New York State Common Retirement Fund Boosts Stock Position in Rubrik, Inc. $RBRK

New York State Common Retirement Fund raised its stake in Rubrik, Inc. (NYSE:RBRK) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 146,997 shares of the company’s stock after purchasing an additional 14,000 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Rubrik worth $12,091,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of RBRK. NewEdge Advisors LLC increased its stake in Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after buying an additional 150 shares during the period. Creative Planning increased its stake in shares of Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after acquiring an additional 236 shares during the period. Advisors Asset Management Inc. raised its holdings in Rubrik by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 588 shares of the company’s stock worth $53,000 after purchasing an additional 239 shares in the last quarter. Bogart Wealth LLC lifted its position in Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares during the period. Finally, Allworth Financial LP lifted its position in Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after purchasing an additional 268 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Price Performance

Shares of Rubrik stock opened at $54.36 on Tuesday. Rubrik, Inc. has a 1 year low of $47.35 and a 1 year high of $103.00. The business has a 50 day moving average price of $72.96 and a 200 day moving average price of $78.60. The company has a market capitalization of $10.88 billion, a P/E ratio of -27.88 and a beta of 0.33.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million for the quarter, compared to analysts’ expectations of $320.19 million. During the same period in the previous year, the business posted ($0.21) EPS. The business’s quarterly revenue was up 48.3% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. As a group, research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, Director Ravi Mhatre sold 101,659 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $81.82, for a total transaction of $8,317,739.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $67.66, for a total value of $1,353,200.00. Following the transaction, the chief financial officer owned 489,959 shares in the company, valued at $33,150,625.94. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 240,387 shares of company stock worth $18,702,090 in the last ninety days. Company insiders own 32.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RBRK. Berenberg Bank began coverage on Rubrik in a research note on Tuesday, November 18th. They set a “buy” rating and a $114.00 target price for the company. Robert W. Baird upped their price objective on Rubrik from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Citigroup reissued a “buy” rating on shares of Rubrik in a report on Monday, January 12th. Wedbush reaffirmed an “outperform” rating and set a $120.00 price target on shares of Rubrik in a research note on Friday, December 5th. Finally, Rosenblatt Securities raised their price objective on shares of Rubrik from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Twenty-one analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and a consensus price target of $112.18.

Rubrik Profile

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).