Pictet Asset Management Holding SA Has $124.66 Million Stake in Rubrik, Inc. $RBRK

Key Points

• Pictet Asset Management increased its stake in Rubrik by 24.0% in the latest 13F, owning 1,629,161 shares worth $124.66 million (about 0.81% of the company).
• Rubrik beat estimates in its most recent quarter with $0.04 EPS vs. a -$0.11 consensus and revenue of $377.7M (up 46.3% year-over-year); it guided Q1 2027 EPS of -0.040–-0.020 and FY2027 EPS of 0.070–0.270, while analysts hold a consensus "Moderate Buy" and an average target of $85.48.
• Insiders have been selling, including the CFO and a director, with 203,113 shares sold (~$10.16M) over the last 90 days; insiders own 32.38% of the stock and institutional investors hold 49.54%.

Pictet Asset Management Holding SA boosted its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,629,161 shares of the company's stock after buying an additional 314,816 shares during the period. Pictet Asset Management Holding SA owned approximately 0.81% of Rubrik worth $124,658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC lifted its holdings in Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company's stock valued at $26,000 after buying an additional 243 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock valued at $30,000 after buying an additional 340 shares during the period. Financial Life Planners acquired a new position in Rubrik in the third quarter valued at $31,000. Guerra Advisors Inc acquired a new position in Rubrik in the third quarter valued at $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in Rubrik in the third quarter valued at $34,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Trading Up 2.1%

RBRK opened at $53.40 on Tuesday. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $103.00. The company has a market cap of $10.80 billion, a P/E ratio of -30.17 and a beta of 0.63. The company has a fifty day moving average price of $51.63 and a two-hundred day moving average price of $64.40.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. During the same period last year, the firm posted ($0.18) earnings per share. The company's revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, research analysts forecast that Rubrik, Inc. will post -1.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RBRK. Weiss Ratings restated a "sell (d-)" rating on shares of Rubrik in a report on Friday, March 27th. Stephens began coverage on shares of Rubrik in a report on Monday, December 29th. They issued an "overweight" rating and a $105.00 target price on the stock. Scotiabank set a $70.00 target price on shares of Rubrik and gave the company a "sector outperform" rating in a report on Monday, April 20th. Robert W. Baird dropped their target price on shares of Rubrik from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, March 6th. Finally, Mizuho decreased their price target on shares of Rubrik from $97.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.48.

Insider Buying and Selling at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 20,000 shares of Rubrik stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total value of $1,033,800.00. Following the completion of the sale, the chief financial officer directly owned 549,901 shares of the company's stock, valued at approximately $28,424,382.69. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of Rubrik stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $48.96, for a total transaction of $122,400.00. Following the completion of the sale, the director directly owned 20,000 shares of the company's stock, valued at approximately $979,200. This trade represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 203,113 shares of company stock valued at $10,157,582. Corporate insiders own 32.38% of the company's stock.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company's platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).

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