Rubrik, Inc. $RBRK Shares Sold by Diker Management LLC

Diker Management LLC reduced its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 58.3% during the 4th quarter, HoldingsChannel reports. The firm owned 10,000 shares of the company’s stock after selling 14,000 shares during the quarter. Rubrik comprises 0.6% of Diker Management LLC’s investment portfolio, making the stock its 24th biggest position. Diker Management LLC’s holdings in Rubrik were worth $765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RBRK. Vanguard Group Inc. raised its position in shares of Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after buying an additional 1,678,255 shares during the period. First Trust Advisors LP raised its position in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after buying an additional 2,116,272 shares during the period. Norges Bank purchased a new stake in shares of Rubrik during the 4th quarter valued at approximately $345,907,000. Geode Capital Management LLC raised its position in shares of Rubrik by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock valued at $193,433,000 after buying an additional 178,714 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Rubrik by 0.5% during the 4th quarter. Federated Hermes Inc. now owns 2,449,646 shares of the company’s stock valued at $187,349,000 after buying an additional 11,878 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and set a $91.00 price target on shares of Rubrik in a research report on Thursday, June 11th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Oppenheimer lifted their price target on shares of Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $95.00 price target (up from $85.00) on shares of Rubrik in a research report on Thursday, June 11th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average target price of $93.00.

Rubrik Trading Down 0.8%

Rubrik stock opened at $69.22 on Wednesday. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $99.75. The stock’s fifty day simple moving average is $61.87 and its 200-day simple moving average is $62.67. The firm has a market capitalization of $14.25 billion, a P/E ratio of -47.74 and a beta of 1.09.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the prior year, the company posted ($0.15) EPS. 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 predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Wendell Thompson sold 2,500 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.51, for a total transaction of $211,275.00. Following the sale, the director owned 15,000 shares of the company’s stock, valued at approximately $1,267,650. This represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $80.73, for a total value of $58,206.33. Following the sale, the director directly owned 2,326 shares in the company, valued at $187,777.98. This represents a 23.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 398,939 shares of company stock worth $27,628,167 over the last ninety days. Insiders own 13.66% of the company’s stock.

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).