Atreides Management LP Has $68.45 Million Stock Position in Rubrik, Inc. $RBRK

Atreides Management LP lifted its stake in Rubrik, Inc. (NYSE:RBRK) by 18.9% in the fourth quarter, HoldingsChannel reports. The firm owned 895,029 shares of the company’s stock after purchasing an additional 142,277 shares during the period. Rubrik accounts for 0.8% of Atreides Management LP’s holdings, making the stock its 25th biggest position. Atreides Management LP’s holdings in Rubrik were worth $68,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of RBRK. EverSource Wealth Advisors LLC boosted its position in shares of Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares during the period. Financial Life Planners purchased a new stake in Rubrik in the 3rd quarter worth about $31,000. Atlantic Union Bankshares Corp lifted its stake in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Triumph Capital Management purchased a new stake in Rubrik in the 4th quarter worth about $33,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Rubrik in the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RBRK shares. Jefferies Financial Group set a $90.00 price objective on Rubrik in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Truist Financial reissued a “buy” rating and issued a $90.00 price objective (up from $80.00) on shares of Rubrik in a research note on Friday, June 5th. Wells Fargo & Company reduced their price objective on Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, Guggenheim reissued a “buy” rating on shares of Rubrik in a research note on Friday, June 5th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Rubrik Price Performance

RBRK opened at $69.24 on Thursday. The business has a 50-day moving average of $62.24 and a 200-day moving average of $62.68. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The company has a market capitalization of $14.25 billion, a PE ratio of -47.75 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business posted ($0.15) earnings per share. The firm’s revenue 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. On average, equities research analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, CFO Kiran Kumar Choudary sold 122,613 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the sale, the chief financial officer owned 564,901 shares of the company’s stock, valued at $27,228,228.20. This trade represents a 17.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $84.55, for a total value of $930,050.00. Following the completion of the sale, the director directly owned 4,653 shares in the company, valued at $393,411.15. This trade represents a 70.27% decrease in their position. 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. Insiders sold 398,939 shares of company stock worth $27,628,167 in the last three months. 13.66% of the stock is owned by insiders.

Rubrik 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).