The Manufacturers Life Insurance Company Buys 15,643 Shares of Rubrik, Inc. $RBRK

Key Points

• The Manufacturers Life Insurance Company increased its Rubrik stake by 37.5% in the first quarter, acquiring 15,643 shares for a total holding of 57,372 shares valued at approximately $2.81 million. Institutional investors collectively own 49.54% of Rubrik.
• Analyst sentiment remains strongly positive, with 29 Buy ratings and one Sell rating. Rubrik has a consensus “Moderate Buy” rating and an average price target of $94.20.
• Rubrik exceeded quarterly expectations, reporting $0.16 in earnings per share versus a projected loss of $0.03 and revenue of $387.07 million, up 39% year over year. However, insiders sold 317,682 shares worth $26.4 million during the last quarter.

The Manufacturers Life Insurance Company lifted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 37.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,372 shares of the company's stock after acquiring an additional 15,643 shares during the period. The Manufacturers Life Insurance Company's holdings in Rubrik were worth $2,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RBRK. Vanguard Group Inc. boosted its position in shares of Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company's stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares in the last quarter. First Trust Advisors LP boosted its holdings in Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock worth $540,259,000 after acquiring an additional 2,116,272 shares in the last quarter. Norges Bank bought a new position in Rubrik in the fourth quarter worth approximately $345,907,000. Pictet Asset Management Holding SA grew its stake in Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Rubrik by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company's stock valued at $193,433,000 after acquiring an additional 178,714 shares in the last quarter. 49.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

RBRK has been the topic of a number of recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rubrik in a report on Wednesday, June 24th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Rubrik in a report on Friday, June 5th. Mizuho raised their price objective on shares of Rubrik from $80.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, June 5th. UBS Group reiterated a "buy" rating on shares of Rubrik in a report on Monday, June 1st. Finally, Guggenheim reissued a "buy" rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Rubrik currently has a consensus rating of "Moderate Buy" and an average price target of $94.20.

Rubrik Stock Performance

NYSE:RBRK opened at $90.02 on Friday. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of -62.08 and a beta of 1.17. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The firm has a 50-day moving average price of $77.24 and a two-hundred day moving average price of $63.28.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analysts' expectations of $366.31 million. Rubrik's quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, sell-side analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total transaction of $909,150.00. Following the sale, the director directly owned 8,362 shares in the company, valued at $691,119.30. The trade was a 56.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the business's stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71. Following the completion of the transaction, the director directly owned 113,477 shares in the company, valued at $8,112,470.73. This trade represents a 3.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 317,682 shares of company stock valued at $26,402,176. Insiders own 13.66% of the company's stock.

Rubrik 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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