Van Hulzen Asset Management LLC Acquires Shares of 14,104 Rubrik, Inc. $RBRK

Key Points

• Van Hulzen Asset Management initiated a Rubrik position by purchasing 14,104 shares worth approximately $1.13 million. Institutional investors own 49.54% of Rubrik’s outstanding stock.
• Rubrik reported quarterly EPS of $0.20, beating the $0.04 consensus estimate, while revenue reached $427.26 million, up 43.9% year over year and above expectations.
• Analysts maintain a broadly positive view, with 28 Buy ratings, one Sell rating, and a consensus price target of $112.15 versus the stock’s reported $89.20 price. Insiders, however, sold 138,217 shares worth $11.7 million during the latest quarter.

Van Hulzen Asset Management LLC purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,104 shares of the company's stock, valued at approximately $1,132,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RBRK. Pictet Asset Management Holding SA raised its holdings in Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the period. Norges Bank purchased a new position in Rubrik in the 4th quarter worth approximately $345,907,000. Legal & General Group Plc boosted its position in shares of Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company's stock worth $145,680,000 after acquiring an additional 151,234 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Rubrik by 11.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company's stock valued at $22,514,000 after purchasing an additional 28,056 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in Rubrik by 47.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company's stock valued at $45,571,000 after buying an additional 191,738 shares in the last quarter. Institutional investors own 49.54% of the company's stock.

Rubrik Stock Performance

NYSE:RBRK opened at $89.20 on Friday. The company has a fifty day moving average of $87.62 and a two-hundred day moving average of $69.86. The stock has a market capitalization of $18.36 billion, a PE ratio of -70.80 and a beta of 1.24. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $107.91.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analysts' expectations of $396.30 million. The business's revenue for the quarter was up 43.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Research analysts forecast that Rubrik, Inc. will post -1.21 earnings per share for the current year.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the completion of the transaction, the chief technology officer owned 293,293 shares of the company's stock, valued at $26,516,620.13. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $89.52, for a total value of $64,543.92. Following the completion of the transaction, the director owned 3,709 shares in the company, valued at approximately $332,029.68. This trade represents a 16.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 138,217 shares of company stock valued at $11,706,692. 13.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $120.00 price objective on shares of Rubrik in a research report on Friday, August 28th. BTIG Research raised their price objective on Rubrik from $109.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 28th. Wedbush reissued an "outperform" rating and set a $90.00 target price on shares of Rubrik in a research report on Thursday, June 11th. Mizuho lifted their price target on Rubrik from $90.00 to $112.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Finally, Rosenblatt Securities boosted their price objective on shares of Rubrik from $95.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, August 26th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rubrik presently has an average rating of "Moderate Buy" and a consensus target price of $112.15.

Rubrik Profile

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company's principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.

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