Nordea Investment Management AB Invests $5.52 Million in Rubrik, Inc. $RBRK

Nordea Investment Management AB purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 67,880 shares of the company’s stock, valued at approximately $5,515,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allworth Financial LP increased its stake in shares of Rubrik by 1,030.8% during 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 period. ST Germain D J Co. Inc. bought a new position in Rubrik in the 2nd quarter worth $27,000. Beacon Capital Management LLC purchased a new stake in shares of Rubrik in the 2nd quarter worth about $29,000. Catalyst Capital Advisors LLC bought a new stake in shares of Rubrik during the 2nd quarter valued at about $36,000. Finally, Comerica Bank increased its position in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after buying an additional 395 shares during the period. Institutional investors own 49.54% of the company’s stock.

Insider Transactions at Rubrik

In related news, Director Ravi Mhatre sold 101,659 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $81.82, for a total value of $8,317,739.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 20,000 shares of Rubrik stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 489,959 shares of the company’s stock, valued at approximately $33,150,625.94. The trade was a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 249,396 shares of company stock valued at $19,381,819. 32.38% of the stock is currently owned by insiders.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik launched “Rubrik Security Cloud Sovereign,” a product designed to give global customers tighter control over data residency and access — a feature aimed at regulated and national-security-sensitive customers that could expand sales in large enterprises and government. Rubrik Announces Rubrik Security Cloud Sovereign
• Positive Sentiment: KeyCorp reiterated an Overweight view and a $95 price target, publishing a Q3 2027 EPS estimate (‑$0.35) while maintaining optimistic positioning on Rubrik’s growth trajectory — analyst support can help stabilize sentiment and attract buyers. (KeyCorp research note)
• Neutral Sentiment: Rubrik introduced “CXO Visionaries,” a marketing/program initiative aimed at C-level engagement and thought leadership — positive for brand and pipeline development but unlikely to move near-term fundamentals by itself. Rubrik Introduces CXO Visionaries
• Negative Sentiment: Company insiders sold material amounts of stock this week: CTO Arvind Nithrakashyap sold 4,648 shares at ~$70.40 (and earlier sold 1,045 shares at ~$70.05)—small reductions but visible insider selling can unsettle retail investors. CTO Form 4
• Negative Sentiment: CFO Kiran Kumar Choudary sold 20,000 shares at an average price of $67.66 (≈$1.35M), reducing his stake by ~3.9% — this larger insider sale is likely the principal negative catalyst for today’s weaker share performance. CFO Form 4

Wall Street Analyst Weigh In

Several brokerages have commented on RBRK. Guggenheim set a $110.00 price objective on shares of Rubrik in a report on Friday, December 5th. UBS Group restated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Monday, December 29th. Citigroup reissued a “buy” rating on shares of Rubrik in a research report on Monday, January 12th. Finally, Piper Sandler reduced their target price on shares of Rubrik from $118.00 to $99.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Twenty-one research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.18.

Rubrik Trading Down 2.8%

Rubrik stock opened at $67.12 on Friday. Rubrik, Inc. has a 12 month low of $47.35 and a 12 month high of $103.00. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of -34.42 and a beta of 0.27. The business’s fifty day simple moving average is $74.73 and its two-hundred day simple moving average is $80.56.

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

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).