Rubrik, Inc. $RBRK Shares Sold by Bienville Capital Management LLC

Key Points

• Bienville Capital Management cut its Rubrik stake by 74.4% in the second quarter, selling 350,704 shares and retaining 120,987 shares worth approximately $9.7 million. Institutional investors and hedge funds collectively own 49.54% of the company.
• Analyst sentiment remains strongly positive: 28 analysts rate Rubrik a Buy, one rates it a Sell, and the consensus rating is “Moderate Buy” with a $112.15 price target.
• Rubrik exceeded quarterly expectations, reporting $0.20 in adjusted EPS versus a $0.04 consensus estimate and revenue of $427.26 million, up 43.9% year over year. Shares opened at $88.85, compared with a 12-month range of $42.25 to $107.91.

Bienville Capital Management LLC reduced its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 74.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,987 shares of the company's stock after selling 350,704 shares during the period. Rubrik makes up approximately 1.3% of Bienville Capital Management LLC's portfolio, making the stock its 24th largest position. Bienville Capital Management LLC owned about 0.06% of Rubrik worth $9,713,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RBRK. Pictet Asset Management Holding SA boosted its stake in shares of Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after buying an additional 1,696,342 shares in the last quarter. Norges Bank acquired a new stake in Rubrik in the fourth quarter valued at $345,907,000. Legal & General Group Plc boosted its position in shares of Rubrik by 8.6% during the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company's stock worth $145,680,000 after purchasing an additional 151,234 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Rubrik by 11.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company's stock worth $22,514,000 after purchasing an additional 28,056 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in shares of Rubrik by 47.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company's stock worth $45,571,000 after purchasing an additional 191,738 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

RBRK has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of Rubrik from $90.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Piper Sandler upped their target price on shares of Rubrik from $91.00 to $114.00 and gave the stock an "overweight" rating in a research report on Friday, August 28th. Rosenblatt Securities lifted their price target on shares of Rubrik from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. BMO Capital Markets boosted their price target on Rubrik from $98.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, August 28th. Finally, Scotiabank restated an "outperform" rating on shares of Rubrik in a report on Tuesday, August 25th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.15.

Rubrik Price Performance

Shares of NYSE RBRK opened at $88.85 on Thursday. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $107.91. The company has a market capitalization of $18.29 billion, a PE ratio of -70.52 and a beta of 1.24. The firm's 50-day moving average is $87.50 and its two-hundred day moving average is $69.59.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analysts' expectations of $396.30 million. During the same period last year, the business earned ($0.03) earnings per share. The company's revenue for the quarter was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, analysts forecast that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John Thompson sold 11,000 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $74.10, for a total value of $815,100.00. Following the completion of the transaction, the director directly owned 8,362 shares of the company's stock, valued at $619,624.20. The trade was a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 10,000 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.32, for a total value of $983,200.00. Following the completion of the sale, the chief financial officer owned 978,073 shares in the company, valued at $96,164,137.36. This represents a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 112,577 shares of company stock worth $9,376,785. 13.66% of the stock is currently owned by corporate insiders.

Rubrik Profile

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company's principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.

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