ING Groep NV Has $4.18 Million Stock Position in Rubrik, Inc. $RBRK

ING Groep NV lifted its position in Rubrik, Inc. (NYSE:RBRK) by 31.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,600 shares of the company’s stock after buying an additional 13,000 shares during the quarter. ING Groep NV’s holdings in Rubrik were worth $4,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Rubrik during the 4th quarter valued at $345,907,000. ARK Investment Management LLC raised its stake in Rubrik by 21.1% during the 3rd quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock valued at $26,247,000 after purchasing an additional 55,500 shares during the last quarter. Legal & General Group Plc raised its stake in Rubrik by 8.6% during the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after purchasing an additional 151,234 shares during the last quarter. Citigroup Inc. raised its stake in Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock valued at $8,557,000 after purchasing an additional 70,504 shares during the last quarter. Finally, S&CO Inc. raised its stake in Rubrik by 102.8% during the 3rd quarter. S&CO Inc. now owns 53,612 shares of the company’s stock valued at $4,409,000 after purchasing an additional 27,179 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Performance

NYSE:RBRK opened at $71.67 on Tuesday. The company has a 50-day moving average of $59.27 and a 200-day moving average of $62.58. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of -49.43 and a beta of 1.09. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. Rubrik’s revenue was up 39.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Sell-side analysts forecast that Rubrik, Inc. will post -1.45 EPS for the current year.

Insider Activity at Rubrik

In other news, CTO Arvind Nithrakashyap sold 199,447 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the transaction, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.55, for a total transaction of $930,050.00. Following the transaction, the director directly owned 4,653 shares of the company’s stock, valued at $393,411.15. The trade was a 70.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 398,939 shares of company stock worth $27,628,167 in the last ninety days. Company insiders own 13.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stephens upped their target price on shares of Rubrik from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday. DA Davidson upped their target price on shares of Rubrik from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird cut their target price on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Jefferies Financial Group set a $90.00 target price on shares of Rubrik in a research note on Friday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $90.00 target price on shares of Rubrik in a research note on Monday, June 1st. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

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).