Odyssean LLC Has $1.27 Million Stake in Rubrik, Inc. $RBRK

Odyssean LLC increased its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 85.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 15,782 shares of the company’s stock after acquiring an additional 7,272 shares during the quarter. Odyssean LLC’s holdings in Rubrik were worth $1,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Essential Partners LLC raised its position in Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Triumph Capital Management bought a new position in Rubrik in the 4th quarter valued at $33,000. Banque Cantonale Vaudoise bought a new position in Rubrik in the 3rd quarter valued at $34,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Rubrik in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 10,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was 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 directly owned 978,073 shares of the company’s stock, valued at $96,164,137.36. This represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $84.28, for a total value of $16,809,393.16. Following the completion of the sale, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 327,682 shares of company stock valued at $27,385,376. 13.66% of the stock is currently owned by company insiders.

Rubrik Stock Performance

Shares of Rubrik stock opened at $92.73 on Wednesday. The firm has a fifty day moving average of $83.20 and a two-hundred day moving average of $66.51. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of -63.95 and a beta of 1.17. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $106.50.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, research analysts forecast that Rubrik, Inc. will post -1.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of recent research reports. Stephens restated an “overweight” rating and set a $90.00 target price on shares of Rubrik in a research report on Monday, June 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a report on Wednesday, August 19th. Cantor Fitzgerald lifted their price objective on Rubrik from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Mizuho boosted their price objective on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, Citigroup upped their target price on shares of Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and a consensus target price of $103.96.

Rubrik Company 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).