Sumitomo Mitsui Trust Group Inc. Sells 160,265 Shares of Rubrik, Inc. $RBRK

Sumitomo Mitsui Trust Group Inc. reduced its position in Rubrik, Inc. (NYSE:RBRK) by 31.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,617 shares of the company’s stock after selling 160,265 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Rubrik were worth $31,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. bought a new position in shares of Rubrik during the second quarter worth $27,000. Beacon Capital Management LLC purchased a new position in Rubrik during the second quarter valued at $29,000. Catalyst Capital Advisors LLC purchased a new position in Rubrik during the second quarter valued at $36,000. PNC Financial Services Group Inc. purchased a new position in Rubrik during the first quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new position in Rubrik during the first quarter valued at $31,000. 49.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. FBN Securities reaffirmed an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Wedbush reaffirmed an “outperform” rating and set a $120.00 target price on shares of Rubrik in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rubrik in a research note on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $115.00 target price on shares of Rubrik in a research note on Wednesday, September 10th. Finally, Rosenblatt Securities raised their target price on shares of Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.67.

Rubrik Stock Down 2.1%

RBRK stock opened at $76.15 on Wednesday. Rubrik, Inc. has a 52 week low of $40.80 and a 52 week high of $103.00. The company has a fifty day simple moving average of $82.62 and a two-hundred day simple moving average of $83.70. The firm has a market capitalization of $15.04 billion, a P/E ratio of -32.54 and a beta of 0.24.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.31. The business had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. During the same quarter last year, the business earned ($0.40) EPS. Rubrik’s revenue for the quarter was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. As a group, analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Activity

In other news, Director John Wendell Thompson sold 9,009 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $82.76, for a total value of $745,584.84. Following the completion of the sale, the director owned 998 shares in the company, valued at approximately $82,594.48. This trade represents a 90.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian K. Mccarthy sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $83.03, for a total transaction of $830,300.00. Following the completion of the sale, the insider owned 359,319 shares of the company’s stock, valued at $29,834,256.57. This trade represents a 2.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 134,466 shares of company stock worth $10,898,894 over the last 90 days. Insiders own 32.38% of the company’s stock.

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.