Odyssean LLC Acquires 7,272 Shares of Rubrik, Inc. $RBRK

Odyssean LLC grew its holdings in Rubrik, Inc. (NYSE:RBRK) by 85.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,782 shares of the company’s stock after acquiring an additional 7,272 shares during the quarter. Odyssean LLC’s holdings in Rubrik were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 150 shares during the period. Atlantic Union Bankshares Corp lifted its position in shares of 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 acquiring an additional 200 shares during the period. Creative Planning lifted its position in shares of Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after acquiring an additional 236 shares during the period. Moors & Cabot Inc. grew its holdings in shares of Rubrik by 9.2% during the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock worth $255,000 after purchasing an additional 282 shares in the last quarter. Finally, Essential Partners LLC grew its holdings in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of recent research reports. Guggenheim restated a “buy” rating on shares of Rubrik in a research note on Monday. Piper Sandler reiterated 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. KeyCorp boosted their price target on shares of Rubrik from $100.00 to $112.00 and gave the company an “overweight” rating in a report on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $90.00 price target on shares of Rubrik in a report on Monday, June 1st. Finally, Wells Fargo & Company increased their price objective on shares of Rubrik from $90.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and a consensus price target of $103.96.

Rubrik Stock Down 5.4%

NYSE:RBRK opened at $92.73 on Wednesday. The firm has a market cap of $19.09 billion, a PE ratio of -63.95 and a beta of 1.17. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $106.50. The company’s 50-day moving average price is $83.20 and its two-hundred day moving average price is $66.51.

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 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. The business’s quarterly revenue 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. On average, research analysts expect that Rubrik, Inc. will post -1.13 EPS for the current fiscal year.

Insider Activity

In other Rubrik news, CFO Kiran Kumar Choudary sold 10,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.32, for a total value of $983,200.00. Following the transaction, the chief financial officer owned 978,073 shares of the company’s stock, valued at approximately $96,164,137.36. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $74.11, for a total value of $185,275.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $741,100. This represents a 20.00% 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. Over the last three months, insiders sold 327,682 shares of company stock worth $27,385,376. 13.66% of the stock is currently owned by insiders.

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).