Pittenger & Anderson Inc. Trims Position in Rubrik, Inc. $RBRK

Key Points

• Pittenger & Anderson Inc. reduced its stake in Rubrik, Inc. by 81.6% in the second quarter, selling 9,000 shares and now holding 2,031 shares worth $182,000.
• Multiple hedge funds, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their positions in Rubrik, indicating growing institutional interest in the company.
• Rubrik recently reported better-than-expected quarterly earnings with a revenue increase of 44.9% year-over-year, surpassing analysts' expectations.

Pittenger & Anderson Inc. lessened its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 81.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,031 shares of the company's stock after selling 9,000 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Rubrik were worth $182,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Rubrik by 9.7% during the 1st 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 boosted its position in shares of Rubrik by 15.0% during the 1st quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock valued at $137,035,000 after acquiring an additional 293,275 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Rubrik by 13.4% during the 1st quarter. Penserra Capital Management LLC now owns 1,006,111 shares of the company's stock valued at $61,352,000 after acquiring an additional 119,258 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock valued at $57,343,000 after acquiring an additional 236,181 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Rubrik by 186.8% during the 1st quarter. BNP Paribas Financial Markets now owns 899,853 shares of the company's stock valued at $54,873,000 after acquiring an additional 586,088 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RBRK. Cantor Fitzgerald reiterated an "overweight" rating and set a $115.00 price target on shares of Rubrik in a research report on Wednesday, September 10th. Weiss Ratings reiterated a "sell (d)" rating on shares of Rubrik in a research report on Wednesday, October 8th. Rosenblatt Securities lifted their price target on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. KeyCorp boosted their target price on Rubrik from $113.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Finally, Barclays boosted their target price on Rubrik from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. 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 company's stock. Based on data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and a consensus target price of $108.67.

Insider Buying and Selling

In other Rubrik news, CRO Brian K. Mccarthy sold 12,500 shares of Rubrik stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $87.29, for a total value of $1,091,125.00. Following the transaction, the executive directly owned 418,552 shares of the company's stock, valued at $36,535,404.08. The trade was a 2.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $87.83, for a total value of $791,260.47. Following the completion of the transaction, the director directly owned 998 shares in the company, valued at $87,654.34. This trade represents a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,466 shares of company stock valued at $10,898,894 over the last quarter. Company insiders own 32.38% of the company's stock.

Rubrik Price Performance

NYSE:RBRK opened at $79.84 on Wednesday. The business has a 50 day moving average of $83.48 and a 200 day moving average of $82.80. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of -34.12 and a beta of 0.24. Rubrik, Inc. has a 1-year low of $37.38 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $282.25 million. Rubrik's revenue for the quarter was up 44.9% on a year-over-year basis. During the same period last year, the firm earned ($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. As a group, sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current 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.

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