Public Sector Pension Investment Board Purchases New Position in Rubrik, Inc. $RBRK

Key Points

• The Public Sector Pension Investment Board has acquired a new stake in Rubrik, Inc. (NYSE:RBRK), purchasing 60,000 shares valued at approximately $3.66 million during the first quarter.
• Insider transactions revealed significant sales, including 25,000 shares sold by CRO Brian K. McCarthy and 700,000 shares sold by Director Enrique T. Salem, totaling over $63 million.
• Analyst ratings for Rubrik have been largely positive, with firms like BMO Capital Markets and KeyCorp upgrading their target prices, suggesting a consensus rating of "Moderate Buy".

Public Sector Pension Investment Board purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,000 shares of the company's stock, valued at approximately $3,659,000.

Several other hedge funds have also recently modified their holdings of RBRK. Russell Investments Group Ltd. purchased a new position in shares of Rubrik in the fourth quarter worth $28,000. PNC Financial Services Group Inc. purchased a new position in shares of Rubrik in the first quarter worth $30,000. Point72 Hong Kong Ltd purchased a new position in shares of Rubrik in the fourth quarter worth $47,000. Quarry LP purchased a new position in shares of Rubrik in the fourth quarter worth $48,000. Finally, CoreCap Advisors LLC purchased a new position in shares of Rubrik in the fourth quarter worth $59,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Transactions at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $100.18, for a total value of $2,504,500.00. Following the completion of the transaction, the executive owned 454,584 shares of the company's stock, valued at $45,540,225.12. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Arvind Nithrakashyap sold 43,128 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total value of $3,819,415.68. Following the completion of the transaction, the chief technology officer directly owned 38,122 shares of the company's stock, valued at approximately $3,376,084.32. This trade represents a 53.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,048,547 shares of company stock valued at $96,252,999. 32.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RBRK shares. Guggenheim boosted their price target on Rubrik from $105.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Wells Fargo & Company upped their price objective on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Robert W. Baird upped their price objective on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th. Finally, Rosenblatt Securities upped their price objective on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Stock Up 0.2%

NYSE:RBRK traded up $0.1830 during mid-day trading on Thursday, hitting $85.2830. 1,614,250 shares of the company traded hands, compared to its average volume of 2,930,508. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of -30.14 and a beta of 0.45. The stock's fifty day moving average price is $87.91 and its 200-day moving average price is $77.99. Rubrik, Inc. has a one year low of $29.18 and a one year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts' consensus estimates of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to the consensus estimate of $260.39 million. The business's revenue was up 48.7% on a year-over-year basis. During the same period last year, the company earned ($1.58) EPS. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. Equities analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

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.