Rubrik, Inc. $RBRK is HarbourVest Partners LLC's 4th Largest Position

HarbourVest Partners LLC reduced its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 49.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,658 shares of the company's stock after selling 84,973 shares during the period. Rubrik makes up about 8.6% of HarbourVest Partners LLC's investment portfolio, making the stock its 4th biggest holding. HarbourVest Partners LLC's holdings in Rubrik were worth $7,853,000 as of its most recent filing with the Securities and Exchange Commission.Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be FastOther institutional investors and hedge funds also recently modified their holdings of the company. Jump Financial LLC grew its position in shares of Rubrik by 1.5% during the second quarter. Jump Financial LLC now owns 409,330 shares of the company's stock worth $36,672,000 after buying an additional 6,076 shares in the last quarter. Avestar Capital LLC acquired a new position in Rubrik in the second quarter worth about $1,488,000. StoneX Group Inc. bought a new stake in Rubrik in the second quarter valued at about $896,000. Flow Traders U.S. LLC acquired a new stake in Rubrik during the second quarter valued at approximately $513,000. Finally, Cresset Asset Management LLC lifted its holdings in Rubrik by 94.9% during the 2nd quarter. Cresset Asset Management LLC now owns 7,097 shares of the company's stock worth $636,000 after buying an additional 3,456 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock. Rubrik Trading Up 22.6%Shares of NYSE RBRK opened at $86.36 on Monday. Rubrik, Inc. has a 12-month low of $47.35 and a 12-month high of $103.00. The company has a market cap of $17.05 billion, a PE ratio of -44.29 and a beta of 0.33. The stock has a 50 day simple moving average of $75.46 and a 200-day simple moving average of $83.57. 2 Reasons to Scoop Up Rubrik Stock and Hold on for LifeRubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.26. The business had revenue of $350.17 million for the quarter, compared to the consensus estimate of $320.19 million. During the same period in the previous year, the firm earned ($0.21) EPS. The firm's revenue was up 48.3% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -0.200--0.160 EPS and its Q4 2026 guidance at -0.120--0.100 EPS. Sell-side analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year. Insider Activity at RubrikIn other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the business's stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $75.90, for a total value of $759,000.00. Following the sale, the insider directly owned 349,319 shares in the company, valued at approximately $26,513,312.10. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of the firm's stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $68.75, for a total transaction of $619,368.75. Following the transaction, the director owned 998 shares of the company's stock, valued at approximately $68,612.50. This trade represents a 90.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,966 shares of company stock worth $8,777,876 over the last ninety days. 32.38% of the stock is currently owned by corporate insiders. Analyst Ratings ChangesCybersecurity Confidence: 3 of the Market's Most Upgraded StocksRBRK has been the topic of several research reports. Wedbush reissued an "outperform" rating and set a $120.00 price target on shares of Rubrik in a research report on Friday. Mizuho raised shares of Rubrik from a "neutral" rating to an "outperform" rating and set a $97.00 target price on the stock in a report on Monday, November 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Rubrik in a research report on Monday, December 1st. FBN Securities reaffirmed an "outperform" rating on shares of Rubrik in a research report on Wednesday, September 10th. Finally, UBS Group reissued a "buy" rating on shares of Rubrik in a report on Friday. Twenty research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $113.06.Check Out Our Latest Research Report on RBRKRubrik Company Profile (Free Report)Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.Featured ArticlesFive stocks we like better than RubrikTransportation Stocks InvestingBroadcom’s Biggest Test Yet: Will Q4 Earnings Spark Another Rally?What is a SEC Filing?Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be FastHow to Short Nasdaq: An Easy-to-Follow GuideFive Below and Dollar Tree Earnings Signal a Shopper ShiftThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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