1832 Asset Management L.P. Invests $19.35 Million in Rubrik, Inc. $RBRK

Key Points

• 1832 Asset Management L.P. invested approximately $19.35 million in Rubrik, acquiring 317,300 shares, which is about 0.17% ownership of the company.
• Rubrik has received a series of buy ratings from analysts, with price targets increasing significantly, reflecting positive market sentiment.
• In its latest earnings report, Rubrik surpassed expectations, reporting a revenue of $278.48 million, which is a 48.7% increase from the previous year.

1832 Asset Management L.P. bought a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 317,300 shares of the company's stock, valued at approximately $19,349,000. 1832 Asset Management L.P. owned 0.17% of Rubrik at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Rubrik by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock valued at $423,512,000 after acquiring an additional 616,917 shares during the period. PointState Capital LP increased its position in Rubrik by 21.1% in the 4th quarter. PointState Capital LP now owns 1,523,808 shares of the company's stock valued at $99,596,000 after acquiring an additional 265,152 shares during the period. Voloridge Investment Management LLC acquired a new stake in Rubrik in the 4th quarter valued at approximately $85,331,000. Bank of America Corp DE increased its position in Rubrik by 1,305.1% in the 4th quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock valued at $72,994,000 after acquiring an additional 1,037,319 shares during the period. Finally, Penserra Capital Management LLC increased its position in Rubrik by 13.4% in the 1st quarter. Penserra Capital Management LLC now owns 1,006,111 shares of the company's stock valued at $61,352,000 after acquiring an additional 119,258 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group restated a "buy" rating on shares of Rubrik in a research report on Friday, June 6th. Guggenheim increased their price target on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Rosenblatt Securities lifted their price target on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Roth Capital lifted their price target on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Finally, Robert W. Baird lifted their price target on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

Rubrik Stock Performance

Shares of RBRK stock opened at $88.6780 on Friday. The stock has a market cap of $17.16 billion, a PE ratio of -31.33 and a beta of 0.45. The business's fifty day moving average is $87.88 and its 200-day moving average is $78.11. Rubrik, Inc. has a 1 year low of $29.18 and a 1 year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. The business's revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.58) earnings per share. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. Equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In other news, Director John Wendell Thompson sold 9,009 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $87.29, for a total transaction of $786,395.61. Following the completion of the sale, the director directly owned 998 shares of the company's stock, valued at $87,115.42. This trade represents a 90.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Brian K. Mccarthy sold 12,500 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $87.29, for a total value of $1,091,125.00. Following the sale, the executive directly owned 418,552 shares of the company's stock, valued at approximately $36,535,404.08. This represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,048,547 shares of company stock worth $96,252,999. 32.38% of the stock is owned by insiders.

About Rubrik

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.

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