Rubrik, Inc. $RBRK Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its holdings in Rubrik, Inc. by 28.6%, now owning approximately 1,028,503 shares valued at $62,718,000.
• In Q1, several hedge funds increased their positions in Rubrik, with Voloridge Investment Management LLC buying in for about $85 million and UBS AM boosting their stake by 168.2%.
• Rubrik's Q1 earnings beat expectations with a reported loss of ($0.15) EPS on revenue of $278.48 million, up 48.7% year-over-year, compared to consensus estimates of ($0.32) EPS and $260.39 million in revenue.

Alliancebernstein L.P. decreased its holdings in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 28.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028,503 shares of the company's stock after selling 412,866 shares during the period. Alliancebernstein L.P. owned about 0.54% of Rubrik worth $62,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC acquired a new position in Rubrik in the 4th quarter valued at $85,331,000. Green Alpha Advisors LLC raised its stake in Rubrik by 53.4% in the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock valued at $495,000 after purchasing an additional 2,824 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rubrik by 168.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after purchasing an additional 418,457 shares during the last quarter. Northern Trust Corp raised its stake in Rubrik by 23.1% in the 1st quarter. Northern Trust Corp now owns 236,649 shares of the company's stock valued at $14,431,000 after purchasing an additional 44,373 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Rubrik by 14.0% in the 4th quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock valued at $1,909,000 after purchasing an additional 3,593 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Down 3.3%

Shares of RBRK traded down $2.68 during midday trading on Thursday, reaching $78.04. The company had a trading volume of 7,092,017 shares, compared to its average volume of 3,117,508. Rubrik, Inc. has a 1-year low of $30.09 and a 1-year high of $103.00. The stock has a market cap of $15.10 billion, a PE ratio of -33.38 and a beta of 0.43. The firm has a 50 day simple moving average of $88.06 and a 200-day simple moving average of $79.34.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.15). The business had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.26 million. During the same period in the previous year, the business earned ($0.40) earnings per share. The firm's revenue was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. As a group, sell-side analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RBRK has been the subject of several recent research reports. Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Robert W. Baird increased their price objective on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. UBS Group reissued a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. FBN Securities reissued an "outperform" rating on shares of Rubrik in a research note on Wednesday. Finally, Wedbush reissued an "outperform" rating and issued a $120.00 price objective on shares of Rubrik in a research note on Thursday. Sixteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $104.38.

Insiders Place Their Bets

In related news, CRO Brian K. Mccarthy sold 12,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $87.84, for a total transaction of $1,098,000.00. Following the completion of the sale, the executive directly owned 406,052 shares of the company's stock, valued at approximately $35,667,607.68. This trade represents a 2.99% decrease in their position. The sale was disclosed in a document filed 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 Tuesday, September 2nd. The stock was sold at an average price of $87.83, for a total value of $791,260.47. Following the sale, the director directly owned 998 shares of the company's stock, valued at $87,654.34. The trade was a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 910,586 shares of company stock valued at $82,305,628 over the last 90 days. Company insiders own 32.38% of the company's stock.

Rubrik Company Profile

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.