SummitTX Capital L.P. Invests $441,000 in Rubrik, Inc. $RBRK

SummitTX Capital L.P. bought a new position in Rubrik, Inc. (NYSE:RBRK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,002 shares of the company’s stock, valued at approximately $441,000.

A number of other institutional investors have also modified their holdings of RBRK. Pictet Asset Management Holding SA raised its stake in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after buying an additional 1,696,342 shares in the last quarter. Norges Bank bought a new position in Rubrik during the 4th quarter worth approximately $345,907,000. Legal & General Group Plc grew its position 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 worth $145,680,000 after acquiring an additional 151,234 shares in the last quarter. Stephens Investment Management Group LLC grew its position in shares of Rubrik by 47.4% in 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 increased its holdings in shares of Rubrik by 79.9% in the 4th quarter. US Bancorp DE now owns 96,273 shares of the company’s stock valued at $7,363,000 after acquiring an additional 42,755 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Trading Up 1.0%

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. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The stock’s 50 day simple moving average is $75.93 and its 200 day simple moving average is $62.80.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($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 analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RBRK shares. Oppenheimer upped their price target on Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. Wolfe Research reiterated an “outperform” rating and set a $95.00 target price on shares of Rubrik in a research note on Friday, June 5th. Barclays increased their target price on shares of Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Finally, Guggenheim restated a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight equities 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, Rubrik has a consensus rating of “Moderate Buy” and a consensus price target of $93.96.

Insider Buying and Selling

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $84.58, for a total transaction of $1,084,315.60. Following the completion of the transaction, the chief technology officer owned 303,611 shares of the company’s stock, valued at approximately $25,679,418.38. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $83.10, for a total transaction of $330,654.90. Following the transaction, the director directly owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. This trade represents a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 277,821 shares of company stock valued at $23,325,371. 13.66% of the stock is owned by corporate 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).