Trexquant Investment LP Grows Stock Position in Rubrik, Inc. $RBRK

Key Points

• Trexquant Investment LP has increased its stake in Rubrik, Inc. by 66.6%, now holding 661,626 shares worth approximately $40.3 million.
• Multiple institutional investors, including Mission Creek Capital Partners and BNP Paribas Financial Markets, have significantly raised their holdings in Rubrik during the first quarter of the year, indicating strong interest in the stock.
• Despite insider selling, Rubrik's quarterly earnings exceeded expectations, reporting $278.48 million in revenue and a smaller-than-expected EPS loss of ($0.15).

Trexquant Investment LP raised its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 66.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 661,626 shares of the company's stock after acquiring an additional 264,417 shares during the period. Rubrik makes up approximately 0.5% of Trexquant Investment LP's holdings, making the stock its 16th biggest holding. Trexquant Investment LP owned approximately 0.35% of Rubrik worth $40,346,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the 1st quarter valued at approximately $30,000. Summit Securities Group LLC bought a new position in shares of Rubrik during the 1st quarter valued at approximately $31,000. Comerica Bank increased 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 purchasing an additional 395 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Rubrik during the 4th quarter valued at approximately $47,000. Finally, Quarry LP bought a new position in shares of Rubrik during the 4th quarter valued at approximately $48,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Trading Down 3.8%

Shares of RBRK stock traded down $3.49 during mid-day trading on Monday, reaching $89.54. The stock had a trading volume of 2,117,890 shares, compared to its average volume of 2,380,654. The business's fifty day moving average is $87.92 and its 200-day moving average is $78.57. The firm has a market cap of $17.32 billion, a price-to-earnings ratio of -31.64 and a beta of 0.44. Rubrik, Inc. has a 1-year low of $29.18 and a 1-year high of $103.00.

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

Insider Activity

In related news, Director Yvonne Wassenaar sold 2,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $88.21, for a total transaction of $176,420.00. Following the sale, the director directly owned 2,855 shares of the company's stock, valued at $251,839.55. This trade represents a 41.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravi Mhatre sold 16,984 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $89.47, for a total value of $1,519,558.48. Following the completion of the sale, the director directly owned 81,842 shares in the company, valued at approximately $7,322,403.74. The trade was a 17.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,011,038 shares of company stock valued at $92,581,215 over the last 90 days. Company insiders own 32.38% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Roth Capital boosted their target price on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Rosenblatt Securities boosted their target price on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. KeyCorp reaffirmed an "overweight" rating and issued a $113.00 price objective (up previously from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Finally, Mizuho downgraded Rubrik from an "outperform" rating to a "neutral" rating and upped their price objective for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

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.