FNY Investment Advisers LLC Sells 10,000 Shares of Rubrik, Inc. $RBRK

FNY Investment Advisers LLC lessened its stake in Rubrik, Inc. (NYSE:RBRK) by 90.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,000 shares of the company’s stock after selling 10,000 shares during the period. FNY Investment Advisers LLC’s holdings in Rubrik were worth $76,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RBRK. Federated Hermes Inc. increased its stake in Rubrik by 101.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after purchasing an additional 1,229,476 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Rubrik during the third quarter valued at approximately $97,828,000. State Street Corp grew its holdings in shares of Rubrik by 139.7% in the second quarter. State Street Corp now owns 1,771,475 shares of the company’s stock worth $158,706,000 after purchasing an additional 1,032,497 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Rubrik by 8.3% in the third quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company’s stock worth $1,070,586,000 after purchasing an additional 993,634 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Rubrik by 364.8% in the third quarter. Invesco Ltd. now owns 1,074,025 shares of the company’s stock worth $88,339,000 after buying an additional 842,939 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays lowered their price target on shares of Rubrik from $100.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Wells Fargo & Company cut their price target on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Citigroup decreased their price objective on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Mizuho lowered their price objective on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Finally, DA Davidson set a $70.00 target price on shares of Rubrik in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.10.

Rubrik Stock Down 0.0%

Shares of Rubrik stock opened at $51.42 on Friday. The business has a 50 day moving average of $53.15 and a 200 day moving average of $67.92. Rubrik, Inc. has a 52 week low of $44.75 and a 52 week high of $103.00. The company has a market cap of $10.40 billion, a PE ratio of -29.05 and a beta of 0.63.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. During the same quarter last year, the firm earned ($0.18) EPS. The business’s revenue was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $53.62, for a total transaction of $589,820.00. Following the sale, the director directly owned 4,653 shares of the company’s stock, valued at approximately $249,493.86. The trade was a 70.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 122,613 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the transaction, the chief financial officer owned 564,901 shares in the company, valued at $27,228,228.20. This trade represents a 17.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 235,806 shares of company stock valued at $12,849,818 over the last three months. Corporate insiders own 32.38% of the company’s stock.

About Rubrik

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).