Hsbc Holdings PLC Buys 97,123 Shares of Rubrik, Inc. $RBRK

Hsbc Holdings PLC raised its position in Rubrik, Inc. (NYSE:RBRK) by 712.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,756 shares of the company’s stock after acquiring an additional 97,123 shares during the period. Hsbc Holdings PLC’s holdings in Rubrik were worth $8,529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in Rubrik in the fourth quarter valued at $345,907,000. First Trust Advisors LP lifted its position in shares of Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after purchasing an additional 2,116,272 shares in the last quarter. Vanguard Group Inc. boosted its position in Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after buying an additional 1,678,255 shares during the last quarter. AQR Capital Management LLC bought a new position in Rubrik in the third quarter valued at about $97,828,000. Finally, State Street Corp grew its position in shares of Rubrik by 139.7% during the 2nd quarter. State Street Corp now owns 1,771,475 shares of the company’s stock worth $158,706,000 after buying an additional 1,032,497 shares during the period. 49.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RBRK shares. Jefferies Financial Group set a $90.00 target price on shares of Rubrik in a report on Friday, June 5th. Mizuho increased 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. Guggenheim restated a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Rubrik in a report on Friday. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Insiders Place Their Bets

In related news, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the completion of the sale, the chief financial officer directly owned 549,901 shares of the company’s stock, valued at approximately $28,424,382.69. This represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred on Friday, June 26th. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71. Following the sale, the director owned 113,477 shares in the company, valued at $8,112,470.73. This trade represents a 3.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 280,981 shares of company stock worth $22,053,379 in the last three months. 13.66% of the stock is owned by corporate insiders.

Rubrik Trading Up 1.9%

RBRK stock opened at $72.35 on Friday. The business’s 50-day moving average price is $65.44 and its two-hundred day moving average price is $62.71. The firm has a market cap of $14.89 billion, a PE ratio of -49.90 and a beta of 1.10. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. The firm’s revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.15) earnings per share. 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 forecast that Rubrik, Inc. will post -1.16 earnings per share for the current year.

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).