Atreides Management LP Purchases 281,472 Shares of Rubrik, Inc. $RBRK

Atreides Management LP lifted its position in shares of Rubrik, Inc. (NYSE:RBRK) by 59.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 752,752 shares of the company’s stock after purchasing an additional 281,472 shares during the quarter. Rubrik makes up about 1.2% of Atreides Management LP’s investment portfolio, making the stock its 24th largest position. Atreides Management LP owned 0.38% of Rubrik worth $61,914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bridgefront Capital LLC acquired a new position in shares of Rubrik in the third quarter valued at $501,000. California Public Employees Retirement System bought a new position in Rubrik in the third quarter worth $15,606,000. Bank of Nova Scotia acquired a new stake in Rubrik during the third quarter worth $6,416,000. Boothbay Fund Management LLC acquired a new stake in Rubrik during the third quarter worth $1,211,000. Finally, Aquatic Capital Management LLC bought a new stake in Rubrik in the 3rd quarter valued at $9,673,000. 49.54% of the stock is currently owned by institutional investors.

More Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Q4 beat and raised guidance — Rubrik posted $0.04 adj. EPS (vs. a loss expected) and revenue of $377.7M (+46% YoY), and issued Q1 and FY‑2027 guidance well above Street expectations, which underpins the company’s growth narrative and drove initial upside. Rubrik Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Subscription ARR and execution highlighted — Management called out record subscription ARR growth and improved free‑cash metrics, reinforcing the recurring‑revenue story and the company’s positioning around AI/data resilience. Rubrik Inc (RBRK) Q4 2026 Earnings Call Highlights
• Positive Sentiment: Call‑buyers showing conviction — Unusual options activity (large call purchases) suggests some traders are betting on further upside post‑earnings, adding a tactical bullish signal to intraday flows.
• Neutral Sentiment: Mixed analyst posture — Several firms reaffirmed buy/overweight ratings even as they’d trimmed targets (e.g., Piper Sandler reaffirmed overweight with a lower $84 PT). Ratings support the growth case but reduced PTs reflect more cautious near‑term expectations. Piper Sandler Reaffirms Overweight on Rubrik
• Negative Sentiment: Multiple price‑target cuts — BMO, Wedbush and Wells Fargo cut PTs (to $70, $90 and $90 respectively) despite maintaining outperform/overweight stances; those trims cap upside in the near term and signal caution on valuation/timing. Analyst Price Target Moves
• Negative Sentiment: Soft software market and profit‑taking — Commentary notes that even strong results can be muted when the broader software/tech group is weak; that dynamic, plus short‑term traders locking gains after a big run, helps explain the stock’s pullback. Rubrik posts strong Q4, but ‘rarified air’ isn’t enough to lift shares

Rubrik Stock Performance

Shares of NYSE RBRK opened at $53.35 on Friday. Rubrik, Inc. has a 52-week low of $46.36 and a 52-week high of $103.00. The business has a fifty day moving average of $59.14 and a two-hundred day moving average of $71.76. The stock has a market cap of $10.68 billion, a PE ratio of -30.14 and a beta of 0.45.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. The firm’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 31,450 shares of Rubrik stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $76.19, for a total value of $2,396,175.50. Following the completion of the transaction, the chief technology officer owned 342,703 shares in the company, valued at approximately $26,110,541.57. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian K. Mccarthy sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $70.88, for a total value of $708,800.00. Following the completion of the transaction, the insider directly owned 330,772 shares in the company, valued at $23,445,119.36. The trade was a 2.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 146,219 shares of company stock valued at $9,834,982 in the last ninety days. 32.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Mizuho dropped their price objective on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Stephens started coverage on shares of Rubrik in a research note on Monday, December 29th. They issued an “overweight” rating and a $105.00 target price on the stock. Roth Mkm reissued a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Berenberg Bank began coverage on shares of Rubrik in a research note on Tuesday, November 18th. They set a “buy” rating and a $114.00 price target for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price objective (down from $99.00) on shares of Rubrik in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and a consensus price target of $92.89.

Rubrik Company 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).