Sumitomo Mitsui Trust Group Inc. Sells 21,717 Shares of Rubrik, Inc. $RBRK

Sumitomo Mitsui Trust Group Inc. lowered its position in Rubrik, Inc. (NYSE:RBRK) by 6.5% during the first quarter, Holdings Channel reports. The institutional investor owned 311,213 shares of the company’s stock after selling 21,717 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Rubrik were worth $15,240,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Comerica Bank lifted its position in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares during the last quarter. Royal Bank of Canada grew its holdings in Rubrik by 231.3% in the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after purchasing an additional 20,471 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Rubrik by 31.6% in the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Trading Up 5.2%

NYSE:RBRK opened at $88.22 on Wednesday. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75. The firm has a fifty day simple moving average of $72.77 and a 200-day simple moving average of $62.78. The company has a market capitalization of $18.16 billion, a P/E ratio of -60.84 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter last year, the business earned ($0.15) EPS. The business’s revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current year.

Insider Transactions at Rubrik

In related news, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $71.49, for a total value of $284,458.71. Following the sale, the director owned 113,477 shares in the company, valued at $8,112,470.73. This represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yvonne Wassenaar sold 2,838 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $75.00, for a total transaction of $212,850.00. Following the completion of the transaction, the director owned 2,326 shares in the company, valued at approximately $174,450. This trade represents a 54.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 291,321 shares of company stock valued at $24,074,426 over the last three months. Company insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Guggenheim reiterated a “buy” rating on shares of Rubrik in a report on Friday, June 5th. Wedbush reaffirmed an “outperform” rating and set a $90.00 target price on shares of Rubrik in a research report on Thursday, June 11th. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of Rubrik in a research note on Monday, June 15th. Jefferies Financial Group set a $90.00 price target on Rubrik in a report on Friday, June 5th. Finally, Citigroup boosted their price target on Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.46.

Rubrik Company 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).