DA Davidson Upgrades Rubrik (NYSE:RBRK) to “Strong-Buy”

Rubrik (NYSE:RBRK) was upgraded by equities researchers at DA Davidson to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

RBRK has been the subject of a number of other research reports. Berenberg Bank started coverage on shares of Rubrik in a report on Tuesday, November 18th. They issued a “buy” rating and a $114.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a research report on Friday, December 5th. Stephens assumed coverage on shares of Rubrik in a research note on Monday, December 29th. They issued an “overweight” rating and a $105.00 price target for the company. Oppenheimer started coverage on Rubrik in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Finally, Rosenblatt Securities lifted their target price on Rubrik from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and an average price target of $104.74.

Rubrik Trading Up 8.0%

RBRK stock opened at $51.06 on Monday. The business’s fifty day moving average price is $65.00 and its 200 day moving average price is $74.53. Rubrik has a 12-month low of $46.36 and a 12-month high of $103.00. The company has a market capitalization of $10.22 billion, a PE ratio of -26.19 and a beta of 0.31.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $350.17 million for the quarter, compared to analysts’ expectations of $320.19 million. The business’s revenue was up 48.3% compared to the same quarter last year. During the same quarter last year, the business 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. Research analysts predict that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Activity

In related news, CTO Arvind Nithrakashyap sold 4,648 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $70.40, for a total transaction of $327,219.20. Following the completion of the transaction, the chief technology officer owned 337,010 shares in the company, valued at approximately $23,725,504. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $54.17, for a total value of $1,083,400.00. Following the completion of the sale, the chief financial officer owned 474,959 shares in the company, valued at approximately $25,728,529.03. This represents a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,887 shares of company stock valued at $19,276,805 in the last 90 days. Company insiders own 32.38% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in RBRK. Allworth Financial LP boosted its holdings in Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after purchasing an additional 268 shares in the last quarter. Bogart Wealth LLC raised its holdings in Rubrik by 352.2% during the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after purchasing an additional 243 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after buying an additional 340 shares during the last quarter. Financial Life Planners acquired a new position in shares of Rubrik in the 3rd quarter valued at $31,000. Finally, Atlantic Union Bankshares Corp grew its position in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).