VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Rubrik, Inc. $RBRK

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 35,000 shares of the company’s stock, valued at approximately $2,810,000.

Other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of Rubrik by 8,477.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock worth $1,186,676,000 after buying an additional 14,609,375 shares during the last quarter. Straight Path Wealth Management purchased a new stake in shares of Rubrik during the 2nd quarter valued at approximately $323,000. Wedmont Private Capital lifted its holdings in Rubrik by 181.0% in the second quarter. Wedmont Private Capital now owns 16,054 shares of the company’s stock valued at $1,355,000 after acquiring an additional 10,340 shares during the last quarter. HB Wealth Management LLC acquired a new position in Rubrik in the second quarter valued at approximately $822,000. Finally, Markowski Investments purchased a new position in Rubrik in the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

Rubrik stock opened at $89.20 on Friday. The company has a market capitalization of $18.36 billion, a PE ratio of -70.80 and a beta of 1.24. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $107.91. The firm has a 50 day moving average price of $87.62 and a 200 day moving average price of $69.86.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same quarter last year, the company earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities research analysts forecast that Rubrik, Inc. will post -1.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RBRK. BTIG Research raised their target price on Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Rosenblatt Securities upped their price target on Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Mizuho increased their price target on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Citigroup raised their price objective on Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, Wolfe Research restated an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $112.15.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $84.58, for a total transaction of $1,084,315.60. Following the sale, the chief technology officer directly owned 303,611 shares in the company, valued at $25,679,418.38. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 10,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00. Following the sale, the chief financial officer owned 978,073 shares in the company, valued at $96,164,137.36. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 138,217 shares of company stock valued at $11,706,692. Corporate insiders own 13.66% of the company’s stock.

About Rubrik

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.