Healthcare of Ontario Pension Plan Trust Fund Takes Position in Rubrik, Inc. $RBRK

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Rubrik, Inc. (NYSE:RBRK) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 87,800 shares of the company’s stock, valued at approximately $4,300,000.

A number of other hedge funds also recently added to or reduced their stakes in RBRK. Vanguard Group Inc. increased its position in Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after purchasing an additional 1,678,255 shares during the period. First Trust Advisors LP raised its holdings in shares of Rubrik by 42.8% in the 4th 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 in the last quarter. Norges Bank purchased a new stake in shares of Rubrik in the 4th quarter worth approximately $345,907,000. Pictet Asset Management Holding SA lifted its position in shares of Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Rubrik by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock valued at $193,433,000 after purchasing an additional 178,714 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on RBRK. Robert W. Baird lifted their price objective on shares of Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. BMO Capital Markets upped their target price on Rubrik from $87.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 target price (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Finally, Citigroup boosted their price target on Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $93.96.

Rubrik Stock Performance

Rubrik stock opened at $71.52 on Friday. The stock has a market cap of $14.72 billion, a PE ratio of -49.32 and a beta of 1.10. The stock has a 50-day moving average of $75.81 and a two-hundred day moving average of $62.73. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The business’s revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, sell-side analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Insider Activity at Rubrik

In other news, CTO Arvind Nithrakashyap sold 199,447 shares of Rubrik stock in a transaction on 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 approximately $26,467,965.44. The trade was a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of the business’s 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 sale, the director directly owned 8,362 shares in the company, valued at $691,119.30. This trade represents a 56.81% decrease in their ownership of the stock. 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 90 days, insiders have sold 277,821 shares of company stock worth $23,325,371. 13.66% of the stock is owned by company insiders.

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).