Mass General Brigham Inc Makes New Investment in Rubrik, Inc. $RBRK

Mass General Brigham Inc acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the fourth quarter, Holdings Channel reports. The fund acquired 14,000 shares of the company’s stock, valued at approximately $1,071,000. Rubrik comprises about 0.1% of Mass General Brigham Inc’s investment portfolio, making the stock its 7th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Strs Ohio boosted its holdings in Rubrik by 90.8% during the 3rd quarter. Strs Ohio now owns 62,300 shares of the company’s stock worth $5,124,000 after acquiring an additional 29,649 shares during the last quarter. WCM Investment Management LLC purchased a new position in Rubrik during the 3rd quarter worth $4,717,000. ARK Investment Management LLC boosted its holdings 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 acquiring an additional 55,500 shares during the last quarter. Citigroup Inc. boosted its holdings in Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock worth $8,557,000 after acquiring an additional 70,504 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in Rubrik by 471.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after acquiring an additional 41,756 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Performance

Shares of Rubrik stock opened at $53.53 on Tuesday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $103.00. The stock’s 50-day simple moving average is $51.78 and its 200 day simple moving average is $65.45. The stock has a market capitalization of $10.83 billion, a P/E ratio of -30.24 and a beta of 0.63.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The company’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. Equities research analysts forecast that Rubrik, Inc. will post -1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RBRK. Scotiabank set a $70.00 price target on shares of Rubrik and gave the stock an “outperform” rating in a report on Monday. KeyCorp cut their price target on shares of Rubrik from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Truist Financial cut their price target on shares of Rubrik from $110.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Robert W. Baird cut their price target on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Finally, Guggenheim reissued a “buy” rating and issued a $110.00 price target on shares of Rubrik in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.71.

Insider Activity

In related news, Director Mark D. Mclaughlin purchased 10,638 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were purchased at an average cost of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the transaction, the director directly owned 13,639 shares in the company, valued at approximately $643,897.19. This represents a 354.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total value of $1,033,800.00. Following the sale, the chief financial officer owned 549,901 shares in the company, valued at approximately $28,424,382.69. This represents a 3.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 203,113 shares of company stock worth $10,157,582 over the last ninety days. Company insiders own 32.38% of the company’s stock.

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).