Sumitomo Mitsui Trust Group Inc. Decreases Position in Rubrik, Inc. $RBRK

Sumitomo Mitsui Trust Group Inc. cut its position in Rubrik, Inc. (NYSE:RBRK) by 31.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 355,617 shares of the company’s stock after selling 160,265 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.18% of Rubrik worth $31,860,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RBRK. Teacher Retirement System of Texas purchased a new position in shares of Rubrik during the first quarter valued at approximately $52,092,000. Vanguard Group Inc. raised its holdings in shares of Rubrik by 9.7% during the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company’s stock valued at $423,512,000 after purchasing an additional 616,917 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Rubrik by 186.8% during the first quarter. BNP Paribas Financial Markets now owns 899,853 shares of the company’s stock valued at $54,873,000 after purchasing an additional 586,088 shares during the last quarter. Perpetual Ltd raised its holdings in shares of Rubrik by 8,282.0% during the second quarter. Perpetual Ltd now owns 587,156 shares of the company’s stock valued at $52,603,000 after purchasing an additional 580,151 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Rubrik during the second quarter valued at approximately $50,272,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RBRK shares. CIBC boosted their price objective on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a report on Thursday, September 11th. Wedbush reissued an “outperform” rating and set a $120.00 price objective on shares of Rubrik in a report on Thursday, September 11th. Cantor Fitzgerald reissued an “overweight” rating and set a $115.00 price objective on shares of Rubrik in a report on Wednesday, September 10th. Wall Street Zen cut shares of Rubrik from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Barclays boosted their price objective on shares of Rubrik from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.67.

Insider Activity

In other Rubrik news, CTO Arvind Nithrakashyap sold 40,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $2,981,015.70. Following the completion of the transaction, the chief technology officer directly owned 333,528 shares in the company, valued at $24,751,112.88. This represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $87.83, for a total transaction of $791,260.47. Following the completion of the transaction, the director owned 998 shares of the company’s stock, valued at approximately $87,654.34. The trade was a 90.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 134,466 shares of company stock valued at $10,898,894. Company insiders own 32.38% of the company’s stock.

Rubrik Trading Down 2.1%

Shares of RBRK stock opened at $76.15 on Wednesday. Rubrik, Inc. has a 12 month low of $40.80 and a 12 month high of $103.00. The stock has a market cap of $15.04 billion, a P/E ratio of -32.54 and a beta of 0.24. The company has a 50 day simple moving average of $82.62 and a two-hundred day simple moving average of $83.70.

Rubrik (NYSE:RBRK) last announced its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.31. The business had revenue of $309.86 million for the quarter, compared to analysts’ expectations of $282.25 million. During the same period in the prior year, the company posted ($0.40) earnings per share. The firm’s quarterly revenue was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. As a group, equities analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Rubrik Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.