Melqart Asset Management UK Ltd Has $6.42 Million Stake in Rubrik, Inc. $RBRK

Melqart Asset Management UK Ltd decreased its holdings in Rubrik, Inc. (NYSE:RBRK) by 59.0% in the 4th quarter, HoldingsChannel reports. The firm owned 83,931 shares of the company’s stock after selling 120,840 shares during the quarter. Melqart Asset Management UK Ltd’s holdings in Rubrik were worth $6,419,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Comerica Bank raised its holdings in shares of Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after buying an additional 395 shares during the last quarter. Royal Bank of Canada grew its holdings in Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after acquiring an additional 20,471 shares during the last quarter. NewEdge Advisors LLC increased its position in 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 first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after acquiring an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Rubrik by 204.1% in the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

RBRK opened at $69.22 on Wednesday. The company has a fifty day moving average price of $61.87 and a two-hundred day moving average price of $62.67. The firm has a market capitalization of $14.25 billion, a PE ratio of -47.74 and a beta of 1.09. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned ($0.15) earnings per share. The firm’s revenue for the quarter 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. Equities analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $91.00 price target (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Oppenheimer upped their price objective on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $95.00 price objective (up from $85.00) on shares of Rubrik in a research report on Thursday, June 11th. Wells Fargo & Company lowered their target price 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, Wolfe Research restated an “outperform” rating and set a $95.00 target price on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Insider Transactions at Rubrik

In related news, Director Mark D. Mclaughlin purchased 10,638 shares of the stock in a transaction dated Monday, March 30th. The stock was bought at an average cost of $47.21 per share, with a total value of $502,219.98. Following the purchase, the director directly owned 13,639 shares in the company, valued at $643,897.19. The trade was a 354.48% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the sale, the chief technology officer owned 314,048 shares in the company, valued at $26,467,965.44. This represents a 38.84% 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. In the last ninety days, insiders have sold 398,939 shares of company stock valued at $27,628,167. Corporate 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).