Public Employees Retirement System of Ohio Invests $2.70 Million in Rubrik, Inc. $RBRK

Key Points

• The Public Employees Retirement System of Ohio invested approximately $2.70 million in Rubrik, Inc., acquiring 30,141 shares of the company's stock.
• Institutional ownership of Rubrik is significant, with 49.54% of the stock held by institutional investors, including a major stake purchase by Teacher Retirement System of Texas valued at around $52 million.
• Rubrik reported a revenue increase of 44.9% year-over-year and exceeded earnings expectations in its latest quarterly results, leading to positive ratings from various analysts.

Public Employees Retirement System of Ohio purchased a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,141 shares of the company's stock, valued at approximately $2,700,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in Rubrik in the first quarter valued at approximately $52,092,000. Vanguard Group Inc. grew its holdings in shares of Rubrik by 9.7% in 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 increased its position in shares of Rubrik by 186.8% in 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 in the last quarter. Perpetual Ltd raised its stake in Rubrik by 8,282.0% during the 2nd quarter. Perpetual Ltd now owns 587,156 shares of the company's stock worth $52,603,000 after buying an additional 580,151 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Rubrik during the 2nd quarter worth $50,272,000. Institutional investors own 49.54% of the company's stock.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 40,170 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the completion of the transaction, the chief technology officer directly owned 333,528 shares of the company's stock, valued at approximately $24,751,112.88. This represents a 10.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $87.29, for a total value of $786,395.61. Following the transaction, the director directly owned 998 shares of the company's stock, valued at $87,115.42. This trade represents a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,457 shares of company stock valued at $9,354,439. 32.38% of the stock is currently owned by company insiders.

Rubrik Price Performance

RBRK stock opened at $82.56 on Thursday. The stock has a market capitalization of $16.30 billion, a P/E ratio of -35.28 and a beta of 0.25. The business has a 50-day moving average of $85.73 and a 200-day moving average of $81.21. Rubrik, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $103.00.

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, topping the consensus estimate of ($0.34) by $0.31. The firm had revenue of $309.86 million for the quarter, compared to analyst estimates of $282.25 million. The firm's quarterly revenue was up 44.9% on a year-over-year basis. During the same period in the prior year, the company 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. Equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wedbush reissued an "outperform" rating and issued a $120.00 target price on shares of Rubrik in a research note on Thursday, September 11th. Roth Capital boosted their target price on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 target price on shares of Rubrik in a research note on Wednesday, September 10th. Rosenblatt Securities boosted their target price on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Finally, FBN Securities reissued an "outperform" rating on shares of Rubrik in a research note on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $108.67.

Rubrik Company 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.

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