Magnetar Financial LLC Increases Stock Holdings in Rubrik, Inc. $RBRK

Key Points

• Magnetar Financial LLC increased its stake in Rubrik, Inc. by 167.3% during Q1, now owning 9,677 shares valued at approximately $590,000.
• Institutional investors collectively own 49.54% of Rubrik, with significant stakes acquired by firms like Bank of America and Two Sigma Investments.
• Rubrik's Q1 earnings report showed a revenue increase of 48.7% year-over-year, with an EPS of ($0.15), outperforming analysts' expectations.

Magnetar Financial LLC boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 167.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,677 shares of the company's stock after purchasing an additional 6,057 shares during the period. Magnetar Financial LLC's holdings in Rubrik were worth $590,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Comerica Bank boosted its holdings 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 acquiring an additional 395 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Rubrik in the 1st quarter valued at $30,000. Summit Securities Group LLC purchased a new stake in shares of Rubrik in the 1st quarter valued at $31,000. KBC Group NV boosted its holdings in shares of Rubrik by 24.6% in the 1st quarter. KBC Group NV now owns 3,337 shares of the company's stock valued at $203,000 after acquiring an additional 658 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Rubrik in the 4th quarter valued at $47,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Trading Down 0.2%

NYSE:RBRK traded down $0.21 during trading hours on Wednesday, reaching $87.69. 1,755,755 shares of the company were exchanged, compared to its average volume of 2,259,671. The stock's 50-day moving average is $87.81 and its 200-day moving average is $78.78. The firm has a market cap of $16.97 billion, a PE ratio of -30.98 and a beta of 0.43. Rubrik, Inc. has a twelve month low of $29.18 and a twelve month high of $103.00.

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

Insider Buying and Selling at Rubrik

In other news, Director Yvonne Wassenaar sold 2,000 shares of the company's stock in a transaction 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 completion of the sale, the director owned 2,855 shares of the company's stock, valued at $251,839.55. This represents a 41.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $82.93, for a total transaction of $290,255.00. Following the sale, the chief financial officer directly owned 517,095 shares of the company's stock, valued at $42,882,688.35. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 976,554 shares of company stock valued at $89,170,211. 32.38% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RBRK. Wall Street Zen cut shares of Rubrik from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Guggenheim boosted their target price on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Wedbush boosted their target price on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Finally, Roth Capital boosted their target price on shares of Rubrik from $97.00 to $107.00 and gave the company a "buy" rating 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $100.38.

Rubrik Profile

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.