HarbourVest Partners LLC Takes Position in Rubrik, Inc. $RBRK

HarbourVest Partners LLC purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 90,271 shares of the company’s stock, valued at approximately $6,904,000. Rubrik accounts for about 4.0% of HarbourVest Partners LLC’s investment portfolio, making the stock its 4th biggest position.

Several other hedge funds also recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Rubrik by 57.5% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 6,300 shares of the company’s stock valued at $482,000 after purchasing an additional 2,300 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Rubrik by 51.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 14,273 shares of the company’s stock valued at $1,092,000 after purchasing an additional 4,873 shares during the period. MML Investors Services LLC increased its position in shares of Rubrik by 12.4% during the 4th quarter. MML Investors Services LLC now owns 5,406 shares of the company’s stock valued at $413,000 after purchasing an additional 596 shares during the period. Mariner LLC increased its position in shares of Rubrik by 138.6% during the 4th quarter. Mariner LLC now owns 31,257 shares of the company’s stock valued at $2,394,000 after purchasing an additional 18,158 shares during the period. Finally, Fieldview Capital Management LLC increased its position in shares of Rubrik by 575.8% during the 4th quarter. Fieldview Capital Management LLC now owns 46,145 shares of the company’s stock valued at $3,529,000 after purchasing an additional 39,317 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Down 0.8%

Shares of Rubrik stock opened at $69.22 on Wednesday. The stock has a market cap of $14.25 billion, a PE ratio of -47.74 and a beta of 1.09. The business has a fifty day simple moving average of $61.87 and a 200-day simple moving average of $62.67. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 4th. The company reported $0.16 EPS 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 analyst estimates of $366.31 million. The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period last year, the business 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. Analysts expect that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Insider Transactions at Rubrik

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total transaction of $1,053,291.20. Following the completion of the sale, the chief technology officer directly owned 314,048 shares in the company, valued at approximately $25,802,183.68. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total value of $1,033,800.00. Following the sale, the chief financial officer owned 549,901 shares of the company’s stock, valued at approximately $28,424,382.69. This represents a 3.51% 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 have sold a total of 398,939 shares of company stock valued at $27,628,167 in the last three months. 13.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RBRK. Jefferies Financial Group set a $90.00 price target on Rubrik in a research report on Friday, June 5th. BTIG Research reiterated a “buy” rating and issued a $91.00 price target on shares of Rubrik in a research report on Thursday, June 11th. Oppenheimer lifted their price target on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Wolfe Research reissued an “outperform” rating and issued a $95.00 price target on shares of Rubrik in a research note on Friday, June 5th. Finally, DA Davidson reissued a “buy” rating and issued a $90.00 price target (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. Twenty-eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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).