Penserra Capital Management LLC Sells 69,325 Shares of Rubrik, Inc. $RBRK

Penserra Capital Management LLC cut its position in Rubrik, Inc. (NYSE:RBRK) by 6.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 936,786 shares of the company’s stock after selling 69,325 shares during the quarter. Rubrik comprises about 1.2% of Penserra Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Penserra Capital Management LLC owned approximately 0.48% of Rubrik worth $83,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RBRK. GGM Financials LLC acquired a new stake in shares of Rubrik during the second quarter worth $8,108,000. Northern Trust Corp grew its stake in shares of Rubrik by 23.1% in the first quarter. Northern Trust Corp now owns 236,649 shares of the company’s stock valued at $14,431,000 after acquiring an additional 44,373 shares in the last quarter. Bessemer Group Inc. increased its position in Rubrik by 17.7% during the second quarter. Bessemer Group Inc. now owns 194,911 shares of the company’s stock worth $17,462,000 after acquiring an additional 29,317 shares during the period. Perpetual Ltd raised its stake in Rubrik by 8,282.0% in the 2nd quarter. Perpetual Ltd now owns 587,156 shares of the company’s stock worth $52,603,000 after purchasing an additional 580,151 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Rubrik by 200.2% in the 1st quarter. Hsbc Holdings PLC now owns 87,358 shares of the company’s stock worth $5,317,000 after purchasing an additional 58,258 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rubrik

In related news, Director John Wendell Thompson sold 9,009 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $75.45, for a total transaction of $679,729.05. Following the sale, the director owned 998 shares in the company, valued at $75,299.10. The trade was a 90.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $2,981,015.70. Following the sale, the chief technology officer owned 333,528 shares in the company, valued at approximately $24,751,112.88. This trade represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 121,966 shares of company stock worth $9,644,823. Insiders own 32.38% of the company’s stock.

Rubrik Stock Performance

Rubrik stock opened at $72.99 on Friday. The stock has a fifty day moving average of $80.25 and a 200-day moving average of $84.21. The stock has a market capitalization of $14.41 billion, a P/E ratio of -31.19 and a beta of 0.20. Rubrik, Inc. has a 52 week low of $42.01 and a 52 week high of $103.00.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RBRK. Barclays increased their target price on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Cantor Fitzgerald restated an “overweight” rating and set a $115.00 price objective on shares of Rubrik in a research note on Wednesday, September 10th. Wall Street Zen downgraded Rubrik from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Wedbush restated an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a research report on Thursday, September 11th. Finally, CIBC boosted their price target on Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research note on Thursday, September 11th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and a consensus target price of $108.67.

Rubrik Company 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.