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

Alkeon Capital Management LLC cut its holdings in Rubrik, Inc. (NYSE:RBRK) by 14.3% during the fourth quarter, HoldingsChannel reports. The fund owned 600,000 shares of the company’s stock after selling 100,000 shares during the period. Alkeon Capital Management LLC’s holdings in Rubrik were worth $45,888,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Rubrik by 57.5% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 6,300 shares of the company’s stock valued at $482,000 after acquiring an additional 2,300 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in Rubrik by 51.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 14,273 shares of the company’s stock valued at $1,092,000 after acquiring an additional 4,873 shares during the last quarter. MML Investors Services LLC lifted its holdings in Rubrik by 12.4% in the fourth quarter. MML Investors Services LLC now owns 5,406 shares of the company’s stock valued at $413,000 after acquiring an additional 596 shares during the last quarter. Mariner LLC lifted its holdings in Rubrik by 138.6% in the fourth quarter. Mariner LLC now owns 31,257 shares of the company’s stock valued at $2,394,000 after acquiring an additional 18,158 shares during the last quarter. Finally, Fieldview Capital Management LLC lifted its holdings in Rubrik by 575.8% in the fourth quarter. Fieldview Capital Management LLC now owns 46,145 shares of the company’s stock valued at $3,529,000 after acquiring an additional 39,317 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RBRK shares. Wolfe Research reiterated an “outperform” rating and issued a $95.00 price objective on shares of Rubrik in a report on Friday, June 5th. Citigroup upped their price target on Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. BTIG Research restated a “buy” rating and set a $91.00 price target on shares of Rubrik in a research note on Thursday, June 11th. Jefferies Financial Group set a $90.00 price target on Rubrik in a research note on Friday, June 5th. Finally, Barclays upped their price target on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Rubrik Trading Up 2.4%

Rubrik stock opened at $69.83 on Tuesday. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $99.75. The stock’s fifty day simple moving average is $61.52 and its 200-day simple moving average is $62.66. The firm has a market capitalization of $14.37 billion, a P/E ratio of -48.16 and a beta of 1.09.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the prior year, the company posted ($0.15) EPS. The firm’s revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Sell-side analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Insider Transactions at Rubrik

In related news, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.55, for a total value of $930,050.00. Following the transaction, the director owned 4,653 shares of the company’s stock, valued at $393,411.15. This represents a 70.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark D. Mclaughlin bought 10,638 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The stock was acquired at an average cost of $47.21 per share, for a total transaction of $502,219.98. Following the acquisition, the director directly owned 13,639 shares of the company’s stock, valued at $643,897.19. The trade was a 354.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 398,939 shares of company stock valued at $27,628,167 over the last ninety days. Company insiders own 13.66% of the company’s stock.

Rubrik Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).