**DD Part 2. Rubrik's BackUp Boogaloo**
DD Part 1 -->[ here](https://www.reddit.com/r/wallstreetbets/comments/1h7s0om/rbrk_rubrik/).
**What is Rubrik ?**
* Rubrik is a backup & recovery provider that sits on top of a company’s cloud infrastructure.
**What is an example of Backup & Recovery I can maybe understand?**
* You drop your phone under a tire because you were to busy while parking, leading to a smashing of both it and the SIM card. The only fix is you buy a new phone, login with your iCloud email, and everything is restored from the cloud.
* Rubrik does the above and sells at-cost servers from partners like Dell, HPE, SMCI, etc. They protect data in places like AWS , Azure, and GCP.
* People pay whatever when they have no phone or car. Same here.
**Why am I following up?**
* Feedback that Part 1 should have been posted weeks ago.
* NEW DD.
* 2024 Tech IPO Comparable ^(Reddit)
* Six Analyst Rating Updates during Friday Frenzy ^(Barclays is of particular interest)
* Give some credit where it's due:
* u/Appropriate-Grisham's comments calling the [ 20% jump](https://www.reddit.com/r/wallstreetbets/comments/1h2q6pw/comment/m0lty1r/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) & [ his quick DD from last week](https://www.reddit.com/r/wallstreetbets/comments/1h2q6pw/comment/lzm990m/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button). He called it first last week.
* u/Smurfsville's [YOLO'ing half his $70k portfolio in RBRK giving an international footprint](https://www.reddit.com/r/wallstreetbets/comments/1h8b4jr/rbrk_yolo/).
* u/CorrectYesterday4480's [for offering to kiss me](https://www.reddit.com/r/wallstreetbets/comments/1h7s0om/comment/m0psve5/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
* It's a great company.
**Have you sold any stock or options?**
* [No. This is a YOLO.](https://www.reddit.com/r/wallstreetbets/comments/1h7e91h/rbrk_yolo/)
**Why did you not sell the ATH when it was $72.66 11:45AM EST on Friday 12/5/2024? Are you fucking stupid?**
https://preview.redd.it/bm4gi2ksyj5e1.png?width=600&format=png&auto=webp&s=1d23af31acbc43989fcad8811ae28a924e157c61
**Can you tell me the exact limit price, exact strike price, and exact time & date to buy RBRK? When should I buy and sell options? What about stock?**
* Unfortunately no. This is a casino. I will show you my positions, gains, and losses for better or worse. That's the point of the DD, it's historical.
**What did your options look like by end of Friday?**
[I entered into three new positions. Yes they are the red ones. ](https://preview.redd.it/xplss7gyyj5e1.png?width=1304&format=png&auto=webp&s=8ae1e679daf72e01414338f5ebc80b32b85f8642)
[I did the math for you. ](https://preview.redd.it/gc4uoa0wok5e1.png?width=2022&format=png&auto=webp&s=853a00702ad8a3c332d552026b187de9106102da)
**Update: What do you stock positions look like?**
[Bought since mid November.](https://preview.redd.it/oiobs0ssin5e1.png?width=1144&format=png&auto=webp&s=f5c0ea0c2c6ecd9cd89b85c8b997498312f6a078)
**New DD**
**2024 Tech IPO Comparable ($RDDT, Reddit)**
* Since the AI hype peaking in 2021 and the rise of interest rates IPOs across the board have been down. Just look at the historicals it's a bloodbath. It's very, very hard to IPO in 2024. ( [Source: September 9th, 2024 University of Florida Study on IPOs from 1980-2023](https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.pdf))
[121 Tech IPOs in 2021. 6 Tech IPOs in 2022. 9 Tech IPOs in 2023.](https://preview.redd.it/k68f5u1f8k5e1.png?width=674&format=png&auto=webp&s=29f8828e3a4bf10b69d10d169c853bf6bb34ac0d)
**State of IPOS in 2024 (** [Source : All 2024 IPOs Stockanalysis.com](https://stockanalysis.com/ipos/2024/) **)**
* I tried to be as broad as possible in scope, but it seems like the only tech IPOs with $20+ IPO Prices were RDDT, RBRK, INGM, OS, and WR in 2024. This is a very difficult and hard market to have an IPO in.
* [Stripe is even holding off.](https://www.paymentsdive.com/news/stripe-shows-signs-of-ipo-despite-co-founder-comments/727877/)
* [June 2024 Article on Slow IPO Market ](https://www.cnbc.com/2024/06/28/tech-founders-are-shunning-ipos-after-extended-market-lull-techstars.html)
[It's looking rough but see kissing cousins with $RDDT at $34 and $RBRK at $32. ](https://preview.redd.it/8ul7h4kfak5e1.png?width=1494&format=png&auto=webp&s=91d46e28c2bc38af981e1b1036436a4e358ef52e)
**Where do I see similarities?**
* Criticisms of Profitability & the Quarterly Improvement by Both.
|Company|Q1 2024 (The IPO)|Q2 2024 (First Quarterly)|Q3 2024 (Last Quarterly before EOY)|
|:-|:-|:-|:-|
|Rubrik $RBRK|\-1.58 EPS|\- 0.40 EPS|\- 0.21 EPS|
|Reddit $RDDT|\-8.19 EPS|\-0.06 EPS|0.16 EPS|
* Both have 10+ Year Lifespans without an IPO building large userbases, industry prestige aka getting taken seriously.
* IPO'ed within a month of one another. *(See dates above in IPO chart)*
* Both seem to be singing the exact same song
[How it feels. ](https://preview.redd.it/giyeo2w43k5e1.png?width=1478&format=png&auto=webp&s=8704b66f7b378968caef057acd8daa0a52677d29)
[My personal history with $RDDT. See how it ended right after Q3 earnings? See all the buys and sells. My exit was $115 with what I thought was a juicy call and a hard dip coming. ](https://preview.redd.it/f6d5da6e3k5e1.png?width=799&format=png&auto=webp&s=6fd54dcabf249fd41a10c0b46aff442ab0c5aaa1)
**Nine New Analyst "Raise" Ratings during Friday Frenzy**
* Barclays was of particular interest in the first DD due to them being first in line for QA on the Q3 Earnings and seemingly waiting until the dust settled to rate RBRK.
[All raises. All above $70. All during the chaos of Friday. ](https://preview.redd.it/gbyrk4kkik5e1.png?width=1810&format=png&auto=webp&s=f46984c2108d6da283de9b84d1b8a35688e57e64)
**I'm holding.**
**Mid $100s by July 2025**
**EDIT: Adding this table and screenshot for the "Posting DD up 50%. Hopium Bagholder." It's a YOLO. If I was worried about a bag I'd have posted this DD in August when I was buying shares but sold them to make an AMZN options play. I felt guilty about not posting months ago.**
|Ipo Date|Symbol|Company Name|IPO Price|Current|Return|
|:-|:-|:-|:-|:-|:-|
|2024-03-21|RDDT|Reddt|$34|$162.766|378.71%|
|2024-04-25|RBRK|Rubrik|$32|$64.63|101.97%|
https://preview.redd.it/m9e3b6jonn5e1.png?width=640&format=png&auto=webp&s=f0dfdc456fa59069f8c3a02d1e9182d8e445574b
[**10 Month Option hold on $PLTR. This is called having BALLS OF STEEL.**](https://www.reddit.com/r/wallstreetbets/comments/1h8eq7i/952_to_20k_pltr/)
https://preview.redd.it/9dsycxmmpn5e1.png?width=790&format=png&auto=webp&s=38ce0ada41eb520cf428db2d8fb4b65ded3945cd