Praxis Investment Management Inc. Invests $323,000 in Rubrik, Inc. $RBRK

Key Points

• Praxis Investment Management Inc. has invested approximately $323,000 in Rubrik, Inc., acquiring 3,610 shares of the company's stock during the 2nd quarter.
• Following its recent earnings report, Rubrik has received mixed analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $108.67.
• Insider transactions reveal that Rubrik's CFO and a director sold significant amounts of stock, with insiders selling a total of 137,966 shares worth over $11 million in the last quarter.

Praxis Investment Management Inc. bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 3,610 shares of the company's stock, valued at approximately $323,000.

Several other hedge funds have also modified their holdings of RBRK. Teacher Retirement System of Texas purchased a new stake in shares of Rubrik during the 1st quarter valued at about $52,092,000. Vanguard Group Inc. raised its holdings in shares of 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 during the period. BNP Paribas Financial Markets raised its holdings 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 buying an additional 586,088 shares during the period. Perpetual Ltd raised its holdings in shares of Rubrik by 8,282.0% during the 2nd quarter. Perpetual Ltd now owns 587,156 shares of the company's stock valued at $52,603,000 after buying an additional 580,151 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Rubrik during the 2nd quarter valued at about $50,272,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on RBRK shares. Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Rosenblatt Securities raised their price objective on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. CIBC raised their price objective on Rubrik from $125.00 to $130.00 and gave the company an "outperformer" rating in a research note on Thursday, September 11th. Cantor Fitzgerald restated an "overweight" rating and set a $115.00 price objective on shares of Rubrik in a research note on Wednesday, September 10th. Finally, FBN Securities restated an "outperform" rating on shares of Rubrik in a research note on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $108.67.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 6,599 shares of Rubrik stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $489,711.79. Following the completion of the transaction, the chief financial officer owned 516,184 shares in the company, valued at approximately $38,306,014.64. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 owned 998 shares of the company's stock, valued at approximately $87,654.34. The trade was a 90.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,966 shares of company stock worth $11,192,544 in the last quarter. Insiders own 32.38% of the company's stock.

Rubrik Trading Down 1.9%

Shares of RBRK opened at $77.18 on Friday. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of -32.98 and a beta of 0.24. The stock has a 50 day moving average of $83.79 and a 200-day moving average of $82.46. Rubrik, Inc. has a 52 week low of $37.38 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. Rubrik's revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous 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. On average, sell-side analysts predict 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.

Want to see what other hedge funds are holding RBRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rubrik, Inc. (NYSE:RBRK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.