Bollard Group LLC Takes $896,000 Position in Rubrik, Inc. $RBRK

Bollard Group LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 1st quarter, HoldingsChannel reports. The fund acquired 18,294 shares of the company’s stock, valued at approximately $896,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBRK. Vanguard Group Inc. raised its holdings in Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after acquiring an additional 1,678,255 shares during the period. First Trust Advisors LP boosted its position in shares of 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 acquiring an additional 2,116,272 shares during the period. Norges Bank acquired a new stake in shares of Rubrik in the fourth quarter worth $345,907,000. Pictet Asset Management Holding SA raised its holdings in Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after acquiring an additional 1,696,342 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Rubrik by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after acquiring an additional 178,714 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the completion of the sale, the director owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. This represents a 3.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Yvonne Wassenaar sold 2,838 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $75.00, for a total value of $212,850.00. Following the completion of the transaction, the director directly owned 2,326 shares of the company’s stock, valued at approximately $174,450. The trade was a 54.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 291,321 shares of company stock valued at $24,074,426 over the last quarter. 13.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on RBRK shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $91.00 target price (up from $84.00) on shares of Rubrik in a report on Friday, June 5th. DA Davidson reaffirmed a “buy” rating and set a $90.00 price objective (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. KeyCorp raised their target price on shares of Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Truist Financial reiterated a “buy” rating and set a $90.00 price target (up from $80.00) on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.96.

Rubrik Stock Up 0.7%

NYSE:RBRK opened at $73.17 on Friday. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of -50.46 and a beta of 1.10. The stock’s 50 day moving average price is $75.22 and its two-hundred day moving average price is $62.84.

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

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).