Rubrik, Inc. $RBRK Holdings Lifted by Mission Creek Capital Partners Inc.

Key Points

• Mission Creek Capital Partners Inc. increased its stake in Rubrik, Inc. by 239.0% during Q1, adding 63,012 shares to reach a total of 89,376 shares worth approximately $5.45 million.
• Multiple large investors, including Bank of America Corp and Two Sigma Investments LP, significantly raised their positions in Rubrik, which is now about 49.54% owned by institutional investors.
• Rubrik reported quarterly earnings that surpassed expectations, with revenue of $278.48 million, up 48.7% year-over-year, and has a consensus target price of $100.38 from analysts.

Mission Creek Capital Partners Inc. raised its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 239.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,376 shares of the company's stock after purchasing an additional 63,012 shares during the period. Rubrik comprises approximately 1.2% of Mission Creek Capital Partners Inc.'s holdings, making the stock its 24th largest holding. Mission Creek Capital Partners Inc.'s holdings in Rubrik were worth $5,450,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in RBRK. PNC Financial Services Group Inc. acquired a new stake in shares of Rubrik during the 1st quarter valued at approximately $30,000. Summit Securities Group LLC acquired a new stake in shares of Rubrik during the 1st quarter valued at approximately $31,000. Comerica Bank raised its position in shares of Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after acquiring an additional 395 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Rubrik during the 4th quarter valued at approximately $47,000. Finally, Quarry LP acquired a new stake in shares of Rubrik during the 4th quarter valued at approximately $48,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ravi Mhatre sold 16,984 shares of the stock in a transaction on Monday, June 30th. The stock was 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 owned 81,842 shares of the company's stock, valued at approximately $7,322,403.74. This represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $100.18, for a total value of $2,504,500.00. Following the transaction, the executive directly owned 454,584 shares of the company's stock, valued at $45,540,225.12. This represents a 5.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 976,554 shares of company stock valued at $89,170,211. Company insiders own 32.38% of the company's stock.

Wall Street Analyst Weigh In

RBRK has been the topic of several research reports. Rosenblatt Securities upped their price target on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Guggenheim upped their price target on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Wedbush increased their target price on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. KeyCorp reaffirmed an "overweight" rating and issued a $113.00 target price (up from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Finally, Mizuho lowered Rubrik from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Rubrik Stock Performance

Shares of NYSE:RBRK traded down $2.25 on Tuesday, hitting $87.15. The company's stock had a trading volume of 769,203 shares, compared to its average volume of 2,968,429. Rubrik, Inc. has a 12 month low of $29.18 and a 12 month high of $103.00. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of -30.83 and a beta of 0.44. The stock's 50-day moving average is $87.91 and its two-hundred day moving average is $78.65.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $260.39 million. During the same period in the previous year, the company posted ($1.58) EPS. The company's revenue for the quarter was up 48.7% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. Equities analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Rubrik Company 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.