BNP Paribas Financial Markets Buys 586,088 Shares of Rubrik, Inc. $RBRK

Key Points

• BNP Paribas Financial Markets increased its stake in Rubrik, Inc. by 186.8%, owning 899,853 shares valued at approximately $54.87 million as of the latest SEC filing.
• According to recent analyst reports, Rubrik has received multiple target price upgrades, with recommendations from firms like Truist Financial and KeyCorp ranging from $110.00 to $113.00.
• Rubrik's recent earnings report showed a 48.7% year-over-year revenue increase, with actual earnings of ($0.15) per share beating analysts' expectations of ($0.32).

BNP Paribas Financial Markets increased its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 186.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 899,853 shares of the company's stock after purchasing an additional 586,088 shares during the period. BNP Paribas Financial Markets owned approximately 0.47% of Rubrik worth $54,873,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Voloridge Investment Management LLC bought a new position in shares of Rubrik in the 4th quarter valued at $85,331,000. Bank of America Corp DE increased its position in shares of Rubrik by 1,305.1% during the fourth 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 during the period. Teacher Retirement System of Texas acquired a new stake in shares of Rubrik during the first quarter worth $52,092,000. Two Sigma Investments LP increased its position in shares of Rubrik by 4,440.9% during the fourth quarter. Two Sigma Investments LP now owns 649,349 shares of the company's stock worth $42,441,000 after buying an additional 635,049 shares during the period. Finally, Vanguard Group Inc. grew its stake in Rubrik by 9.7% during the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock worth $423,512,000 after purchasing an additional 616,917 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Stock Performance

NYSE:RBRK traded down $0.21 on Wednesday, hitting $87.69. The stock had a trading volume of 1,755,755 shares, compared to its average volume of 2,967,140. The firm's fifty day simple moving average is $87.87 and its two-hundred day simple moving average is $78.72. The stock has a market cap of $16.97 billion, a P/E ratio of -30.98 and a beta of 0.43. 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 (EPS) 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 the consensus estimate of $260.39 million. The company's revenue was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Equities research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group reiterated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. KeyCorp reaffirmed an "overweight" rating and issued a $113.00 price target (up from $98.00) on shares of Rubrik in a research note on Friday, June 6th. Oppenheimer reissued a "market perform" rating on shares of Rubrik 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. Finally, Truist Financial upped their price target on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock 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 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 sale, the director directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, CTO Arvind Nithrakashyap sold 43,128 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $88.56, for a total value of $3,819,415.68. Following the transaction, the chief technology officer directly owned 38,122 shares of the company's stock, valued at $3,376,084.32. The trade was a 53.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 976,554 shares of company stock worth $89,170,211. 32.38% of the stock is currently owned by insiders.

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.