VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Rubrik, Inc. $RBRK

Key Points

• Virginia Retirement Systems purchased 35,000 Rubrik shares worth approximately $2.81 million in the second quarter. Institutional investors and hedge funds collectively own 49.54% of the company.
• Rubrik reported quarterly EPS of $0.20, beating estimates of $0.04, while revenue rose 43.9% year over year to $427.26 million, above expectations.
• Analysts remain broadly bullish, with 28 Buy ratings, one Sell rating, a “Moderate Buy” consensus, and an average price target of $112.15 versus the stock’s reported $89.20 price. However, insiders sold 138,217 shares worth $11.7 million over the past three months.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 35,000 shares of the company's stock, valued at approximately $2,810,000.

A number of other large investors also recently bought and sold shares of the business. NewEdge Advisors LLC increased its position in shares of Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock valued at $125,000 after buying an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock valued at $31,000 after buying an additional 200 shares in the last quarter. Creative Planning lifted its position in shares of Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company's stock valued at $418,000 after buying an additional 236 shares in the last quarter. Moors & Cabot Inc. grew its stake in Rubrik by 9.2% in the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company's stock valued at $255,000 after acquiring an additional 282 shares during the period. Finally, Essential Partners LLC grew its stake in Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock valued at $28,000 after acquiring an additional 284 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Trading Up 0.4%

NYSE:RBRK opened at $89.20 on Friday. The company has a market cap of $18.36 billion, a P/E ratio of -70.80 and a beta of 1.24. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $107.91. The company's 50-day moving average price is $87.62 and its 200-day moving average price is $69.86.

Rubrik (NYSE:RBRK - Get Free Report) last announced 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 business had revenue of $427.26 million for the quarter, compared to analysts' expectations of $396.30 million. The firm's revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, analysts expect that Rubrik, Inc. will post -1.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RBRK shares. Wells Fargo & Company upped their price objective on shares of Rubrik from $90.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 25th. Telsey Advisory Group set a $120.00 target price on shares of Rubrik in a research report on Friday, August 28th. UBS Group reissued a "buy" rating and set a $106.00 target price on shares of Rubrik in a research note on Wednesday, August 19th. DA Davidson upped their price target on shares of Rubrik from $90.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Finally, Truist Financial raised their price target on shares of Rubrik from $90.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $112.15.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik 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 transaction, the chief technology officer owned 293,293 shares in the company, valued at approximately $26,516,620.13. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 10,000 shares of the business's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.32, for a total value of $983,200.00. Following the transaction, the chief financial officer directly owned 978,073 shares in the company, valued at $96,164,137.36. This trade represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 138,217 shares of company stock worth $11,706,692 in the last three months. Company insiders own 13.66% of the company's stock.

Rubrik Company 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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