Russell Investments Group Ltd. Increases Holdings in Rubrik, Inc. $RBRK

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Rubrik, Inc. by 10,218.4%, now owning 43,750 shares, valued at approximately $2.77 million at the end of the reporting period.
• Rubrik reported a quarterly revenue of $278.48 million, exceeding analysts' expectations and showing a year-over-year growth of 48.7%, with an EPS of ($0.15) that beat the consensus estimate.
• Analysts have raised their price targets on Rubrik, with Rosenblatt Securities increasing its target from $82 to $110, indicating strong investor confidence in the company's future performance.

Russell Investments Group Ltd. increased its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 10,218.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,750 shares of the company's stock after buying an additional 43,326 shares during the quarter. Russell Investments Group Ltd.'s holdings in Rubrik were worth $2,768,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RBRK. Voloridge Investment Management LLC purchased a new position in Rubrik during the fourth quarter worth approximately $85,331,000. Bank of America Corp DE lifted its position in Rubrik by 1,305.1% during the fourth quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock worth $72,994,000 after buying an additional 1,037,319 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Rubrik during the first quarter worth approximately $52,092,000. Two Sigma Investments LP lifted its position in Rubrik by 4,440.9% during the fourth quarter. Two Sigma Investments LP now owns 649,349 shares of the company's stock worth $42,441,000 after buying an additional 635,049 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Rubrik by 9.7% during the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock worth $423,512,000 after buying an additional 616,917 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Trading Up 4.0%

RBRK stock opened at $88.6780 on Monday. The company has a market capitalization of $17.16 billion, a PE ratio of -31.33 and a beta of 0.45. Rubrik, Inc. has a 12-month low of $29.18 and a 12-month high of $103.00. The business's fifty day moving average price is $87.88 and its 200 day moving average price is $78.13.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate 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. Rubrik's quarterly revenue was up 48.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($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. Research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $87.29, for a total transaction of $786,395.61. Following the sale, the director owned 998 shares in the company, valued at $87,115.42. This represents a 90.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Yvonne Wassenaar sold 2,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $88.21, for a total value of $176,420.00. Following the sale, the director owned 2,855 shares in the company, valued at approximately $251,839.55. This trade represents a 41.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,048,547 shares of company stock worth $96,252,999. 32.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Rosenblatt Securities lifted their price objective on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. KeyCorp restated an "overweight" rating and issued a $113.00 target price (up previously from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Truist Financial lifted their target price on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. CIBC lifted their target price on Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a research report on Monday, June 9th. Finally, Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a research report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Rubrik has a consensus rating of "Moderate Buy" and an average price target of $100.38.

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.

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