Ieq Capital LLC Makes New Investment in Rubrik, Inc. $RBRK

Key Points

• Ieq Capital LLC acquired a new stake in Rubrik, Inc. during the first quarter, purchasing 305,636 shares valued at approximately $18.6 million.
• Rubrik reported better-than-expected quarterly earnings, with EPS of ($0.15) against an estimate of ($0.32) and a revenue increase of 48.7% year-over-year.
• Several analysts have raised their price targets for Rubrik, with new objectives reaching as high as $125.00, reflecting strong market confidence in the stock.

Ieq Capital LLC acquired a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 305,636 shares of the company's stock, valued at approximately $18,638,000. Ieq Capital LLC owned about 0.16% of Rubrik as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in Rubrik in the first quarter valued at approximately $30,000. Summit Securities Group LLC acquired a new position in shares of Rubrik in the 1st quarter valued at $31,000. Comerica Bank grew its position in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after buying an additional 395 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Rubrik during the 4th quarter worth $47,000. Finally, Quarry LP purchased a new stake in Rubrik in the fourth quarter valued at $48,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Price Performance

RBRK opened at $85.27 on Wednesday. Rubrik, Inc. has a 12 month low of $29.18 and a 12 month high of $103.00. The stock has a market capitalization of $16.50 billion, a P/E ratio of -30.13 and a beta of 0.45. The business has a 50 day simple moving average of $87.72 and a 200-day simple moving average of $78.27.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to analysts' expectations of $260.39 million. The company's revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.58) EPS. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. Research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RBRK shares. Roth Capital raised their price objective on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company increased their price objective on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Truist Financial increased their price target on shares of Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Finally, KeyCorp restated an "overweight" rating and issued a $113.00 price objective (up from $98.00) on shares of Rubrik in a research note on Friday, June 6th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Rubrik has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Insider Activity

In related news, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $82.93, for a total value of $290,255.00. Following the sale, the chief financial officer owned 517,095 shares in the company, valued at $42,882,688.35. This represents a 0.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ravi Mhatre sold 16,984 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $89.47, for a total value of $1,519,558.48. Following the completion of the transaction, the director directly owned 81,842 shares of the company's stock, valued at $7,322,403.74. The trade was a 17.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,045,047 shares of company stock valued at $95,920,989 in the last quarter. Insiders own 32.38% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.