Cliffwater LLC Takes Position in Rubrik, Inc. $RBRK

Key Points

• Cliffwater LLC acquired 3,184 shares of Rubrik, Inc., valued at approximately $194,000, making it a minor holding in their portfolio.
• Rubrik's stock has received various positive ratings from analysts, with target prices ranging from $100.38 to $125.00, indicating strong market confidence.
• Rubrik reported quarterly earnings that exceeded expectations, with a revenue increase of 48.7% year-over-year, showcasing significant growth in their business operations.

Cliffwater LLC purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,184 shares of the company's stock, valued at approximately $194,000. Rubrik accounts for 0.1% of Cliffwater LLC's holdings, making the stock its 18th largest position.

A number of other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Rubrik during the 4th quarter worth about $28,000. PNC Financial Services Group Inc. purchased a new stake in Rubrik during the first quarter worth about $30,000. Summit Securities Group LLC purchased a new stake in Rubrik during the first quarter worth about $31,000. Point72 Hong Kong Ltd purchased a new stake in Rubrik during the fourth quarter worth about $47,000. Finally, Quarry LP purchased 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Rubrik from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Robert W. Baird boosted their price target on shares of Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Guggenheim lifted their target price on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday, June 6th. UBS Group restated a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $110.00 price objective (up from $77.00) on shares of Rubrik 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

Insider Transactions at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $88.37, for a total value of $309,295.00. Following the completion of the transaction, the chief financial officer owned 518,595 shares in the company, valued at $45,828,240.15. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Lightspeed Management Company, sold 16,984 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the transaction, the insider owned 59,182 shares of the company's stock, valued at $5,295,013.54. This represents a 22.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,045,047 shares of company stock valued at $95,962,744 over the last quarter. 32.38% of the stock is owned by corporate insiders.

Rubrik Stock Performance

Shares of NYSE:RBRK traded up $0.1830 on Thursday, hitting $85.2830. 1,614,250 shares of the company's stock were exchanged, compared to its average volume of 3,001,377. The firm's 50-day moving average is $87.98 and its 200 day moving average is $77.89. The company has a market capitalization of $16.50 billion, a PE ratio of -30.14 and a beta of 0.45. 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 announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. The business's revenue for the quarter was up 48.7% compared to the same quarter last year. During the same period last year, the company 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.

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.