Renaissance Technologies LLC Reduces Stock Position in Rubrik, Inc. $RBRK

Renaissance Technologies LLC cut its holdings in Rubrik, Inc. (NYSE:RBRK) by 47.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,489 shares of the company’s stock after selling 345,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Rubrik were worth $18,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bollard Group LLC bought a new stake in shares of Rubrik during the 1st quarter valued at about $896,000. Gibbs Wealth Management bought a new position in Rubrik in the first quarter worth about $561,000. Alamar Capital Management LLC bought a new position in Rubrik in the first quarter worth about $1,424,000. Lido Advisors LLC lifted its holdings in Rubrik by 266.2% in the first quarter. Lido Advisors LLC now owns 7,570 shares of the company’s stock worth $371,000 after buying an additional 5,503 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Rubrik by 36.6% in the first quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock worth $4,262,000 after buying an additional 23,320 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 199,447 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16. Following the transaction, the chief technology officer owned 314,048 shares of the company’s stock, valued at $26,467,965.44. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71. Following the sale, the director owned 113,477 shares in the company, valued at approximately $8,112,470.73. The trade was a 3.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 277,821 shares of company stock worth $23,325,371 over the last quarter. Company insiders own 13.66% of the company’s stock.

Rubrik Trading Down 0.5%

RBRK stock opened at $71.52 on Friday. The stock’s 50 day simple moving average is $75.81 and its 200 day simple moving average is $62.73. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The stock has a market capitalization of $14.72 billion, a PE ratio of -49.32 and a beta of 1.10.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the previous year, the business posted ($0.15) earnings per share. Rubrik’s quarterly 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. On average, research analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on RBRK. Guggenheim restated a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Wolfe Research restated an “outperform” rating and set a $95.00 target price on shares of Rubrik in a report on Friday, June 5th. Stephens reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Rubrik in a research report on Monday, June 15th. Finally, BTIG Research reiterated a “buy” rating and issued a $91.00 price target on shares of Rubrik in a research note on Thursday, June 11th. Twenty-eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.96.

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).