Truist Financial Corp lowered its stake in Rubrik, Inc. (NYSE:RBRK – Free Report) by 68.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,856 shares of the company’s stock after selling 27,896 shares during the period. Truist Financial Corp’s holdings in Rubrik were worth $983,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of RBRK. Vanguard Group Inc. increased its holdings in shares of Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after buying an additional 1,678,255 shares during the period. Federated Hermes Inc. increased its holdings in shares of Rubrik by 101.8% in the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after buying an additional 1,229,476 shares during the period. AQR Capital Management LLC purchased a new position in shares of Rubrik in the third quarter worth about $97,828,000. State Street Corp increased its holdings in shares of Rubrik by 139.7% in the second quarter. State Street Corp now owns 1,771,475 shares of the company’s stock worth $158,706,000 after buying an additional 1,032,497 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Rubrik by 364.8% in the third quarter. Invesco Ltd. now owns 1,074,025 shares of the company’s stock worth $88,339,000 after buying an additional 842,939 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.
Insider Activity at Rubrik
In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $55.48, for a total transaction of $610,280.00. Following the transaction, the director owned 4,653 shares in the company, valued at approximately $258,148.44. This represents a 70.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 122,613 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the transaction, the chief financial officer owned 564,901 shares in the company, valued at $27,228,228.20. This trade represents a 17.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 203,113 shares of company stock worth $10,160,197 in the last 90 days. Company insiders own 13.66% of the company’s stock.
Rubrik Price Performance
Rubrik (NYSE:RBRK – Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to analysts’ expectations of $342.43 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts expect that Rubrik, Inc. will post -1.41 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on RBRK. Wedbush decreased their price objective on Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $110.00 price objective on shares of Rubrik in a report on Monday, March 16th. Rosenblatt Securities decreased their price objective on Rubrik from $120.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Scotiabank set a $70.00 price target on Rubrik and gave the company a “sector outperform” rating in a report on Monday, April 20th. Finally, BTIG Research assumed coverage on Rubrik in a report on Friday, March 20th. They set a “buy” rating and a $64.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and a consensus price target of $84.83.
Get Our Latest Stock Analysis on Rubrik
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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