Strs Ohio Has $9.03 Million Stock Holdings in Rubrik, Inc. $RBRK

Key Points

• Strs Ohio increased its stake in Rubrik by 89.5% in Q4 to 118,083 shares worth about $9.03 million, as institutional investors now own roughly 49.5% of the company.
• Analysts are mixed but overall positive: Rubrik has an average rating of "Moderate Buy" with an average price target of $84.83, while individual targets range from $70 to $110 and several firms recently lowered their targets.
• Rubrik recently reported an EPS beat ($0.04 vs. -$0.11 expected) with revenue up 46.3% year-over-year, but insider activity is notable — the CFO sold 122,613 shares while corporate insiders collectively own about 32.4% of the stock.

Strs Ohio grew its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 89.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,083 shares of the company's stock after purchasing an additional 55,783 shares during the period. Strs Ohio owned about 0.06% of Rubrik worth $9,031,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RBRK. Comerica Bank raised its holdings in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after purchasing an additional 395 shares during the period. Royal Bank of Canada raised its holdings in Rubrik by 231.3% in the first quarter. Royal Bank of Canada now owns 29,320 shares of the company's stock worth $1,789,000 after purchasing an additional 20,471 shares during the period. NewEdge Advisors LLC raised its holdings in Rubrik by 31.6% in the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock worth $76,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. raised its holdings in Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock worth $57,343,000 after purchasing an additional 236,181 shares during the period. Finally, Rhumbline Advisers raised its holdings in Rubrik by 204.1% in the first quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after purchasing an additional 2,000 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBRK has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rubrik in a report on Friday, March 27th. Cantor Fitzgerald lowered their price objective on shares of Rubrik from $105.00 to $85.00 and set an "overweight" rating for the company in a research report on Monday, March 9th. Piper Sandler reissued an "overweight" rating and set a $84.00 price objective (down from $99.00) on shares of Rubrik in a research report on Friday, March 13th. Guggenheim reissued a "buy" rating and set a $110.00 price objective on shares of Rubrik in a research report on Friday, March 13th. Finally, DA Davidson set a $70.00 price objective on shares of Rubrik in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $84.83.

Rubrik Trading Up 5.1%

Rubrik stock opened at $57.85 on Tuesday. The company has a market cap of $11.70 billion, a P/E ratio of -32.69 and a beta of 0.63. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $103.00. The company has a fifty day simple moving average of $51.62 and a 200 day simple moving average of $63.82.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. The firm's revenue for the quarter was up 46.3% on a year-over-year basis. During the same period last year, the business posted ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, equities research analysts forecast that Rubrik, Inc. will post -1.41 EPS for the current year.

Insider Activity at Rubrik

In related news, CFO Kiran Kumar Choudary sold 122,613 shares of the firm's stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the transaction, the chief financial officer owned 564,901 shares of the company's stock, valued at approximately $27,228,228.20. This trade represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark D. Mclaughlin bought 10,638 shares of the firm's stock in a transaction that occurred on Monday, March 30th. The stock was acquired at an average cost of $47.21 per share, with a total value of $502,219.98. Following the transaction, the director owned 13,639 shares of the company's stock, valued at $643,897.19. This represents a 354.48% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 203,113 shares of company stock valued at $10,160,197. Corporate insiders own 32.38% of the company's stock.

Rubrik Company 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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