Brown Advisory Inc. Buys 20,290 Shares of Rubrik, Inc. $RBRK

Brown Advisory Inc. lifted its position in Rubrik, Inc. (NYSE:RBRK) by 445.0% during the second quarter, Holdings Channel reports. The institutional investor owned 24,850 shares of the company’s stock after buying an additional 20,290 shares during the quarter. Brown Advisory Inc.’s holdings in Rubrik were worth $2,226,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Rubrik by 73.1% during the second quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after acquiring an additional 5,077,513 shares during the last quarter. First Trust Advisors LP increased its position in shares of Rubrik by 44.8% during the second quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock worth $399,814,000 after purchasing an additional 1,380,941 shares in the last quarter. Norges Bank purchased a new stake in shares of Rubrik during the 2nd quarter valued at $219,132,000. Voya Investment Management LLC boosted its position in shares of Rubrik by 15.0% in the 1st quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company’s stock worth $137,035,000 after purchasing an additional 293,275 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Rubrik by 6.9% in the 2nd quarter. Legal & General Group Plc now owns 2,159,435 shares of the company’s stock worth $193,464,000 after purchasing an additional 139,022 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Up 2.6%

Rubrik stock opened at $91.38 on Wednesday. The stock has a 50-day moving average price of $75.76 and a 200 day moving average price of $83.55. The company has a market capitalization of $18.04 billion, a price-to-earnings ratio of -46.86 and a beta of 0.32. Rubrik, Inc. has a 52 week low of $47.35 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK) last issued 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 business had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. During the same quarter last year, the company posted ($0.21) EPS. Rubrik’s quarterly revenue 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. Research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 6,599 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $489,711.79. Following the completion of the transaction, the chief financial officer owned 516,184 shares of the company’s stock, valued at $38,306,014.64. The trade was a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $75.90, for a total value of $759,000.00. Following the completion of the sale, the insider owned 349,319 shares in the company, valued at $26,513,312.10. The trade was a 2.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 115,966 shares of company stock worth $8,777,876. 32.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RBRK shares. Barclays upped their target price on Rubrik from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rubrik in a report on Friday. CIBC increased their price objective on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research report on Thursday, September 11th. Rosenblatt Securities lifted their target price on shares of Rubrik from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Cantor Fitzgerald cut their price target on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Twenty analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.94.

Rubrik Profile

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.