Dimensional Fund Advisors LP Reduces Stock Holdings in Rubrik, Inc. $RBRK

Key Points

• Dimensional Fund Advisors cut its Rubrik stake by 62.9% in the first quarter, selling 245,339 shares and retaining 144,761 shares worth about $7.1 million. Institutional investors collectively own 49.54% of the company.
• Rubrik reported stronger-than-expected quarterly results, with EPS of $0.16 versus consensus of a $0.03 loss and revenue of $387.07 million, up 39% year over year.
• Analyst sentiment remains broadly positive, with 29 Buy ratings and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $94.20. However, insiders sold approximately $26.4 million of stock over the past quarter.

Dimensional Fund Advisors LP cut its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 62.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,761 shares of the company's stock after selling 245,339 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Rubrik worth $7,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp grew its stake in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after purchasing an additional 200 shares during the period. Triumph Capital Management purchased a new position in shares of Rubrik during the fourth quarter valued at approximately $33,000. Banque Cantonale Vaudoise purchased a new stake in shares of Rubrik in the 3rd quarter worth approximately $34,000. Los Angeles Capital Management LLC purchased a new position in Rubrik during the fourth quarter valued at $35,000. Finally, Comerica Bank grew its stake in shares of Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after acquiring an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Stock Performance

Shares of Rubrik stock opened at $98.06 on Tuesday. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.95. The stock's fifty day moving average is $77.50 and its 200 day moving average is $63.49. The stock has a market cap of $20.18 billion, a P/E ratio of -67.63 and a beta of 1.17.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. The business's revenue for the quarter was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Analysts predict that Rubrik, Inc. will post -1.16 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Truist Financial restated a "buy" rating and set a $90.00 price objective (up from $80.00) on shares of Rubrik in a research note on Friday, June 5th. Piper Sandler reiterated an "overweight" rating and set a $91.00 target price (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. UBS Group reissued a "buy" rating on shares of Rubrik in a report on Monday, June 1st. BMO Capital Markets boosted their price target on Rubrik from $87.00 to $98.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Rubrik in a report on Friday, June 5th. Twenty-nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of "Moderate Buy" and an average price target of $94.20.

Insider Transactions at Rubrik

In other news, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71. Following the transaction, the director directly owned 113,477 shares of the company's stock, valued at $8,112,470.73. The trade was a 3.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Wendell Thompson sold 11,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total value of $909,150.00. Following the transaction, the director owned 8,362 shares of the company's stock, valued at approximately $691,119.30. This trade represents a 56.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 317,682 shares of company stock valued at $26,402,176 over the last quarter. 13.66% of the stock is currently owned by company insiders.

Rubrik Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company's platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).

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