1832 Asset Management L.P. Purchases 377,000 Shares of Rubrik, Inc. $RBRK

1832 Asset Management L.P. increased its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 118.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,300 shares of the company’s stock after purchasing an additional 377,000 shares during the period. 1832 Asset Management L.P.’s holdings in Rubrik were worth $62,202,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares during the last quarter. Advisors Asset Management Inc. grew 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 during the period. Amundi increased its position in Rubrik by 0.7% during the first quarter. Amundi now owns 37,116 shares of the company’s stock worth $2,132,000 after buying an additional 262 shares during the last quarter. Allworth Financial LP lifted its position in shares of 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 buying an additional 268 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of Rubrik during the 2nd quarter worth approximately $27,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Up 3.2%

RBRK opened at $71.61 on Thursday. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of -30.60 and a beta of 0.32. Rubrik, Inc. has a twelve month low of $47.35 and a twelve month high of $103.00. The company has a 50-day simple moving average of $75.61 and a 200 day simple moving average of $83.73.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RBRK shares. Berenberg Bank began coverage on Rubrik in a research note on Tuesday, November 18th. They issued a “buy” rating and a $114.00 price target on the stock. Cantor Fitzgerald cut their price objective on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $120.00 target price on shares of Rubrik in a research note on Thursday, September 11th. Rosenblatt Securities boosted their target price on shares of Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Oppenheimer assumed coverage on shares of Rubrik in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Eighteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average price target of $109.06.

Insiders Place Their Bets

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $75.90, for a total value of $759,000.00. Following the sale, the insider owned 349,319 shares of the company’s stock, valued at approximately $26,513,312.10. This trade represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kiran Kumar Choudary sold 3,500 shares of Rubrik stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $69.46, for a total value of $243,110.00. Following the completion of the transaction, the chief financial officer owned 509,051 shares in the company, valued at approximately $35,358,682.46. The trade was a 0.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,966 shares of company stock worth $8,777,876 over the last three months. Insiders own 32.38% of the company’s stock.

About Rubrik

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.