Alta Park Capital LP Trims Position in Rubrik, Inc. $RBRK

by · The Cerbat Gem

Alta Park Capital LP lessened its position in shares of Rubrik, Inc. (NYSE:RBRK – Free Report) by 28.0% in the fourth quarter, Holdings Channel reports. The fund owned 247,762 shares of the company’s stock after selling 96,372 shares during the quarter. Rubrik comprises 2.3% of Alta Park Capital LP’s investment portfolio, making the stock its 22nd biggest holding. Alta Park Capital LP’s holdings in Rubrik were worth $18,949,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RBRK. Norges Bank bought a new stake in Rubrik during the fourth quarter valued at about $345,907,000. ARK Investment Management LLC grew its holdings in Rubrik by 21.1% during the third quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock valued at $26,247,000 after purchasing an additional 55,500 shares during the period. Legal & General Group Plc grew its holdings in Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after purchasing an additional 151,234 shares during the period. Citigroup Inc. grew its holdings in Rubrik by 210.2% during the third quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock valued at $8,557,000 after purchasing an additional 70,504 shares during the period. Finally, LGT Fund Management Co Ltd. bought a new stake in Rubrik during the third quarter valued at about $3,421,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $69.24 on Thursday. The business’s 50 day moving average price is $62.24 and its 200-day moving average price is $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 cap of $14.25 billion, a price-to-earnings ratio of -47.75 and a beta of 1.10.

Rubrik (NYSE:RBRK – Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business 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 company posted ($0.15) earnings per share. The company’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. Sell-side analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RBRK shares. Barclays upped their price objective on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $91.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Friday, March 27th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Monday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Monday, June 1st. Twenty-eight 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 price target of $93.00.

View Our Latest Research Report on RBRK

Insider Activity at Rubrik

In other news, Director Mark D. Mclaughlin acquired 10,638 shares of Rubrik stock in a transaction on Monday, March 30th. The shares were bought 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 of the company’s stock, valued at $643,897.19. This trade represents a 354.48% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction 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 transaction, the director owned 4,653 shares in the company, valued at $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. Insiders sold a total of 398,939 shares of company stock worth $27,628,167 over the last three months. Corporate insiders own 13.66% of the company’s stock.

Rubrik Profile

(Free Report)

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).

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