Wedbush Reaffirms Outperform Rating for Rubrik (NYSE:RBRK)

Rubrik (NYSE:RBRK)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a note issued to investors on Friday,Benzinga reports. They presently have a $120.00 target price on the stock. Wedbush’s price target indicates a potential upside of 70.40% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Monday. Berenberg Bank started coverage on shares of Rubrik in a research report on Tuesday, November 18th. They set a “buy” rating and a $114.00 price objective for the company. Wall Street Zen cut shares of Rubrik from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Robert W. Baird increased their target price on shares of Rubrik from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Mizuho upgraded shares of Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 target price for the company in a report on Monday, November 17th. Nineteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and an average price target of $110.19.

Rubrik Price Performance

NYSE RBRK opened at $70.42 on Friday. Rubrik has a 12 month low of $47.35 and a 12 month high of $103.00. The firm has a market capitalization of $13.91 billion, a PE ratio of -30.10 and a beta of 0.32. The company’s 50 day simple moving average is $75.38 and its 200 day simple moving average is $83.64.

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

Insider Activity

In other news, Director John Wendell Thompson sold 9,009 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $82.76, for a total transaction of $745,584.84. Following the sale, the director owned 998 shares in the company, valued at $82,594.48. The trade was a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $489,711.79. Following the completion of the sale, the chief financial officer owned 516,184 shares of the company’s stock, valued at approximately $38,306,014.64. This trade represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 115,966 shares of company stock valued at $8,777,876. 32.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RBRK. LPL Financial LLC raised its position in Rubrik by 4.8% during the first quarter. LPL Financial LLC now owns 99,814 shares of the company’s stock valued at $6,087,000 after buying an additional 4,543 shares during the period. US Bancorp DE boosted its position in Rubrik by 80.3% during the 1st quarter. US Bancorp DE now owns 35,245 shares of the company’s stock worth $2,149,000 after acquiring an additional 15,698 shares during the period. PNC Financial Services Group Inc. purchased a new position in Rubrik during the 1st quarter valued at about $30,000. Atria Wealth Solutions Inc. increased its holdings in shares of Rubrik by 15.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 25,500 shares of the company’s stock valued at $1,555,000 after purchasing an additional 3,500 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Rubrik by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company’s stock valued at $423,512,000 after purchasing an additional 616,917 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Company 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.