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Investment Performance Case Study
Rubrik
Welcome to the Investment Performance Case Study of Rubrik, which follows our clients' journeys of investing in Rubrik between 25th Apr, 2024 and 25th Apr, 2024, during which the recorded share price produced a gain of 21%.
NYSE:RBRK
Introduction
Rubrik is a leading cloud data management company that provides enterprises with a unified platform for backup, recovery, disaster recovery, and data archiving. Founded in 2014, Rubrik helps organizations securely manage, protect, and access their data across both on-premises and cloud environments. The company's innovative software delivers real-time data availability, simple management, and scalable solutions, empowering businesses to accelerate digital transformation while reducing operational complexities. Rubrik's platform leverages advanced technologies like artificial intelligence (AI) and machine learning (ML) to enhance data protection, automate workflows, and improve data visibility. Trusted by global organizations across various industries, Rubrik's solution is designed to ensure that critical data remains secure, accessible, and compliant in an ever-evolving digital landscape. With a focus on simplicity, reliability, and cutting-edge innovation, Rubrik has rapidly established itself as a leader in the data management space.
The Rubrik Investment Case
Rubrik is a cybersecurity and data security company providing technology designed to protect, manage and recover enterprise data across cloud and on-premises environments. The company's public-market debut came amid increasing corporate focus on cyber resilience and the protection of critical data.
The Transaction
Rubrik completed its initial public offering in April 2024 and began trading on the New York Stock Exchange on 25 April at an IPO price of $32.00 per share.
Investment Outcome
The shares opened at $38.60, the outcome value recorded for this case study. This represented an increase of approximately 20.6% over the $32.00 IPO price and demonstrated positive initial demand for the cybersecurity business.
- Event: Initial Public Offering
- Exchange: New York Stock Exchange
- Study Date: 25 April 2024
- Entry Price: $32.00
- Outcome Price: $38.60
Case Overview
| Company Name : | Rubrik |
|---|---|
| Sector : | Cybersecurity |
| Event Type : | IPO |
| Buy Advice : | 2024-04-25 |
| Sell Advice : | 2024-04-25 |
| Buy Price : | 32.00 (USD) |
| Sell Price : | 38.60 (USD) |
| Profit(%) : | 21% |
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