CI Investments Inc. Takes Position in Rubrik, Inc. $RBRK

CI Investments Inc. purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the first quarter, Holdings Channel.com reports. The fund purchased 404,637 shares of the company’s stock, valued at approximately $19,815,000.

Several other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Rubrik by 58.1% in the first quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the company’s stock worth $127,000 after acquiring an additional 952 shares during the period. Parallel Advisors LLC lifted its holdings in Rubrik by 45.0% during the 1st quarter. Parallel Advisors LLC now owns 2,930 shares of the company’s stock worth $143,000 after purchasing an additional 910 shares in the last quarter. KBC Group NV lifted its holdings in Rubrik by 34.3% during the 1st quarter. KBC Group NV now owns 29,048 shares of the company’s stock worth $1,422,000 after purchasing an additional 7,425 shares in the last quarter. Swiss National Bank grew its holdings in Rubrik by 5.5% during the 1st quarter. Swiss National Bank now owns 292,100 shares of the company’s stock valued at $14,304,000 after buying an additional 15,200 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Rubrik by 59.0% in the first quarter. Sanctuary Advisors LLC now owns 16,843 shares of the company’s stock worth $825,000 after buying an additional 6,248 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

RBRK has been the subject of a number of recent analyst reports. Truist Financial restated a “buy” rating and set a $90.00 price target (up from $80.00) on shares of Rubrik in a research report on Friday, June 5th. Robert W. Baird upped their target price on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Mizuho raised their price target on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Stephens reissued an “overweight” rating and issued a $90.00 price target on shares of Rubrik in a research note on Monday, June 15th. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $93.96.

Rubrik Price Performance

Shares of Rubrik stock opened at $73.94 on Thursday. The stock has a market capitalization of $15.22 billion, a PE ratio of -51.00 and a beta of 1.10. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75. The company’s fifty day simple moving average is $74.83 and its 200-day simple moving average is $62.78.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the prior year, the company posted ($0.15) earnings per share. The company’s revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, research analysts anticipate that Rubrik, Inc. will post -1.16 EPS for the current year.

Insider Buying and Selling at Rubrik

In related news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total value of $909,150.00. Following the completion of the sale, the director directly owned 8,362 shares in the company, valued at $691,119.30. This trade represents a 56.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97. Following the transaction, the director directly owned 4,638 shares of the company’s stock, valued at approximately $378,321.66. This represents a 13.45% 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. In the last 90 days, insiders have sold 291,321 shares of company stock valued at $24,074,426. Corporate insiders own 13.66% 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).