PDT Partners LLC Has $4.76 Million Stock Position in Rubrik, Inc. $RBRK

Key Points

• PDT Partners LLC increased its stake in Rubrik, Inc. by 40.7% during Q1, acquiring an additional 22,573 shares, bringing its total holdings to 78,089 shares valued at approximately $4.76 million.
• Insider trading activity included CFO Kiran Kumar Choudary selling 30,000 shares, representing a 5.44% decrease in his holdings, while director Ravi Mhatre sold 16,984 shares, reflecting a 17.19% decrease in his stake.
• Rubrik's Q1 earnings beat analysts' expectations, reporting a loss of ($0.15) EPS against a consensus estimate of ($0.32), with revenues rising 48.7% year-over-year to $278.48 million.

PDT Partners LLC boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 40.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,089 shares of the company's stock after acquiring an additional 22,573 shares during the quarter. PDT Partners LLC's holdings in Rubrik were worth $4,762,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RBRK. PNC Financial Services Group Inc. bought a new stake in Rubrik during the 1st quarter worth about $30,000. Summit Securities Group LLC bought a new stake in Rubrik during the 1st quarter worth about $31,000. Comerica Bank grew its holdings in Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after acquiring an additional 395 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Rubrik during the 4th quarter worth about $47,000. Finally, CoreCap Advisors LLC bought a new stake in Rubrik during the 4th quarter worth about $59,000. Institutional investors own 49.54% of the company's stock.

Rubrik Trading Down 0.2%

Shares of NYSE:RBRK traded down $0.21 during mid-day trading on Wednesday, reaching $87.69. The stock had a trading volume of 1,755,755 shares, compared to its average volume of 2,259,671. The firm has a market cap of $16.97 billion, a PE ratio of -30.98 and a beta of 0.43. The firm has a 50 day simple moving average of $87.81 and a two-hundred day simple moving average of $78.78. Rubrik, Inc. has a twelve month low of $29.18 and a twelve month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results 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 business's revenue was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($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, equities analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RBRK shares. Wedbush upped their target price on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Cantor Fitzgerald upped their target price on shares of Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Roth Capital upped 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. Rosenblatt Securities upped their target price on shares of Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Finally, Guggenheim upped their target price on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $100.38.

Insiders Place Their Bets

In related news, Director Yvonne Wassenaar sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total value of $176,420.00. Following the sale, the director directly owned 2,855 shares in the company, valued at $251,839.55. This trade represents a 41.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $87.29, for a total transaction of $786,395.61. Following the completion of the sale, the director owned 998 shares in the company, valued at $87,115.42. This represents a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 976,554 shares of company stock worth $89,170,211 over the last ninety days. Company insiders own 32.38% of the company's stock.

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.