Rubrik, Inc. $RBRK Stake Lessened by Champlain Investment Partners LLC

Key Points

• Champlain Investment Partners LLC has reduced its stake in Rubrik, Inc. by 1.6%, now owning approximately 603,740 shares valued at about $36.8 million.
• Analysts have generally positive outlooks on Rubrik, with multiple firms raising their price targets, including CIBC increasing its target from $110.00 to $125.00.
• Rubrik reported a 48.7% year-over-year revenue increase for the quarter, totaling $278.48 million, while surpassing earnings estimates with a loss of $0.15 per share.

Champlain Investment Partners LLC reduced its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 603,740 shares of the company's stock after selling 9,714 shares during the period. Champlain Investment Partners LLC owned about 0.32% of Rubrik worth $36,816,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Voloridge Investment Management LLC purchased a new position in Rubrik during the fourth quarter valued at approximately $85,331,000. Bank of America Corp DE raised its holdings in shares of Rubrik by 1,305.1% in 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 purchased a new stake in shares of Rubrik in the 1st quarter worth $52,092,000. Two Sigma Investments LP raised its stake in Rubrik by 4,440.9% in 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 in the last quarter. Finally, Vanguard Group Inc. lifted its holdings 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 buying an additional 616,917 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 target price (up previously from $77.00) on shares of Rubrik in a report on Friday, June 6th. Guggenheim upped their target price on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Wells Fargo & Company raised their price target on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Rubrik Price Performance

RBRK traded down $3.49 during trading on Monday, reaching $89.54. 2,117,890 shares of the stock were exchanged, compared to its average volume of 2,380,654. The business's 50 day moving average price is $87.92 and its two-hundred day moving average price is $78.57. The company has a market capitalization 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 released its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. The business's quarterly revenue was up 48.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.58) EPS. 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 anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Activity at Rubrik

In other news, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $82.93, for a total value of $290,255.00. Following the completion of the sale, the chief financial officer owned 517,095 shares of the company's stock, valued at $42,882,688.35. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravi Mhatre sold 16,984 shares of the company's stock in a transaction on 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 transaction, the director owned 81,842 shares of the company's stock, valued at $7,322,403.74. This trade represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,011,038 shares of company stock worth $92,581,215. 32.38% of the stock is owned by corporate 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.