Graham Capital Management L.P. Purchases 37,204 Shares of Rubrik, Inc. $RBRK

Key Points

• Graham Capital Management L.P. increased its stake in Rubrik, Inc. by 121.1% in the first quarter, owning 67,928 shares valued at $4.14 million.
• Other institutional investors have also significantly increased their positions, with BNP Paribas Financial Markets growing its holdings by 2,899.7% in the fourth quarter, now owning 313,765 shares worth $20.5 million.
• Rubrik's stock is currently valued at $89.54, down 3.8%, with a market cap of $17.32 billion, and reported revenue growth of 48.7% year-over-year in its latest earnings.

Graham Capital Management L.P. raised its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 121.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 67,928 shares of the company's stock after buying an additional 37,204 shares during the period. Graham Capital Management L.P.'s holdings in Rubrik were worth $4,142,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Voloridge Investment Management LLC bought a new position in Rubrik in the 4th quarter valued at $85,331,000. Green Alpha Advisors LLC boosted its position in Rubrik by 53.4% in the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock valued at $495,000 after buying an additional 2,824 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Rubrik by 2,899.7% in the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock valued at $20,508,000 after buying an additional 303,305 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Rubrik by 168.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after buying an additional 418,457 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Rubrik by 14.0% in the 4th quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock valued at $1,909,000 after buying an additional 3,593 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RBRK. Truist Financial increased their price objective on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Mizuho lowered Rubrik from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. Cantor Fitzgerald raised their price target on Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Rosenblatt Securities raised their price target on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Finally, KeyCorp restated an "overweight" rating and issued a $113.00 price target (up from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and an average target price of $100.38.

Insider Transactions at Rubrik

In other Rubrik news, Director Enrique T. Salem sold 700,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $91.09, for a total value of $63,763,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Arvind Nithrakashyap sold 43,128 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $88.56, for a total value of $3,819,415.68. Following the completion of the transaction, the chief technology officer directly owned 38,122 shares of the company's stock, valued at approximately $3,376,084.32. The trade was a 53.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 976,554 shares of company stock valued at $89,170,211. Insiders own 32.38% of the company's stock.

Rubrik Stock Performance

RBRK stock traded down $0.21 during midday trading on Wednesday, hitting $87.69. 1,755,755 shares of the company's stock were exchanged, compared to its average volume of 2,259,671. Rubrik, Inc. has a one year low of $29.18 and a one year high of $103.00. The company has a market cap of $16.97 billion, a PE ratio of -30.98 and a beta of 0.43. The stock's fifty day moving average price is $87.81 and its 200-day moving average price is $78.78.

Rubrik (NYSE:RBRK - Get Free Report) last posted its 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. During the same period in the previous year, the firm posted ($1.58) earnings per share. The firm's revenue was up 48.7% on a year-over-year basis. 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 expect that Rubrik, Inc. will post -7.66 EPS for the current 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.