Aperture Investors LLC Sells 150,054 Shares of Rubrik, Inc. $RBRK

Key Points

• Aperture Investors LLC reduced its stake in Rubrik, Inc. by 49.3%, now holding 154,099 shares valued at approximately $9.4 million as of its latest SEC filing.
• Insiders, including Director Enrique T. Salem, sold over 1 million shares of Rubrik stock in recent transactions, with significant values exceeding $95 million.
• Rubrik's stock price has risen by 6.4%, with recent earnings reporting a 48.7% year-over-year revenue increase despite a negative earnings per share.

Aperture Investors LLC lowered its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 49.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,099 shares of the company's stock after selling 150,054 shares during the period. Rubrik makes up 1.2% of Aperture Investors LLC's portfolio, making the stock its 27th biggest position. Aperture Investors LLC owned approximately 0.08% of Rubrik worth $9,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Rubrik during the first quarter worth about $30,000. Summit Securities Group LLC acquired a new stake in shares of Rubrik during the first quarter worth about $31,000. Comerica Bank raised its position in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after purchasing an additional 395 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Rubrik during the fourth quarter worth about $47,000. Finally, Quarry LP acquired a new stake in shares of Rubrik during the fourth quarter worth about $48,000. Institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Guggenheim raised their price target on Rubrik from $105.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. CIBC lifted their target price on Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a research report on Monday, June 9th. Roth Capital lifted their target price on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Cantor Fitzgerald lifted their target price on Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Finally, Mizuho lowered Rubrik from an "outperform" rating to a "neutral" rating and lifted their target price for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and an average price target of $100.38.

Insiders Place Their Bets

In related news, CFO Kiran Kumar Choudary sold 3,500 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $82.93, for a total value of $290,255.00. Following the completion of the sale, the chief financial officer directly owned 517,095 shares in the company, valued at $42,882,688.35. The trade was a 0.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Brian K. Mccarthy sold 12,500 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $87.29, for a total value of $1,091,125.00. Following the completion of the sale, the executive owned 418,552 shares of the company's stock, valued at $36,535,404.08. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 976,554 shares of company stock worth $89,170,211 over the last three months. 32.38% of the stock is currently owned by corporate insiders.

Rubrik Stock Down 0.2%

Shares of NYSE RBRK traded down $0.20 during midday trading on Wednesday, hitting $87.71. 818,277 shares of the company's stock were exchanged, compared to its average volume of 2,961,167. Rubrik, Inc. has a 12 month low of $29.18 and a 12 month high of $103.00. The company's 50 day moving average price is $87.87 and its 200 day moving average price is $78.72. The firm has a market capitalization of $16.97 billion, a PE ratio of -30.99 and a beta of 0.43.

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

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.