Alamar Capital Management LLC Makes New Investment in Rubrik, Inc. $RBRK

Alamar Capital Management LLC purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,070 shares of the company’s stock, valued at approximately $1,424,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lido Advisors LLC increased its holdings in Rubrik by 266.2% during the first quarter. Lido Advisors LLC now owns 7,570 shares of the company’s stock valued at $371,000 after buying an additional 5,503 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Rubrik by 36.6% during the 1st quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock worth $4,262,000 after acquiring an additional 23,320 shares during the last quarter. NewEdge Wealth LLC bought a new stake in shares of Rubrik during the 1st quarter valued at $634,000. CI Investments Inc. bought a new stake in shares of Rubrik during the 1st quarter valued at $19,815,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Rubrik by 58.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the company’s stock worth $127,000 after purchasing an additional 952 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

NYSE RBRK opened at $73.94 on Thursday. The stock has a market capitalization of $15.22 billion, a PE ratio of -51.00 and a beta of 1.10. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75. The business has a 50 day simple moving average of $74.83 and a two-hundred day simple moving average of $62.78.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The firm’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. On average, analysts anticipate that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on RBRK. Oppenheimer raised their target price on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Robert W. Baird upped their price target on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Barclays raised their price objective on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Guggenheim reaffirmed a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, BMO Capital Markets boosted their price objective on Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Twenty-eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and a consensus price target of $93.96.

Insiders Place Their Bets

In other Rubrik news, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $84.58, for a total transaction of $1,084,315.60. Following the completion of the sale, the chief technology officer directly owned 303,611 shares of the company’s stock, valued at approximately $25,679,418.38. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $83.10, for a total transaction of $330,654.90. Following the completion of the sale, the director owned 125,351 shares in the company, valued at $10,416,668.10. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 291,321 shares of company stock valued at $24,074,426 over the last quarter. 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).