Rubrik, Inc. $RBRK Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC has significantly increased its stake in Rubrik, Inc. by 364.3%, owning approximately $24.59 million worth of the stock following a purchase of 316,393 additional shares.
• Insider transactions revealed that Ravi Mhatre sold over 16,000 shares, reducing his ownership by 17.19%, while Kiran Kumar Choudary sold 3,500 shares, representing a 0.67% decrease in their holdings.
• Rubrik's stock has seen a recent downgrade from a "buy" to a "hold" rating by certain analysts while others have raised their target prices significantly, reflecting a consensus rating of "Moderate Buy."

Jump Financial LLC boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 364.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 403,254 shares of the company's stock after acquiring an additional 316,393 shares during the quarter. Jump Financial LLC owned about 0.21% of Rubrik worth $24,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC acquired a new stake in Rubrik during the 4th quarter worth approximately $85,331,000. Green Alpha Advisors LLC lifted its position in Rubrik by 53.4% during the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock worth $495,000 after acquiring an additional 2,824 shares during the period. BNP Paribas Financial Markets lifted its position in Rubrik by 2,899.7% during the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock worth $20,508,000 after acquiring an additional 303,305 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Rubrik by 168.2% during 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 worth $43,610,000 after acquiring an additional 418,457 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Rubrik by 14.0% during the 4th quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock worth $1,909,000 after acquiring an additional 3,593 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wedbush raised their price target on Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Roth Capital raised their price target on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company raised their price target on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. UBS Group reissued a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price target (up from $77.00) on shares of Rubrik in a report on Friday, June 6th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Rubrik presently has an average rating of "Moderate Buy" and an average price target of $100.38.

Insider Transactions at Rubrik

In related news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $100.18, for a total value of $2,504,500.00. Following the transaction, the executive owned 454,584 shares in the company, valued at approximately $45,540,225.12. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders have sold 1,048,547 shares of company stock valued at $96,252,999 in the last ninety days. Company insiders own 32.38% of the company's stock.

Rubrik Price Performance

Rubrik stock traded down $0.93 during mid-day trading on Monday, hitting $87.84. 1,264,026 shares of the company were exchanged, compared to its average volume of 2,933,456. The business's 50 day simple moving average is $87.80 and its two-hundred day simple moving average is $78.22. The company has a market capitalization of $17.00 billion, a P/E ratio of -31.04 and a beta of 0.45. Rubrik, Inc. has a 12-month low of $29.18 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. The business's quarterly revenue was up 48.7% on a year-over-year basis. During the same period in the previous year, the business 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. Equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share 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.