Deepwater Asset Management LLC Has $12.52 Million Position in Rubrik, Inc. $RBRK

Deepwater Asset Management LLC lifted its position in shares of Rubrik, Inc. (NYSE:RBRK) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,700 shares of the company’s stock after acquiring an additional 11,603 shares during the period. Rubrik makes up approximately 3.6% of Deepwater Asset Management LLC’s portfolio, making the stock its 10th largest position. Deepwater Asset Management LLC owned approximately 0.08% of Rubrik worth $12,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Rubrik during the fourth quarter valued at $345,907,000. ARK Investment Management LLC boosted its position in shares of Rubrik by 21.1% during the third quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock valued at $26,247,000 after buying an additional 55,500 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after buying an additional 151,234 shares during the last quarter. Citigroup Inc. boosted its position in shares of Rubrik by 210.2% during the third quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock valued at $8,557,000 after buying an additional 70,504 shares during the last quarter. Finally, S&CO Inc. boosted its position in shares of Rubrik by 102.8% during the third quarter. S&CO Inc. now owns 53,612 shares of the company’s stock valued at $4,409,000 after buying an additional 27,179 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Insider Activity

In other 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 transaction of $930,050.00. Following the transaction, the director directly owned 4,653 shares of the company’s stock, valued at $393,411.15. This represents a 70.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark D. Mclaughlin purchased 10,638 shares of the stock in a transaction dated Monday, March 30th. The shares were purchased at an average cost of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the acquisition, the director directly owned 13,639 shares in the company, valued at approximately $643,897.19. This trade represents a 354.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 398,939 shares of company stock worth $27,628,167. Insiders own 13.66% of the company’s stock.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik beat first-quarter estimates with $0.16 EPS versus expectations for a loss, while revenue rose 39% to $387.1 million, reinforcing the company’s growth story in cybersecurity and AI-driven cyber resilience. Rubrik Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised full-year and Q2 guidance, signaling management sees continued demand and improving profitability ahead. Rubrik beats Q1 estimates, raises full-year guidance as cyber resilience demand rises
• Positive Sentiment: Multiple analysts lifted price targets, including CIBC, BMO, DA Davidson, and Oppenheimer, suggesting Wall Street remains constructive after the results. Analyst price target updates
• Positive Sentiment: Unusual call-option activity points to speculation that traders expect more upside after the earnings beat and guidance raise. Unusual options trading in Rubrik
• Neutral Sentiment: Commentary around Rubrik’s AI-enabled security platform and its access to Anthropic’s Mythos preview reinforces the long-term growth narrative, but this is more strategic than an immediate earnings driver. Rubrik is countering AI threats with ‘AI speed’ recoveries: CEO
• Neutral Sentiment: Shareholder approval of the board, auditor, and pay practices removes governance uncertainty, but it is unlikely to materially affect the stock by itself. Rubrik Shareholders Endorse Board, Auditor and Pay Practices
• Negative Sentiment: The stock has been volatile because investors appear to be questioning whether the earnings beat was strong enough to justify the recent run-up in the share price. Is It Time To Reconsider Rubrik (RBRK) After Recent Volatile Share Price Swings?
• Negative Sentiment: Several insider sales, including large disposals by CTO Arvind Nithrakashyap and Director John Wendell Thompson, may be pressuring sentiment even though the trades were pre-planned. SEC filing for insider sales
• Negative Sentiment: Some market commentary said the quarter was solid but not “explosive” enough for a stock that had already rallied sharply, helping explain why shares slipped after earnings. Rubrik posts respectable Q1, not as explosive as needed

Rubrik Price Performance

NYSE RBRK opened at $73.15 on Monday. The business’s fifty day moving average price is $58.79 and its 200-day moving average price is $62.56. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of -50.45 and a beta of 1.10. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. Rubrik’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities research analysts anticipate that Rubrik, Inc. will post -1.45 EPS for the current year.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several recent analyst reports. Truist Financial reaffirmed a “buy” rating and set a $90.00 price objective (up from $80.00) on shares of Rubrik in a research report on Friday. Cantor Fitzgerald increased their price objective on Rubrik from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Mizuho increased their price objective on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday. BTIG Research increased their price objective on Rubrik from $76.00 to $91.00 and gave the company a “buy” rating in a research report on Friday. Finally, KeyCorp boosted their target price on shares of Rubrik from $70.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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).