Public Employees Retirement System of Ohio Takes $3.55 Million Position in Rubrik, Inc. $RBRK

Key Points

• Public Employees Retirement System of Ohio acquired 44,184 Rubrik shares worth approximately $3.55 million, joining several institutional investors that have recently increased their positions. Institutional investors collectively own 49.54% of the company.
• Rubrik reported quarterly EPS of $0.20, beating estimates of $0.04, while revenue rose 43.9% year over year to $427.26 million, exceeding expectations.
• Analysts remain broadly positive, with 29 Buy ratings and one Sell rating; the stock has a consensus “Moderate Buy” rating and a $112.15 price target versus its recent price of $92.15.

Public Employees Retirement System of Ohio purchased a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,184 shares of the company's stock, valued at approximately $3,547,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Rubrik during the 4th quarter valued at about $345,907,000. First Trust Advisors LP boosted its stake in Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock worth $540,259,000 after buying an additional 2,116,272 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. AQR Capital Management LLC acquired a new position in Rubrik in the third quarter valued at $97,828,000. Finally, SG Americas Securities LLC raised its holdings in shares of Rubrik by 1,284.7% in the 1st quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company's stock worth $57,358,000 after purchasing an additional 1,086,697 shares during the period. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Price Performance

RBRK opened at $92.15 on Friday. The stock's 50 day moving average price is $86.36 and its 200 day moving average price is $68.52. The stock has a market cap of $18.97 billion, a P/E ratio of -73.13 and a beta of 1.24. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $107.91.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The company's revenue was up 43.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Equities analysts anticipate that Rubrik, Inc. will post -1.21 EPS for the current year.

Insider Activity

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $89.52, for a total value of $64,543.92. Following the completion of the sale, the director directly owned 3,709 shares in the company, valued at $332,029.68. This represents a 16.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total value of $1,073,162.20. Following the completion of the sale, the chief technology officer owned 293,293 shares of the company's stock, valued at approximately $24,551,557.03. This trade represents a 4.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 112,577 shares of company stock valued at $9,376,785 over the last 90 days. Corporate insiders own 13.66% of the company's stock.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of research reports. Stephens reaffirmed an "overweight" rating on shares of Rubrik in a research report on Friday, August 28th. Oppenheimer set a $120.00 target price on Rubrik in a research report on Thursday, August 20th. Telsey Advisory Group set a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Mizuho upped their price objective on Rubrik from $90.00 to $112.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird lifted their price objective on shares of Rubrik from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, June 11th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Rubrik has a consensus rating of "Moderate Buy" and a consensus price target of $112.15.

Rubrik Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company's platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).

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