KLP Kapitalforvaltning AS Grows Position in Rubrik, Inc. $RBRK

KLP Kapitalforvaltning AS lifted its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 24.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,800 shares of the company’s stock after purchasing an additional 3,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Rubrik were worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of RBRK. Teacher Retirement System of Texas purchased a new position in shares of Rubrik during the 1st quarter worth $52,092,000. Vanguard Group Inc. grew its holdings in shares of Rubrik by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company’s stock worth $423,512,000 after purchasing an additional 616,917 shares during the period. BNP Paribas Financial Markets boosted its holdings in Rubrik by 186.8% during the 1st quarter. BNP Paribas Financial Markets now owns 899,853 shares of the company’s stock valued at $54,873,000 after acquiring an additional 586,088 shares during the period. Perpetual Ltd boosted its holdings in Rubrik by 8,282.0% during the 2nd quarter. Perpetual Ltd now owns 587,156 shares of the company’s stock valued at $52,603,000 after acquiring an additional 580,151 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in Rubrik during the 2nd quarter valued at about $50,272,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Price Performance

RBRK stock opened at $82.43 on Monday. The firm has a market capitalization of $16.28 billion, a P/E ratio of -35.23 and a beta of 0.24. The business’s 50-day moving average is $84.84 and its two-hundred day moving average is $82.00. Rubrik, Inc. has a 1 year low of $37.38 and a 1 year high of $103.00.

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

Insider Buying and Selling

In other news, CTO Arvind Nithrakashyap sold 40,170 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the sale, the chief technology officer owned 333,528 shares of the company’s stock, valued at approximately $24,751,112.88. This trade represents a 10.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total value of $745,584.84. Following the sale, the director directly owned 998 shares in the company, valued at $82,594.48. This trade represents a 90.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,466 shares of company stock worth $10,083,014 over the last 90 days. 32.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RBRK has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Rubrik in a report on Wednesday, October 8th. Wedbush restated an “outperform” rating and set a $120.00 target price on shares of Rubrik in a report on Thursday, September 11th. Barclays raised their target price on Rubrik from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Cantor Fitzgerald restated an “overweight” rating and set a $115.00 target price on shares of Rubrik in a report on Wednesday, September 10th. Finally, KeyCorp raised their target price on Rubrik from $113.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.67.

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.