Hudson Bay Capital Management LP Invests $35.66 Million in Rubrik, Inc. $RBRK

Hudson Bay Capital Management LP bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 398,000 shares of the company’s stock, valued at approximately $35,657,000. Hudson Bay Capital Management LP owned 0.21% of Rubrik as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. GGM Financials LLC purchased a new position in Rubrik in the second quarter valued at $8,108,000. Northern Trust Corp raised its holdings in Rubrik by 23.1% in the 1st quarter. Northern Trust Corp now owns 236,649 shares of the company’s stock worth $14,431,000 after purchasing an additional 44,373 shares during the period. Bessemer Group Inc. boosted its position in Rubrik by 17.7% during the second quarter. Bessemer Group Inc. now owns 194,911 shares of the company’s stock worth $17,462,000 after purchasing an additional 29,317 shares in the last quarter. Perpetual Ltd grew its holdings in Rubrik by 8,282.0% in the second quarter. Perpetual Ltd now owns 587,156 shares of the company’s stock valued at $52,603,000 after purchasing an additional 580,151 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Rubrik by 200.2% during the 1st quarter. Hsbc Holdings PLC now owns 87,358 shares of the company’s stock worth $5,317,000 after buying an additional 58,258 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RBRK shares. Roth Capital restated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Berenberg Bank started coverage on shares of Rubrik in a research report on Tuesday, November 18th. They set a “buy” rating and a $114.00 price target for the company. Wedbush reiterated an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a report on Friday, December 5th. Barclays increased their target price on Rubrik from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Finally, CIBC lifted their price target on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a research note on Thursday, September 11th. Twenty analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $114.94.

Insider Buying and Selling

In other news, CFO Kiran Kumar Choudary sold 6,599 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $489,711.79. Following the completion of the transaction, the chief financial officer directly owned 516,184 shares of the company’s stock, valued at approximately $38,306,014.64. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total transaction of $745,584.84. Following the sale, the director owned 998 shares in the company, valued at $82,594.48. The trade was a 90.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 129,466 shares of company stock worth $10,006,286. 32.38% of the stock is owned by corporate insiders.

Rubrik Stock Down 6.2%

Shares of RBRK stock opened at $81.67 on Friday. Rubrik, Inc. has a 52 week low of $47.35 and a 52 week high of $103.00. The firm has a 50 day moving average of $75.94 and a two-hundred day moving average of $83.54. The stock has a market capitalization of $16.13 billion, a PE ratio of -41.88 and a beta of 0.32.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. During the same quarter in the previous year, the business posted ($0.21) earnings per share. The firm’s revenue was up 48.3% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Rubrik Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.