Wellington Management Group LLP Has $58.74 Million Holdings in Rubrik, Inc. $RBRK

Key Points

• Wellington Management increased its Rubrik stake by 48.8% in the second quarter, owning 731,736 shares valued at approximately $58.74 million. Institutional investors collectively own 49.54% of Rubrik.
• Rubrik reported stronger-than-expected quarterly results, with EPS of $0.20 versus the $0.04 consensus estimate and revenue of $427.26 million, up 43.9% year over year.
• Analyst sentiment remains broadly positive: 29 analysts rate the stock Buy and one rates it Sell, with an average price target of $112.15 compared with a recent price of $92.15. Meanwhile, insiders have sold 112,577 shares worth about $9.38 million over the past three months.

Wellington Management Group LLP boosted its holdings in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 48.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 731,736 shares of the company's stock after acquiring an additional 240,062 shares during the period. Wellington Management Group LLP owned 0.36% of Rubrik worth $58,744,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Rubrik in the fourth quarter valued at about $345,907,000. First Trust Advisors LP boosted its holdings in Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock worth $540,259,000 after buying an additional 2,116,272 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock worth $162,572,000 after buying an additional 1,696,342 shares during the period. AQR Capital Management LLC acquired a new position in shares of Rubrik during the 3rd quarter worth about $97,828,000. Finally, SG Americas Securities LLC increased its stake in shares of Rubrik by 1,284.7% in the 1st quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company's stock valued at $57,358,000 after acquiring an additional 1,086,697 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Trading Up 5.7%

RBRK opened at $92.15 on Friday. The stock has a market capitalization of $18.97 billion, a P/E ratio of -73.13 and a beta of 1.24. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $107.91. The firm's fifty day simple moving average is $86.36 and its 200 day simple moving average is $68.52.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. The business's revenue for the quarter was up 43.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($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, equities research analysts predict that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RBRK shares. Wolfe Research reissued an "outperform" rating and set a $120.00 price objective on shares of Rubrik in a research note on Friday, August 28th. Cantor Fitzgerald reissued an "overweight" rating and set a $120.00 price target on shares of Rubrik in a research report on Friday, August 28th. BMO Capital Markets boosted their price target on shares of Rubrik from $98.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, August 28th. Piper Sandler raised their price objective on Rubrik from $91.00 to $114.00 and gave the stock an "overweight" rating in a research note on Friday, August 28th. Finally, Wedbush reiterated an "outperform" rating and set a $90.00 target price on shares of Rubrik in a report on Thursday, June 11th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $112.15.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the completion of the transaction, the chief technology officer owned 293,293 shares of the company's stock, valued at $24,551,557.03. This represents a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the firm's stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $83.10, for a total transaction of $330,654.90. Following the transaction, the director directly owned 125,351 shares of the company's stock, valued at $10,416,668.10. This represents a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 112,577 shares of company stock worth $9,376,785. Corporate insiders own 13.66% of the company's stock.

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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