Rubrik, Inc. $RBRK Stock Holdings Trimmed by PointState Capital LP

Key Points

• PointState Capital LP reduced its stake in Rubrik, Inc. by 12.7%, now holding 1,330,301 shares after selling 193,507 during the first quarter.
• Rubrik reported a 48.7% year-over-year increase in revenue for the quarter, totaling $278.48 million, and exceeded EPS estimates with a loss of ($0.15) compared to the consensus of ($0.32).
• Several analysts have expressed positive outlooks on Rubrik, with Wells Fargo increasing its price target to $125.00 and a consensus rating of "Moderate Buy" among fifteen analysts.

PointState Capital LP decreased its holdings in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 12.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,330,301 shares of the company's stock after selling 193,507 shares during the quarter. Rubrik comprises approximately 1.2% of PointState Capital LP's holdings, making the stock its 25th biggest holding. PointState Capital LP owned approximately 0.70% of Rubrik worth $81,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Rubrik by 9.7% during the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock valued at $423,512,000 after purchasing an additional 616,917 shares during the period. Voloridge Investment Management LLC purchased a new stake in Rubrik during the 4th quarter worth $85,331,000. Bank of America Corp DE lifted its holdings in Rubrik by 1,305.1% in the 4th quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock worth $72,994,000 after buying an additional 1,037,319 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Rubrik by 13.4% in the 1st quarter. Penserra Capital Management LLC now owns 1,006,111 shares of the company's stock worth $61,352,000 after buying an additional 119,258 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Rubrik by 186.8% in the 1st quarter. BNP Paribas Financial Markets now owns 899,853 shares of the company's stock valued at $54,873,000 after buying an additional 586,088 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Price Performance

Shares of NYSE:RBRK traded up $3.10 during trading on Tuesday, reaching $98.71. 8,618,910 shares of the company's stock traded hands, compared to its average volume of 2,256,390. The stock has a market capitalization of $19.10 billion, a P/E ratio of -34.88 and a beta of 0.43. Rubrik, Inc. has a 12 month low of $29.18 and a 12 month high of $103.00. The company has a 50 day moving average of $88.15 and a 200-day moving average of $79.33.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.15). The firm's revenue was up 44.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RBRK shares. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 price target (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Cantor Fitzgerald upped their target price on Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Guggenheim increased their target price on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Wells Fargo & Company lifted their price target on shares of Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Finally, UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and a consensus price target of $100.38.

Insider Activity

In other news, Director Ravi Mhatre sold 16,984 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the transaction, the director owned 81,842 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $85.97, for a total transaction of $2,149,250.00. Following the completion of the sale, the executive directly owned 431,052 shares in the company, valued at approximately $37,057,540.44. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 914,086 shares of company stock worth $82,614,503 over the last 90 days. 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.