StepStone Group LP Takes $3.28 Million Position in Rubrik, Inc. $RBRK

Key Points

• StepStone Group LP has acquired 53,838 shares of Rubrik, Inc., valued at approximately $3.28 million, making it the company's 6th largest holding.
• Multiple institutional investors, including Voloridge Investment Management and Bank of America, have significantly increased their stakes in Rubrik, indicating strong investor interest.
• Analysts have expressed positive sentiment on Rubrik's stock, with BMO Capital Markets raising the target price to $110 and a consensus average target price of $100.38 among fifteen analysts.

StepStone Group LP acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 53,838 shares of the company's stock, valued at approximately $3,283,000. Rubrik accounts for approximately 3.4% of StepStone Group LP's holdings, making the stock its 6th largest holding.

Several other institutional investors also recently made changes to their positions in RBRK. Voloridge Investment Management LLC purchased a new stake in shares of Rubrik during the 4th quarter valued at $85,331,000. Bank of America Corp DE grew its stake in shares of Rubrik by 1,305.1% during the 4th quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock valued at $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 during the 1st quarter valued at $52,092,000. Two Sigma Investments LP lifted its holdings in shares of Rubrik by 4,440.9% during the 4th quarter. Two Sigma Investments LP now owns 649,349 shares of the company's stock valued at $42,441,000 after acquiring an additional 635,049 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Rubrik by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock valued at $423,512,000 after acquiring an additional 616,917 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on RBRK. BMO Capital Markets restated 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. Oppenheimer restated a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. UBS Group restated a "buy" rating on shares of Rubrik in a report on Friday, June 6th. CIBC boosted their price objective on shares of Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a report on Monday, June 9th. Finally, Roth Capital boosted their price objective on shares of Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $100.38.

Insiders Place Their Bets

In other news, Director Ravi Mhatre sold 16,984 shares of the company's stock in a transaction dated 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 sale, the director owned 81,842 shares in the company, valued at approximately $7,322,403.74. This represents a 17.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Brian K. Mccarthy sold 12,500 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $87.29, for a total transaction of $1,091,125.00. Following the completion of the sale, the executive owned 418,552 shares in the company, valued at approximately $36,535,404.08. This trade represents a 2.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,048,547 shares of company stock worth $96,252,999. Company insiders own 32.38% of the company's stock.

Rubrik Stock Performance

Shares of Rubrik stock opened at $88.6780 on Friday. The firm has a market cap of $17.16 billion, a PE ratio of -31.33 and a beta of 0.45. The firm's 50-day simple moving average is $87.88 and its 200-day simple moving average is $78.11. 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 issued its earnings results 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 company had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. The business's revenue for the quarter was up 48.7% compared to the same quarter last year. During the same quarter last year, the company 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, equities analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Rubrik 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.

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