Renaissance Capital LLC Has $6.53 Million Stock Holdings in Rubrik, Inc. $RBRK

Key Points

• Renaissance Capital LLC increased its holdings in Rubrik, Inc. by 28.5% during Q2, owning a total of 72,871 shares valued at approximately $6.53 million, making it the firm's 6th largest holding.
• Rubrik reported $309.86 million in revenue for the last quarter, exceeding estimates and marking a 44.9% increase year-over-year, while its earnings per share (EPS) beat expectations.
• Several analysts upgraded their price targets for Rubrik shares, with the consensus seeing the stock as a "Moderate Buy" with a target price of approximately $108.67.

Renaissance Capital LLC boosted its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 28.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,871 shares of the company's stock after purchasing an additional 16,156 shares during the period. Rubrik comprises about 4.6% of Renaissance Capital LLC's portfolio, making the stock its 6th largest holding. Renaissance Capital LLC's holdings in Rubrik were worth $6,529,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RBRK. Union Bancaire Privee UBP SA acquired a new stake in Rubrik in the second quarter valued at $5,187,000. Janney Montgomery Scott LLC acquired a new stake in shares of Rubrik during the 2nd quarter worth about $633,000. Smith Anglin Financial LLC raised its stake in Rubrik by 33.8% in the 2nd quarter. Smith Anglin Financial LLC now owns 8,262 shares of the company's stock worth $740,000 after purchasing an additional 2,085 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in Rubrik in the 2nd quarter worth about $29,000. Finally, ORG Partners LLC raised its stake in Rubrik by 1,622.2% in the 2nd quarter. ORG Partners LLC now owns 775 shares of the company's stock worth $66,000 after purchasing an additional 730 shares in the last quarter. Institutional investors own 49.54% of the company's stock.

Rubrik Trading Up 1.6%

Shares of Rubrik stock opened at $83.47 on Tuesday. The firm has a market capitalization of $16.48 billion, a PE ratio of -35.67 and a beta of 0.44. The firm's 50 day moving average is $85.80 and its 200 day moving average is $81.20. Rubrik, Inc. has a 1 year low of $30.36 and a 1 year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. The company's revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period last year, the firm 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. As a group, research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In related news, Director John Wendell Thompson sold 9,009 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $87.83, for a total value of $791,260.47. Following the sale, the director owned 998 shares of the company's stock, valued at $87,654.34. The trade was a 90.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Brian K. Mccarthy sold 4,670 shares of the business's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $346,560.70. Following the completion of the sale, the executive directly owned 407,632 shares in the company, valued at approximately $30,250,370.72. This represents a 1.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,457 shares of company stock worth $9,530,859. Company insiders own 32.38% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Robert W. Baird lifted their price objective on shares of Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Wells Fargo & Company boosted their target price on shares of Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Oppenheimer restated a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th. FBN Securities restated an "outperform" rating on shares of Rubrik in a research report on Wednesday, September 10th. 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 report on Friday, June 6th. Sixteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $108.67.

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.

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