Alyeska Investment Group L.P. Invests $14.15 Million in Rubrik, Inc. $RBRK

Key Points

• Alyeska Investment Group L.P. has purchased 232,057 shares of Rubrik, Inc., valued at approximately $14.15 million, representing about 0.12% ownership of the company.
• Rubrik's recent earnings report showed a 48.7% year-over-year revenue increase, with revenue of $278.48 million and an EPS of ($0.15), beating estimates.
• Analysts have raised their price targets for Rubrik, with several firms including BMO Capital Markets and Rosenblatt Securities setting targets of $110, indicating strong future potential.

Alyeska Investment Group L.P. purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 232,057 shares of the company's stock, valued at approximately $14,151,000. Alyeska Investment Group L.P. owned about 0.12% of Rubrik as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Rubrik by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 36,741 shares of the company's stock valued at $2,401,000 after acquiring an additional 1,363 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Rubrik by 52.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 12,535 shares of the company's stock valued at $819,000 after acquiring an additional 4,303 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Rubrik by 47.4% in the 4th quarter. Northern Trust Corp now owns 192,276 shares of the company's stock valued at $12,567,000 after acquiring an additional 61,857 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of 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 acquiring an additional 3,593 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Rubrik by 2,899.7% in the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock valued at $20,508,000 after acquiring an additional 303,305 shares during the last quarter. Institutional investors own 49.54% of the company's stock.

Rubrik Trading Down 14.0%

Shares of RBRK stock traded down $13.80 during midday trading on Wednesday, reaching $84.70. 10,168,849 shares of the stock were exchanged, compared to its average volume of 3,040,577. Rubrik, Inc. has a 1 year low of $30.09 and a 1 year high of $103.00. The company's 50 day moving average is $88.15 and its two-hundred day moving average is $79.33. The firm has a market cap of $16.39 billion, a PE ratio of -29.89 and a beta of 0.43.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Tuesday, September 9th. The company reported ($0.49) earnings per share 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 analysts' expectations of $282.26 million. During the same quarter last year, the business earned ($0.40) EPS. The business's revenue for the quarter 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, equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Activity

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $85.97, for a total transaction of $2,149,250.00. Following the transaction, the executive owned 431,052 shares in the company, valued at approximately $37,057,540.44. This represents a 5.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Enrique T. Salem sold 700,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $91.09, for a total value of $63,763,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 910,586 shares of company stock worth $82,305,628. Company insiders own 32.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RBRK. Rosenblatt Securities boosted their target price on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday. UBS Group reissued a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Wells Fargo & Company boosted their price target on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. CIBC boosted their price target on Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a report on Monday, June 9th. Finally, KeyCorp boosted their price target on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of "Moderate Buy" and an average target price of $104.06.

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.