Hamilton Lane Advisors LLC Invests $10.81 Million in Rubrik, Inc. $RBRK

Hamilton Lane Advisors LLC purchased a new position in Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 141,329 shares of the company’s stock, valued at approximately $10,809,000. Rubrik comprises 6.0% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBRK. Vanguard Group Inc. grew its stake in Rubrik by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company’s stock worth $1,070,586,000 after buying an additional 993,634 shares during the last quarter. First Trust Advisors LP lifted its stake in Rubrik by 10.9% in the third quarter. First Trust Advisors LP now owns 4,947,785 shares of the company’s stock valued at $406,955,000 after buying an additional 485,080 shares during the last quarter. Voya Investment Management LLC lifted its stake in Rubrik by 18.0% in the third quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock valued at $293,552,000 after buying an additional 543,855 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Rubrik by 101.8% during the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after acquiring an additional 1,229,476 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Rubrik by 7.0% during the second quarter. Bank of America Corp DE now owns 2,073,044 shares of the company’s stock valued at $185,724,000 after acquiring an additional 136,262 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of RBRK opened at $51.42 on Friday. Rubrik, Inc. has a one year low of $44.75 and a one year high of $103.00. The stock’s fifty day moving average is $53.15 and its 200-day moving average is $67.97. The firm has a market capitalization of $10.40 billion, a price-to-earnings ratio of -29.05 and a beta of 0.63.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to analyst estimates of $342.43 million. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $48.90, for a total value of $537,900.00. Following the completion of the sale, the director directly owned 4,653 shares of the company’s stock, valued at approximately $227,531.70. This represents a 70.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 122,613 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $48.20, for a total transaction of $5,909,946.60. Following the completion of the transaction, the chief financial officer owned 564,901 shares of the company’s stock, valued at $27,228,228.20. This trade represents a 17.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 235,806 shares of company stock worth $12,849,818. 32.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on RBRK shares. Citigroup dropped their price objective on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Guggenheim reissued a “buy” rating and set a $110.00 target price on shares of Rubrik in a research note on Friday, March 13th. KeyCorp decreased their target price on shares of Rubrik from $95.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Cantor Fitzgerald dropped their price target on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. Finally, DA Davidson set a $70.00 price target on Rubrik in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.10.

Rubrik Company Profile

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).