FORA Capital LLC Makes New $4.57 Million Investment in Rubrik, Inc. $RBRK

Key Points

• FORA Capital LLC acquired 74,987 shares of Rubrik, Inc. valued at approximately $4,573,000, marking a new position in the company during the first quarter.
• Rubrik reported a quarterly revenue of $278.48 million, exceeding analysts' expectations, with earnings of ($0.15) per share, outperforming an estimate of ($0.32) per share.
• Analysts have set new price targets for Rubrik, with Wedbush and Wells Fargo increasing their targets to $120.00 and $125.00 respectively, amidst a consensus price target of $100.38.

FORA Capital LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 74,987 shares of the company's stock, valued at approximately $4,573,000.

Several other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Rubrik during the fourth quarter worth approximately $28,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the 1st quarter worth approximately $30,000. Summit Securities Group LLC acquired a new position in shares of Rubrik during the 1st quarter worth approximately $31,000. Comerica Bank raised its stake in Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after acquiring an additional 395 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Rubrik in the 4th quarter valued at $47,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBRK has been the subject of a number of research analyst reports. Roth Capital lifted their price objective on shares of Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. Mizuho cut shares of Rubrik from an "outperform" rating to a "neutral" rating and increased their price target for the company from $75.00 to $86.00 in a report on Thursday, May 15th. CIBC boosted their price objective on Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a report on Monday, June 9th. Finally, Wells Fargo & Company upped their target price on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Rubrik has an average rating of "Moderate Buy" and a consensus target price of $100.38.

Insider Activity

In related news, Director Yvonne Wassenaar sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total transaction of $176,420.00. Following the sale, the director owned 2,855 shares in the company, valued at approximately $251,839.55. This trade represents a 41.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $87.29, for a total transaction of $786,395.61. Following the completion of the transaction, the director directly owned 998 shares in the company, valued at $87,115.42. This trade represents a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,045,047 shares of company stock valued at $95,920,989. Company insiders own 32.38% of the company's stock.

Rubrik Price Performance

NYSE:RBRK traded up $5.61 during trading hours on Thursday, reaching $93.14. 3,137,807 shares of the company were exchanged, compared to its average volume of 2,649,548. The business has a 50 day moving average of $87.85 and a 200 day moving average of $78.45. Rubrik, Inc. has a 1-year low of $29.18 and a 1-year high of $103.00. The company has a market capitalization of $18.02 billion, a P/E ratio of -32.91 and a beta of 0.45.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. Rubrik's revenue was up 48.7% on a year-over-year basis. During the same period in the prior 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. As a group, equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

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.