Rubrik, Inc. $RBRK Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 38.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,065 shares of the company’s stock after selling 42,691 shares during the period. Hsbc Holdings PLC’s holdings in Rubrik were worth $3,286,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Rubrik during the 4th quarter worth $345,907,000. First Trust Advisors LP increased its stake in Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the period. Pictet Asset Management Holding SA increased its stake in Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares during the period. Vanguard Group Inc. raised its holdings in shares of Rubrik by 12.9% in the fourth 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. Finally, AQR Capital Management LLC purchased a new stake in shares of Rubrik in the third quarter valued at about $97,828,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 2,838 shares of Rubrik stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $212,850.00. Following the completion of the transaction, the director owned 2,326 shares in the company, valued at approximately $174,450. The trade was a 54.96% decrease in their ownership of the stock. The sale 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, CTO Arvind Nithrakashyap sold 199,447 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the sale, the chief technology officer directly owned 314,048 shares in the company, valued at $26,467,965.44. This trade represents a 38.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 291,321 shares of company stock valued at $24,074,426. Company insiders own 13.66% of the company’s stock.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $73.17 on Friday. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75. The firm has a market capitalization of $15.06 billion, a P/E ratio of -50.46 and a beta of 1.10. The company’s fifty day moving average is $75.22 and its two-hundred day moving average is $62.84.

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, beating 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. The business’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the prior year, the business 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, sell-side analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RBRK shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Rubrik in a report on Friday, June 26th. Guggenheim reaffirmed a “buy” rating on shares of Rubrik in a report on Friday, June 5th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.96.

About Rubrik

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).