Diker Management LLC Trims Stock Position in Rubrik, Inc. $RBRK

Diker Management LLC lowered its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 58.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,000 shares of the company’s stock after selling 14,000 shares during the period. Rubrik comprises about 0.6% of Diker Management LLC’s portfolio, making the stock its 24th largest holding. Diker Management LLC’s holdings in Rubrik were worth $765,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RBRK. Comerica Bank raised its stake in shares of Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after buying an additional 395 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after buying an additional 20,471 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after buying an additional 300 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after buying an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RBRK. Robert W. Baird lifted their price objective on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. Guggenheim restated a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Mizuho raised their target price on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. BTIG Research restated a “buy” rating and set a $91.00 target price on shares of Rubrik in a research report on Thursday, June 11th. Finally, Jefferies Financial Group set a $90.00 target price on Rubrik in a research report on Friday, June 5th. Twenty-eight 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Insider Buying and Selling at Rubrik

In related news, Director Mark D. Mclaughlin bought 10,638 shares of the stock in a transaction dated Monday, March 30th. The shares were 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 in the company, valued at approximately $643,897.19. This trade represents a 354.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Wendell Thompson sold 11,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $393,411.15. This represents a 70.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 398,939 shares of company stock worth $27,628,167. 13.66% of the stock is owned by company insiders.

Rubrik Trading Down 0.8%

RBRK stock opened at $69.22 on Wednesday. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of -47.74 and a beta of 1.09. The business’s 50-day moving average is $61.87 and its 200 day moving average is $62.67.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data 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 firm had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. The company’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($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. As a group, equities analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

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).