Hsbc Holdings PLC Increases Stake in Rubrik, Inc. $RBRK

Key Points

• Hsbc Holdings PLC increased its stake in Rubrik, Inc. by 200.2% in Q1, owning a total of 87,358 shares valued at $5.3 million after acquiring an additional 58,258 shares.
• Other institutional investors, including Vanguard and Bank of America, also boosted their holdings significantly, indicating strong investor interest in Rubrik.
• Rubrik's recent earnings report showed a loss of ($0.15) EPS, which beat analysts' estimates, alongside a revenue increase of 48.7% year-over-year, highlighting the company's robust growth.

Hsbc Holdings PLC lifted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 200.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,358 shares of the company's stock after buying an additional 58,258 shares during the quarter. Hsbc Holdings PLC's holdings in Rubrik were worth $5,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Voloridge Investment Management LLC acquired a new stake in shares of Rubrik during the 4th quarter worth approximately $85,331,000. Green Alpha Advisors LLC grew its position in shares of Rubrik by 53.4% during the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock worth $495,000 after buying an additional 2,824 shares during the period. BNP Paribas Financial Markets grew its position in shares of Rubrik by 2,899.7% during the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock worth $20,508,000 after buying an additional 303,305 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Rubrik by 168.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock worth $43,610,000 after buying an additional 418,457 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Rubrik by 14.0% during the 4th quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock worth $1,909,000 after buying an additional 3,593 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 3,500 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $82.93, for a total transaction of $290,255.00. Following the completion of the sale, the chief financial officer directly owned 517,095 shares of the company's stock, valued at $42,882,688.35. This trade represents a 0.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yvonne Wassenaar sold 2,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total value of $176,420.00. Following the sale, the director directly owned 2,855 shares of the company's stock, valued at approximately $251,839.55. This represents a 41.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,045,047 shares of company stock worth $95,920,989. 32.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on RBRK shares. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th. Rosenblatt Securities increased their target price on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 target price (up from $77.00) on shares of Rubrik in a report on Friday, June 6th. Mizuho cut Rubrik from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $75.00 to $86.00 in a report on Thursday, May 15th. Finally, CIBC increased their target price on Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a report on Monday, June 9th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Stock Up 6.4%

NYSE:RBRK traded up $5.61 during trading hours on Thursday, hitting $93.14. 3,137,807 shares of the company traded hands, compared to its average volume of 2,649,548. The firm's 50-day simple moving average is $87.85 and its 200-day simple moving average is $78.45. Rubrik, Inc. has a one year low of $29.18 and a one year high of $103.00. The company has a market cap of $18.02 billion, a PE ratio of -32.91 and a beta of 0.45.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. During the same period in the prior year, the business earned ($1.58) earnings per share. The company's revenue for the quarter was up 48.7% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. As a group, equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.