Knollwood Investment Advisory LLC raised its holdings in shares of Rubrik, Inc. (NYSE:RBRK – Free Report) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,420 shares of the company’s stock after buying an additional 27,802 shares during the period. Rubrik comprises approximately 1.7% of Knollwood Investment Advisory LLC’s portfolio, making the stock its 10th largest position. Knollwood Investment Advisory LLC’s holdings in Rubrik were worth $18,158,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Rubrik by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after buying an additional 1,678,255 shares during the period. First Trust Advisors LP boosted its position in Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after buying an additional 2,116,272 shares during the period. Norges Bank purchased a new stake in Rubrik during the fourth quarter valued at about $345,907,000. Geode Capital Management LLC boosted its position in Rubrik by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock valued at $193,433,000 after buying an additional 178,714 shares during the period. Finally, Federated Hermes Inc. boosted its position in Rubrik by 0.5% during the fourth quarter. Federated Hermes Inc. now owns 2,449,646 shares of the company’s stock valued at $187,349,000 after buying an additional 11,878 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.
Rubrik Trading Down 4.5%
Rubrik stock opened at $68.24 on Friday. The firm has a 50-day moving average of $61.15 and a 200-day moving average of $62.69. The firm has a market cap of $14.05 billion, a P/E ratio of -47.06 and a beta of 1.10. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75.
Insider Activity at Rubrik
In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $82.16, for a total value of $1,053,291.20. Following the completion of the sale, the chief technology officer directly owned 314,048 shares in the company, valued at $25,802,183.68. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the completion of the sale, the chief financial officer owned 549,901 shares of the company’s stock, valued at $28,424,382.69. This trade represents a 3.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 398,939 shares of company stock valued at $27,628,167. 13.66% of the stock is currently owned by corporate insiders.
Rubrik News Roundup
Here are the key news stories impacting Rubrik this week:
- Positive Sentiment: Wedbush reaffirmed its outperform rating and said Rubrik’s new AI-driven products from its Forward Conference support a bullish long-term thesis. Rubrik’s new AI-driven products keeps Wedbush bullish
- Positive Sentiment: DA Davidson reiterated buy and lifted its price target to $90 from $70 after Rubrik’s analyst/investor day, signaling confidence in the company’s growth and strategy. Rubrik, Inc. (RBRK) Analyst/Investor Day Transcript
- Positive Sentiment: BTIG Research also reiterated buy and set a $91 target, while Baird raised its target to $110 and kept an outperform rating, reinforcing analyst optimism after the company’s recent event.
- Positive Sentiment: Rubrik unveiled an autonomous business recovery tool for cloud applications and new control/recovery tools for Anthropic’s Claude AI agents, highlighting product innovation in cyber resilience and AI. Rubrik Unveils Autonomous Business Recovery Tool Designed For Cloud Applications
- Neutral Sentiment: Zacks highlighted Rubrik as a strong momentum stock, which may support investor sentiment but does not materially change fundamentals. Here’s Why Rubrik, Inc. (RBRK) is a Strong Momentum Stock
- Negative Sentiment: One recent article questioned whether Rubrik’s growth story can justify its premium valuation, a reminder that expectations are already elevated. Can Rubrik’s Growth Story Support Its Premium Valuation?
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a report on Friday, March 27th. Citigroup increased their target price on shares of Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Scotiabank reiterated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Finally, Mizuho increased their target price on shares of Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.
Read Our Latest Stock Report on RBRK
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).
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