29,100 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,100 shares of the company's stock, valued at approximately $1,927,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new position in shares of Rubrik during the 4th quarter valued at $131,000. Tower Research Capital LLC TRC boosted its stake in shares of Rubrik by 355.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,026 shares of the company's stock worth $198,000 after acquiring an additional 2,361 shares during the period. Nan Fung Group Holdings Ltd bought a new stake in Rubrik during the 4th quarter valued at approximately $1,591,000. Dimensional Fund Advisors LP lifted its holdings in Rubrik by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 36,741 shares of the company's stock worth $2,401,000 after purchasing an additional 1,363 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Rubrik by 26.6% during the 4th quarter. First Trust Advisors LP now owns 3,156,035 shares of the company's stock valued at $206,278,000 after buying an additional 662,914 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Stock Performance

Shares of RBRK traded down $0.52 during trading hours on Tuesday, hitting $74.15. 1,192,997 shares of the stock were exchanged, compared to its average volume of 2,424,842. The stock's 50-day moving average price is $63.41 and its two-hundred day moving average price is $61.78. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The company has a market cap of $14.07 billion and a price-to-earnings ratio of -5.38.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. During the same period last year, the business earned ($1.59) EPS. The firm's revenue was up 47.5% on a year-over-year basis. On average, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the transaction, the director now owns 153 shares of the company's stock, valued at approximately $11,828.43. The trade was a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $62.98, for a total value of $832,154.74. Following the completion of the sale, the insider now directly owns 21,221 shares of the company's stock, valued at $1,336,498.58. This trade represents a 38.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 506,634 shares of company stock worth $33,523,839 over the last ninety days.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $85.00 price target on shares of Rubrik in a research note on Friday, March 14th. KeyCorp cut their target price on shares of Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Guggenheim boosted their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. William Blair initiated coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating for the company. Finally, Wells Fargo & Company boosted their target price on shares of Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $68.83.

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.