27,780 Shares in Rubrik, Inc. $RBRK Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in Rubrik, Inc. (NYSE:RBRK – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 27,780 shares of the company’s stock, valued at approximately $3,180,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBRK. Congress Asset Management Co. grew its stake in Rubrik by 32.6% during the 3rd quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after buying an additional 175,866 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Rubrik by 48.8% during the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock valued at $58,744,000 after purchasing an additional 240,062 shares in the last quarter. Amundi increased its stake in Rubrik by 449.5% during the 1st quarter. Amundi now owns 561,496 shares of the company’s stock valued at $27,496,000 after buying an additional 459,314 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Rubrik by 11.1% during the second quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock valued at $22,514,000 after acquiring an additional 28,056 shares during the period. Finally, CI Investments Inc. bought a new stake in Rubrik during the first quarter worth approximately $19,815,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Up 0.0%

Shares of NYSE:RBRK traded up $0.04 on Friday, reaching $105.78. The company had a trading volume of 3,331,429 shares, compared to its average volume of 3,102,482. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $139.92. The stock has a 50-day moving average price of $111.82 and a 200 day moving average price of $77.87. The stock has a market capitalization of $21.93 billion, a P/E ratio of -83.95 and a beta of 1.08.

Rubrik (NYSE:RBRK – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same period in the prior year, the company posted ($0.03) EPS. The business’s revenue was up 43.9% on a year-over-year basis. 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, sell-side analysts predict that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. DA Davidson boosted 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. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a research note on Monday, August 31st. Loop Capital assumed coverage on shares of Rubrik in a research report on Monday, August 3rd. They set a “buy” rating and a $100.00 price objective on the stock. Morgan Stanley began coverage on Rubrik in a report on Thursday, October 29th. They set an “overweight” rating and a $155.00 price target on the stock. Finally, Mizuho increased their price objective on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.04.

Read Our Latest Report on RBRK

Insider Buying and Selling

In other news, Director John Thompson sold 11,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $115.69, for a total value of $1,272,590.00. Following the sale, the director directly owned 8,362 shares of the company’s stock, valued at approximately $967,399.78. This trade represents a 56.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $90.41, for a total value of $1,159,056.20. Following the completion of the transaction, the chief technology officer owned 293,293 shares in the company, valued at $26,516,620.13. The trade was a 4.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 139,583 shares of company stock worth $15,125,212 in the last quarter. 13.66% of the stock is currently owned by company insiders.

Rubrik Company Profile

(Free Report)

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.

See Also

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Institutional Ownership by Quarter for Rubrik (NYSE:RBRK)

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