TD Waterhouse Canada Inc. Boosts Stock Position in Rubrik, Inc. $RBRK

TD Waterhouse Canada Inc. raised its position in Rubrik, Inc. (NYSE:RBRK) by 471.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,614 shares of the company’s stock after purchasing an additional 41,756 shares during the period. TD Waterhouse Canada Inc.’s holdings in Rubrik were worth $4,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RBRK. Strs Ohio grew its stake in shares of Rubrik by 90.8% during the 3rd quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after buying an additional 29,649 shares during the period. GGM Financials LLC acquired a new position in Rubrik in the second quarter valued at $8,108,000. Federated Hermes Inc. grew its position in 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. Slow Capital Inc. acquired a new stake in Rubrik during the third quarter worth about $3,341,000. Finally, Bessemer Group Inc. raised its holdings in shares of Rubrik by 17.7% in the 2nd quarter. Bessemer Group Inc. now owns 194,911 shares of the company’s stock worth $17,462,000 after purchasing an additional 29,317 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Berenberg Bank began coverage on shares of Rubrik in a research report on Tuesday, November 18th. They set a “buy” rating and a $114.00 target price for the company. Piper Sandler dropped their price objective on shares of Rubrik from $118.00 to $99.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. BMO Capital Markets reduced their target price on shares of Rubrik from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Finally, Wedbush reissued an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a research report on Friday, December 5th. Twenty-one investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.18.

Insiders Place Their Bets

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $73.84, for a total transaction of $812,240.00. Following the completion of the sale, the director owned 2,702 shares in the company, valued at $199,515.68. This trade represents a 80.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $67.66, for a total value of $1,353,200.00. Following the completion of the transaction, the chief financial officer directly owned 489,959 shares in the company, valued at approximately $33,150,625.94. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 249,396 shares of company stock worth $19,381,819 in the last quarter. Company insiders own 32.38% of the company’s stock.

Rubrik Trading Down 3.5%

RBRK opened at $55.93 on Friday. Rubrik, Inc. has a twelve month low of $47.35 and a twelve month high of $103.00. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of -28.68 and a beta of 0.27. The company has a fifty day simple moving average of $73.22 and a 200 day simple moving average of $78.95.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. The business’s quarterly revenue was up 48.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Rubrik 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).