Aperture Investors LLC Reduces Stock Position in 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 cut its position 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 & Exchange Commission. The institutional investor owned 154,099 shares of the company's stock after selling 150,054 shares during the quarter. Rubrik accounts for 1.2% of Aperture Investors LLC's portfolio, making the stock its 27th biggest holding. Aperture Investors LLC owned approximately 0.08% of Rubrik worth $9,397,000 as of its most recent filing with the Securities & Exchange Commission.

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

Rubrik Price Performance

Shares of NYSE:RBRK traded down $1.50 during midday trading on Tuesday, hitting $87.90. 1,732,999 shares of the company's stock were exchanged, compared to its average volume of 2,974,412. The stock has a 50 day moving average price of $87.91 and a 200-day moving average price of $78.65. The company has a market cap of $17.01 billion, a PE ratio of -31.06 and a beta of 0.44. Rubrik, Inc. has a 12 month low of $29.18 and a 12 month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted 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. The company's revenue was up 48.7% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analysts Set New Price Targets

RBRK has been the topic of a number of recent research reports. Roth Capital lifted their target price on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. KeyCorp reaffirmed an "overweight" rating and set a $113.00 price objective (up from $98.00) on shares of Rubrik in a report on Friday, June 6th. Wedbush lifted their price objective on Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. Finally, Cantor Fitzgerald lifted their price objective on Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Rubrik has an average rating of "Moderate Buy" and a consensus price target of $100.38.

Insider Buying and Selling at Rubrik

In related news, Director Enrique T. Salem sold 700,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $91.09, for a total transaction of $63,763,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ravi Mhatre sold 16,984 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the transaction, the director owned 81,842 shares in the company, valued at approximately $7,322,403.74. This trade represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 976,554 shares of company stock valued at $89,170,211 in the last quarter. 32.38% of the stock is owned by company 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.