Banque Cantonale Vaudoise Acquires 46,326 Shares of Rubrik, Inc. $RBRK

Banque Cantonale Vaudoise lifted its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 11,299.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,736 shares of the company’s stock after purchasing an additional 46,326 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Rubrik were worth $2,289,000 as of its most recent SEC filing.

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

Rubrik Stock Down 4.6%

Shares of NYSE RBRK opened at $71.09 on Friday. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75. The company has a market cap of $14.63 billion, a P/E ratio of -49.03 and a beta of 1.10. The business’s 50 day moving average is $65.02 and its two-hundred day moving average is $62.64.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data 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 business had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same period in the prior year, the company posted ($0.15) earnings per share. 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 expect that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total value of $1,033,800.00. Following the sale, the chief financial officer directly owned 549,901 shares in the company, valued at $28,424,382.69. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total transaction of $1,053,291.20. Following the completion of the sale, the chief technology officer owned 314,048 shares in the company, valued at $25,802,183.68. This represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 277,002 shares of company stock valued at $21,768,921 in the last quarter. Company insiders own 13.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RBRK. BMO Capital Markets upped their target price on Rubrik from $73.00 to $87.00 and gave the stock an “outperform” rating 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. Scotiabank restated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. KeyCorp upped their price objective on shares of Rubrik from $70.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $90.00 target price on shares of Rubrik in a research note on Thursday, June 11th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

About Rubrik

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).