rubrik, Inc. has a 12 month low of $30.35 and a 12 month high of $103.00. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of -34.15 and a beta of 0.44. The business's 50-day moving average price is $86.46 and its 200-day moving average price is $80.20.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RBRK shares. Guggenheim lifted their price target on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wedbush reissued an "outperform" rating and issued a $120.00 target price on shares of Rubrik in a report on Thursday, September 11th. Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 target price on shares of Rubrik in a report on Wednesday, September 10th. CIBC boosted their target price on shares of Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a report on Thursday, September 11th. Finally, UBS Group reissued a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Sixteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $104.38.

Insider Buying and Selling at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $85.97, for a total transaction of $2,149,250.00. Following the transaction, the executive owned 431,052 shares in the company, valued at $37,057,540.44. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the transaction, the chief technology officer owned 333,528 shares in the company, valued at $24,751,112.88. This trade represents a 10.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 210,858 shares of company stock valued at $17,780,477. Insiders own 32.38% of the company's stock.

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.