Readystate Asset Management LP Invests $1.12 Million in Rubrik, Inc. $RBRK

Readystate Asset Management LP purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,844 shares of the company’s stock, valued at approximately $1,119,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RBRK. Comerica Bank increased its holdings in Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares during the last quarter. Royal Bank of Canada raised its position in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after purchasing an additional 20,471 shares during the period. NewEdge Advisors LLC boosted its stake in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after buying an additional 300 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares during the period. Finally, Rhumbline Advisers raised its holdings 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 buying an additional 2,000 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Performance

RBRK opened at $72.02 on Thursday. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75. The business’s 50 day moving average price is $75.68 and its 200 day moving average price is $62.73. The stock has a market capitalization of $14.82 billion, a PE ratio of -49.67 and a beta of 1.10.

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. The business’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, equities research analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RBRK shares. Stephens restated an “overweight” rating and issued a $90.00 target price on shares of Rubrik in a research note on Monday, June 15th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Piper Sandler restated 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. Guggenheim reissued a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $95.00 price target on shares of Rubrik in a report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average price target of $93.96.

Insider Activity

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the sale, the director directly owned 4,653 shares in the company, valued at $258,148.44. This trade represents a 70.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 2,838 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $75.00, for a total transaction of $212,850.00. Following the sale, the director owned 2,326 shares of the company’s stock, valued at $174,450. This represents a 54.96% 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. In the last three months, insiders have sold 291,321 shares of company stock worth $24,074,426. 13.66% of the stock is currently owned by company insiders.

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).