Assenagon Asset Management S.A. Has $49.12 Million Stock Holdings in Rubrik, Inc. $RBRK

Assenagon Asset Management S.A. reduced its position in shares of Rubrik, Inc. (NYSE:RBRK) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642,212 shares of the company’s stock after selling 117,051 shares during the period. Assenagon Asset Management S.A. owned approximately 0.32% of Rubrik worth $49,116,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Strs Ohio grew its position in Rubrik by 90.8% in the third quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after acquiring an additional 29,649 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Rubrik during the 3rd quarter valued at approximately $4,717,000. ARK Investment Management LLC increased its position in Rubrik by 21.1% during the 3rd quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock worth $26,247,000 after purchasing an additional 55,500 shares in the last quarter. Citigroup Inc. boosted its position in Rubrik by 210.2% in the third quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock valued at $8,557,000 after buying an additional 70,504 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Rubrik by 471.4% during the third quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after buying an additional 41,756 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $48.14 on Wednesday. The business’s 50-day moving average is $56.04 and its 200-day moving average is $69.75. Rubrik, Inc. has a 1 year low of $46.36 and a 1 year high of $103.00. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of -27.20 and a beta of 0.45.

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

Insider Activity at Rubrik

In other news, CTO Arvind Nithrakashyap sold 4,648 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $70.40, for a total transaction of $327,219.20. Following the transaction, the chief technology officer owned 337,010 shares of the company’s stock, valued at $23,725,504. This represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian K. Mccarthy sold 10,000 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $70.88, for a total value of $708,800.00. Following the completion of the sale, the insider directly owned 330,772 shares of the company’s stock, valued at $23,445,119.36. The trade was a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,693 shares of company stock worth $6,279,571 over the last three months. 32.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RBRK has been the topic of several recent research reports. Barclays cut their price objective on Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Rosenblatt Securities dropped their price objective on shares of Rubrik from $120.00 to $95.00 and set a “buy” rating for the company in a report on Monday, March 9th. Cantor Fitzgerald reduced their target price on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price (down from $99.00) on shares of Rubrik in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.10.

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).