Bienville Capital Management LLC Trims Position in Rubrik, Inc. $RBRK

Bienville Capital Management LLC lowered its position in shares of Rubrik, Inc. (NYSE:RBRK) by 74.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 120,987 shares of the company’s stock after selling 350,704 shares during the quarter. Rubrik makes up approximately 1.3% of Bienville Capital Management LLC’s holdings, making the stock its 24th biggest holding. Bienville Capital Management LLC’s holdings in Rubrik were worth $9,713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank boosted its holdings in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares during the last quarter. Royal Bank of Canada increased its stake in Rubrik by 231.3% in the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after purchasing an additional 20,471 shares during the last quarter. NewEdge Advisors LLC increased its stake in Rubrik by 31.6% in the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after purchasing an additional 300 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after buying an additional 236,181 shares during the period. Finally, Rhumbline Advisers lifted its position in Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after buying an additional 2,000 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Price Performance

NYSE RBRK opened at $88.85 on Thursday. The firm has a market capitalization of $18.29 billion, a P/E ratio of -70.52 and a beta of 1.24. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $107.91. The business’s 50-day simple moving average is $87.50 and its 200-day simple moving average is $69.59.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same period last year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, equities research analysts expect that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Insider Activity at Rubrik

In other news, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $83.10, for a total value of $330,654.90. Following the transaction, the director owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. This trade represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Thompson sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $89.03, for a total transaction of $979,330.00. Following the sale, the director directly owned 8,362 shares of the company’s stock, valued at approximately $744,468.86. This trade represents a 56.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 112,577 shares of company stock valued at $9,376,785 over the last quarter. Company insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on RBRK shares. Citigroup lifted their price target on Rubrik from $96.00 to $130.00 and gave the company a “buy” rating in a report on Friday, August 28th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a report on Monday, August 31st. Wolfe Research reaffirmed an “outperform” rating and set a $120.00 price target on shares of Rubrik in a research report on Friday, August 28th. Barclays increased their price target on shares of Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Finally, Mizuho lifted their price target on shares of Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.15.

Rubrik Profile

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.