Teacher Retirement System of Texas Boosts Stock Holdings in Rubrik, Inc. $RBRK

Key Points

• Teacher Retirement System of Texas increased its Rubrik stake by 1,375.6% in Q4 to 326,438 shares (about $24.97M), while other institutions like Vanguard, First Trust and State Street also boosted positions, leaving institutional ownership at roughly 49.5%.
• Rubrik beat estimates with Q results of $0.04 EPS (vs. -$0.11 est.) and revenue of $377.68M (vs. $342.43M est., +46.3% YoY), yet the stock is down ~7.7% and carries a consensus "Moderate Buy" target price of $87.43.
• Insider activity was mixed: Director John W. Thompson sold 11,000 shares while Director Mark D. McLaughlin purchased 10,638 shares, and insiders collectively sold 203,113 shares (~$10.16M) over the last three months, owning 32.38% of the company.

Teacher Retirement System of Texas grew its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 1,375.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 326,438 shares of the company's stock after acquiring an additional 304,316 shares during the quarter. Teacher Retirement System of Texas owned 0.16% of Rubrik worth $24,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Rubrik by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company's stock worth $1,070,586,000 after acquiring an additional 993,634 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Rubrik by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 4,947,785 shares of the company's stock worth $406,955,000 after buying an additional 485,080 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Rubrik by 101.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company's stock worth $200,506,000 after buying an additional 1,229,476 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Rubrik by 7.0% in the 2nd quarter. Bank of America Corp DE now owns 2,073,044 shares of the company's stock worth $185,724,000 after buying an additional 136,262 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Rubrik by 139.7% in the 2nd quarter. State Street Corp now owns 1,771,475 shares of the company's stock worth $158,706,000 after buying an additional 1,032,497 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $53.62, for a total transaction of $589,820.00. Following the transaction, the director directly owned 4,653 shares in the company, valued at $249,493.86. This trade represents a 70.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark D. Mclaughlin purchased 10,638 shares of Rubrik stock in a transaction on Monday, March 30th. The shares were acquired at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the transaction, the director directly owned 13,639 shares of the company's stock, valued at approximately $643,897.19. The trade was a 354.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 203,113 shares of company stock worth $10,157,582. Insiders own 32.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RBRK. Rosenblatt Securities cut their price target on shares of Rubrik from $120.00 to $95.00 and set a "buy" rating on the stock in a report on Monday, March 9th. BMO Capital Markets boosted their price target on shares of Rubrik from $58.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday. Mizuho cut their price target on shares of Rubrik from $97.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, February 17th. Wells Fargo & Company cut their price target on shares of Rubrik from $125.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, March 13th. Finally, Stephens began coverage on shares of Rubrik in a report on Monday, December 29th. They issued an "overweight" rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rubrik presently has an average rating of "Moderate Buy" and a consensus target price of $87.43.

Rubrik Stock Down 7.7%

Shares of RBRK opened at $50.97 on Friday. The business's 50-day moving average price is $51.70 and its 200-day moving average price is $65.08. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $103.00. The stock has a market cap of $10.31 billion, a PE ratio of -28.80 and a beta of 0.63.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to the consensus estimate of $342.43 million. The company's quarterly revenue was up 46.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts expect that Rubrik, Inc. will post -1.44 earnings per share for the current fiscal year.

About Rubrik

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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