Quantbot Technologies LP Buys 55,802 Shares of Rubrik, Inc. $RBRK

Key Points

• Quantbot Technologies LP increased its stake in Rubrik, Inc. by 23.7%, now holding 290,777 shares valued at approximately $17.7 million.
• Rubrik's stock has shown a significant performance, with a 52-week range between $29.18 and $103.00, and a market cap of $16.59 billion.
• Institutional ownership of Rubrik stands at 49.54%, with various institutions acquiring new stakes during the first quarter, reflecting growing interest in the company.

Quantbot Technologies LP boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 23.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 290,777 shares of the company's stock after buying an additional 55,802 shares during the quarter. Rubrik makes up approximately 0.6% of Quantbot Technologies LP's portfolio, making the stock its 16th largest holding. Quantbot Technologies LP owned about 0.15% of Rubrik worth $17,732,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Rubrik during the fourth quarter valued at about $28,000. PNC Financial Services Group Inc. bought a new position in Rubrik during the first quarter valued at about $30,000. Summit Securities Group LLC bought a new position in Rubrik during the first quarter valued at about $31,000. Point72 Hong Kong Ltd bought a new position in Rubrik during the fourth quarter valued at about $47,000. Finally, Quarry LP bought a new position in Rubrik during the fourth quarter valued at about $48,000. Institutional investors own 49.54% of the company's stock.

Rubrik Trading Up 0.2%

Shares of Rubrik stock traded up $0.1830 on Thursday, reaching $85.2830. The stock had a trading volume of 1,614,250 shares, compared to its average volume of 3,001,377. Rubrik, Inc. has a 1 year low of $29.18 and a 1 year high of $103.00. The company has a market cap of $16.50 billion, a P/E ratio of -30.14 and a beta of 0.45. The business's 50 day moving average is $87.98 and its two-hundred day moving average is $77.89.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million during the quarter, compared to analysts' expectations of $260.39 million. During the same period in the previous year, the company posted ($1.58) earnings per share. The company's quarterly revenue was up 48.7% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. On average, equities analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on RBRK. Mizuho lowered shares of Rubrik from an "outperform" rating to a "neutral" rating and increased their price target for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. Guggenheim increased their price target on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, June 6th. BMO Capital Markets restated an "outperform" rating and set a $110.00 price target (up previously from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Wells Fargo & Company upped their price objective on shares of Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Finally, Cantor Fitzgerald upped their price objective on shares of Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $100.38.

Insider Transactions at Rubrik

In other news, Director Yvonne Wassenaar sold 2,000 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total value of $176,420.00. Following the sale, the director directly owned 2,855 shares of the company's stock, valued at approximately $251,839.55. This represents a 41.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $88.37, for a total transaction of $309,295.00. Following the completion of the sale, the chief financial officer directly owned 518,595 shares in the company, valued at approximately $45,828,240.15. The trade was a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,045,047 shares of company stock valued at $95,962,744. Company insiders own 32.38% of the company's stock.

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.