Deepwater Asset Management LLC Has $12.52 Million Stock Position in Rubrik, Inc. $RBRK

Deepwater Asset Management LLC grew its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,700 shares of the company’s stock after acquiring an additional 11,603 shares during the period. Rubrik comprises approximately 3.6% of Deepwater Asset Management LLC’s holdings, making the stock its 10th largest position. Deepwater Asset Management LLC’s holdings in Rubrik were worth $12,520,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Fiera Capital Corp grew its position in shares of Rubrik by 135.1% during the 4th quarter. Fiera Capital Corp now owns 777,909 shares of the company’s stock valued at $59,494,000 after acquiring an additional 446,996 shares during the period. JPMorgan Chase & Co. grew its position in shares of Rubrik by 17.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,272,392 shares of the company’s stock valued at $97,313,000 after acquiring an additional 185,480 shares during the period. Clearbridge Investments LLC grew its position in shares of Rubrik by 7.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,363,888 shares of the company’s stock valued at $104,310,000 after acquiring an additional 96,360 shares during the period. ING Groep NV grew its position in shares of Rubrik by 31.3% during the 4th quarter. ING Groep NV now owns 54,600 shares of the company’s stock valued at $4,176,000 after acquiring an additional 13,000 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Rubrik during the 4th quarter valued at $35,000. Institutional investors own 49.54% of the company’s stock.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik beat first-quarter estimates with $0.16 EPS versus expectations for a loss, while revenue rose 39% to $387.1 million, reinforcing the company’s growth story in cybersecurity and AI-driven cyber resilience. Rubrik Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised full-year and Q2 guidance, signaling management sees continued demand and improving profitability ahead. Rubrik beats Q1 estimates, raises full-year guidance as cyber resilience demand rises
• Positive Sentiment: Multiple analysts lifted price targets, including CIBC, BMO, DA Davidson, and Oppenheimer, suggesting Wall Street remains constructive after the results. Analyst price target updates
• Positive Sentiment: Unusual call-option activity points to speculation that traders expect more upside after the earnings beat and guidance raise. Unusual options trading in Rubrik
• Neutral Sentiment: Commentary around Rubrik’s AI-enabled security platform and its access to Anthropic’s Mythos preview reinforces the long-term growth narrative, but this is more strategic than an immediate earnings driver. Rubrik is countering AI threats with ‘AI speed’ recoveries: CEO
• Neutral Sentiment: Shareholder approval of the board, auditor, and pay practices removes governance uncertainty, but it is unlikely to materially affect the stock by itself. Rubrik Shareholders Endorse Board, Auditor and Pay Practices
• Negative Sentiment: The stock has been volatile because investors appear to be questioning whether the earnings beat was strong enough to justify the recent run-up in the share price. Is It Time To Reconsider Rubrik (RBRK) After Recent Volatile Share Price Swings?
• Negative Sentiment: Several insider sales, including large disposals by CTO Arvind Nithrakashyap and Director John Wendell Thompson, may be pressuring sentiment even though the trades were pre-planned. SEC filing for insider sales
• Negative Sentiment: Some market commentary said the quarter was solid but not “explosive” enough for a stock that had already rallied sharply, helping explain why shares slipped after earnings. Rubrik posts respectable Q1, not as explosive as needed

Rubrik Stock Performance

Shares of Rubrik stock opened at $73.15 on Monday. The company has a market capitalization of $14.80 billion, a P/E ratio of -50.45 and a beta of 1.10. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $103.00. The company has a fifty day moving average of $58.79 and a 200 day moving average of $62.56.

Rubrik (NYSE:RBRK) last announced its quarterly 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 company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. The firm’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 forecast that Rubrik, Inc. will post -1.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RBRK shares. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a report on Monday, June 1st. Cantor Fitzgerald upped their target price on shares of Rubrik from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $91.00 target price (up from $84.00) on shares of Rubrik in a report on Friday. KeyCorp upped their target price on shares of Rubrik from $70.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company dropped their target price on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Insider Activity at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $80.73, for a total value of $58,206.33. Following the sale, the director owned 2,326 shares in the company, valued at $187,777.98. The trade was a 23.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s 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 owned 314,048 shares in the company, valued at approximately $25,802,183.68. The trade was a 3.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 398,939 shares of company stock worth $27,628,167 in the last quarter. 13.66% of the stock is owned by company insiders.

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).