Rubrik, Inc. $RBRK Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of Rubrik, Inc. (NYSE:RBRK) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,160 shares of the company’s stock after selling 1,666 shares during the period. Envestnet Asset Management Inc.’s holdings in Rubrik were worth $3,419,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RBRK. Northern Trust Corp boosted its holdings in Rubrik by 23.1% in the first quarter. Northern Trust Corp now owns 236,649 shares of the company’s stock valued at $14,431,000 after purchasing an additional 44,373 shares during the last quarter. Perpetual Ltd increased its holdings in Rubrik by 8,282.0% during the 2nd quarter. Perpetual Ltd now owns 587,156 shares of the company’s stock worth $52,603,000 after purchasing an additional 580,151 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Rubrik by 200.2% in the 1st quarter. Hsbc Holdings PLC now owns 87,358 shares of the company’s stock valued at $5,317,000 after purchasing an additional 58,258 shares in the last quarter. New York State Common Retirement Fund purchased a new position in shares of Rubrik during the 1st quarter valued at approximately $5,732,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Rubrik by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 715,953 shares of the company’s stock worth $43,659,000 after buying an additional 48,724 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on RBRK shares. CIBC upped their price target on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a report on Thursday, September 11th. FBN Securities restated an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 price target on shares of Rubrik in a research note on Wednesday, September 10th. KeyCorp boosted their price target on Rubrik from $113.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Finally, Rosenblatt Securities boosted their price objective on shares of Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.67.

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 on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $489,711.79. Following the sale, the chief financial officer directly owned 516,184 shares of the company’s stock, valued at $38,306,014.64. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Brian K. Mccarthy sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $87.84, for a total value of $1,098,000.00. Following the sale, the executive directly owned 406,052 shares of the company’s stock, valued at approximately $35,667,607.68. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 131,966 shares of company stock worth $10,403,823. 32.38% of the stock is owned by corporate insiders.

Rubrik Price Performance

NYSE RBRK opened at $71.49 on Friday. Rubrik, Inc. has a 12 month low of $42.01 and a 12 month high of $103.00. The company’s 50 day simple moving average is $78.75 and its 200 day simple moving average is $84.53. The firm has a market capitalization of $14.12 billion, a PE ratio of -30.55 and a beta of 0.20.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. During the same quarter last year, the company earned ($0.40) EPS. The company’s quarterly revenue 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. Sell-side analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Rubrik Company 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.