Rubrik, Inc. $RBRK Shares Sold by Evolutionary Tree Capital Management LLC

Evolutionary Tree Capital Management LLC lowered its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 26.3% in the first quarter, HoldingsChannel.com reports. The firm owned 24,740 shares of the company’s stock after selling 8,832 shares during the period. Rubrik accounts for approximately 2.3% of Evolutionary Tree Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Evolutionary Tree Capital Management LLC’s holdings in Rubrik were worth $1,212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA boosted its position in shares of Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after buying an additional 1,696,342 shares during the period. Norges Bank purchased a new stake in shares of Rubrik in the 4th quarter valued at $345,907,000. Legal & General Group Plc raised its holdings in shares of Rubrik by 8.6% in the 4th 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 period. Stephens Investment Management Group LLC lifted its stake in Rubrik by 47.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock worth $45,571,000 after acquiring an additional 191,738 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Rubrik by 79.9% during the 4th quarter. US Bancorp DE now owns 96,273 shares of the company’s stock worth $7,363,000 after acquiring an additional 42,755 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

Shares of NYSE RBRK opened at $72.31 on Friday. The company has a market cap of $14.88 billion, a price-to-earnings ratio of -49.87 and a beta of 1.10. The stock’s 50-day moving average is $75.93 and its two-hundred day moving average is $62.80. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75.

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

Analyst Ratings Changes

Several equities analysts have weighed in on RBRK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Truist Financial reissued a “buy” rating and set a $90.00 price target (up from $80.00) on shares of Rubrik in a research report on Friday, June 5th. Mizuho raised their price objective on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. BMO Capital Markets raised their price objective on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $90.00 target price (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and a consensus target price of $93.96.

Insider Activity

In related news, Director John Wendell Thompson sold 2,500 shares of Rubrik stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $82.75, for a total value of $206,875.00. Following the completion of the transaction, the director owned 12,500 shares in the company, valued at $1,034,375. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97. Following the transaction, the director owned 4,638 shares of the company’s stock, valued at $378,321.66. This trade represents a 13.45% decrease in their position. 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 277,821 shares of company stock worth $23,325,371 in the last ninety days. 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).