Bain Capital Venture Investors LLC Lowers Stake in Rubrik, Inc. $RBRK

Bain Capital Venture Investors LLC lessened its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 51.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 659,640 shares of the company’s stock after selling 700,000 shares during the period. Rubrik accounts for about 19.8% of Bain Capital Venture Investors LLC’s portfolio, making the stock its 2nd biggest position. Bain Capital Venture Investors LLC’s holdings in Rubrik were worth $50,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in RBRK. EverSource Wealth Advisors LLC increased its stake in Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares during the period. Financial Life Planners bought a new position in Rubrik during the 3rd quarter worth $31,000. Atlantic Union Bankshares Corp increased its stake in Rubrik by 100.0% during 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. Triumph Capital Management bought a new position in Rubrik during the 4th quarter worth $33,000. Finally, Banque Cantonale Vaudoise bought a new position in Rubrik during the 3rd quarter worth $34,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of RBRK opened at $69.22 on Wednesday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $99.75. The business’s fifty day moving average is $61.87 and its 200-day moving average is $62.67. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of -47.74 and a beta of 1.09.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating 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. During the same period last year, the business earned ($0.15) EPS. The company’s revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, research analysts forecast 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 firm’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 sale, the chief technology officer owned 314,048 shares of the company’s stock, valued at $25,802,183.68. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total value of $1,033,800.00. Following the sale, the chief financial officer directly owned 549,901 shares in the company, valued at approximately $28,424,382.69. This trade represents a 3.51% 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. In the last 90 days, insiders sold 398,939 shares of company stock worth $27,628,167. Insiders own 13.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on RBRK. Jefferies Financial Group set a $90.00 price objective on Rubrik in a research note on Friday, June 5th. Piper Sandler reiterated an “overweight” rating and issued a $91.00 price target (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research note on Friday, March 27th. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of Rubrik in a research note on Monday. Finally, Mizuho lifted their price target on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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).