SummitTX Capital L.P. Purchases Shares of 9,002 Rubrik, Inc. $RBRK

SummitTX Capital L.P. purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 9,002 shares of the company’s stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Atlantic Union Bankshares Corp grew its holdings in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Triumph Capital Management acquired a new stake in Rubrik in the 4th quarter valued at approximately $33,000. Banque Cantonale Vaudoise bought a new stake in Rubrik during the 3rd quarter valued at $34,000. Los Angeles Capital Management LLC bought a new stake in Rubrik during the 4th quarter valued at $35,000. Finally, Comerica Bank boosted its position in Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after acquiring an additional 395 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rubrik

In related news, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71. Following the completion of the transaction, the director owned 113,477 shares of the company’s stock, valued at $8,112,470.73. This trade represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 199,447 shares of Rubrik stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16. Following the transaction, the chief technology officer directly owned 314,048 shares in the company, valued at approximately $26,467,965.44. The trade was a 38.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 277,821 shares of company stock worth $23,325,371. Corporate insiders own 13.66% of the company’s stock.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $72.31 on Friday. The stock has a fifty day moving average price of $75.93 and a two-hundred day moving average price of $62.80. The firm has a market cap of $14.88 billion, a P/E ratio of -49.87 and a beta of 1.10. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. During the same quarter last year, the business posted ($0.15) earnings per share. The firm’s revenue for the quarter 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. On average, research analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RBRK shares. BTIG Research reissued a “buy” rating and issued a $91.00 price target on shares of Rubrik in a research note on Thursday, June 11th. UBS Group restated a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a report on Monday, June 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Finally, Scotiabank reiterated an “outperform” rating 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.96.

Rubrik Profile

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).