Hillsdale Investment Management Inc. Acquires 18,000 Shares of Rubrik, Inc. $RBRK

Hillsdale Investment Management Inc. grew its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 202.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 26,900 shares of the company’s stock after acquiring an additional 18,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Rubrik were worth $2,410,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RBRK. GGM Financials LLC bought a new stake in shares of Rubrik in the 2nd quarter valued at approximately $8,108,000. Northern Trust Corp increased its position in shares of Rubrik by 23.1% during the 1st quarter. Northern Trust Corp now owns 236,649 shares of the company’s stock valued at $14,431,000 after purchasing an additional 44,373 shares during the last quarter. Bessemer Group Inc. raised its holdings in Rubrik by 17.7% during the 2nd quarter. Bessemer Group Inc. now owns 194,911 shares of the company’s stock valued at $17,462,000 after buying an additional 29,317 shares during the period. Perpetual Ltd lifted its position in Rubrik by 8,282.0% in the second quarter. Perpetual Ltd now owns 587,156 shares of the company’s stock worth $52,603,000 after buying an additional 580,151 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Rubrik by 200.2% during the first quarter. Hsbc Holdings PLC now owns 87,358 shares of the company’s stock worth $5,317,000 after buying an additional 58,258 shares during the period. Institutional investors own 49.54% of the company’s stock.

Insider Transactions at Rubrik

In other news, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total transaction of $745,584.84. Following the transaction, the director owned 998 shares of the company’s stock, valued at approximately $82,594.48. This represents a 90.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $489,711.79. Following the transaction, the chief financial officer owned 516,184 shares in the company, valued at approximately $38,306,014.64. This represents a 1.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 131,966 shares of company stock valued at $10,356,678. Company insiders own 32.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Oppenheimer started coverage on shares of Rubrik in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Wedbush reiterated an “outperform” rating and set a $120.00 price target on shares of Rubrik in a report on Thursday, September 11th. CIBC raised their price objective on shares of Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a research note on Thursday, September 11th. Rosenblatt Securities boosted their target price on Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Barclays upped their target price on Rubrik from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Eighteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.69.

Rubrik Price Performance

Shares of RBRK opened at $66.60 on Friday. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of -28.46 and a beta of 0.20. Rubrik, Inc. has a 1-year low of $47.35 and a 1-year high of $103.00. The company has a 50-day moving average of $77.05 and a 200 day moving average of $84.38.

Rubrik (NYSE:RBRK) last issued its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to analysts’ expectations of $282.25 million. During the same period last year, the business posted ($0.40) earnings per share. The business’s revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Rubrik 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.