Hsbc Holdings PLC Grows Stock Holdings in Rubrik, Inc. $RBRK

Hsbc Holdings PLC lifted its stake in Rubrik, Inc. (NYSE:RBRK) by 712.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 110,756 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Rubrik during the fourth quarter valued at about $345,907,000. Legal & General Group Plc boosted its position in shares of Rubrik by 8.6% in the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after acquiring an additional 151,234 shares during the period. Stephens Investment Management Group LLC grew its stake in Rubrik by 47.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock valued at $45,571,000 after acquiring an additional 191,738 shares in the last quarter. Washington University purchased a new position in Rubrik during the fourth quarter valued at approximately $3,861,000. Finally, US Bancorp DE grew its stake in Rubrik by 79.9% during the fourth quarter. US Bancorp DE now owns 96,273 shares of the company’s stock valued at $7,363,000 after acquiring an additional 42,755 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rubrik

In other news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total transaction of $909,150.00. Following the completion of the sale, the director directly owned 8,362 shares of the company’s stock, valued at approximately $691,119.30. The trade was a 56.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 company’s stock in a transaction 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 completion of the transaction, the director owned 113,477 shares of the company’s stock, valued at $8,112,470.73. This trade represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 287,342 shares of company stock worth $23,743,772. Corporate insiders own 13.66% of the company’s stock.

Rubrik Price Performance

Shares of RBRK opened at $84.19 on Thursday. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75. The company has a market capitalization of $17.33 billion, a P/E ratio of -58.07 and a beta of 1.10. The firm’s 50 day simple moving average is $70.24 and its 200 day simple moving average is $62.57.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. Rubrik’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) EPS. 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, equities analysts anticipate that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on RBRK. KeyCorp increased their target price on shares of Rubrik from $70.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Stephens restated an “overweight” rating and set a $90.00 price target on shares of Rubrik in a research report on Monday, June 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rubrik in a research report on Friday, June 26th. Finally, BMO Capital Markets boosted their target price on Rubrik from $73.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Rubrik Company 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).