DA Davidson Reaffirms “Buy” Rating for Rubrik (NYSE:RBRK)

Rubrik (NYSE:RBRK)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a report released on Thursday,Benzinga reports. They currently have a $90.00 target price on the stock. DA Davidson’s price target suggests a potential upside of 26.18% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Mizuho lifted their target price on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Oppenheimer boosted their target price on shares of Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Barclays lifted their target price on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a report on Monday, June 1st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $90.00 price objective on shares of Rubrik in a report on Monday, June 1st. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $93.00.

Rubrik Stock Down 0.6%

Shares of RBRK stock opened at $71.33 on Thursday. The stock has a market capitalization of $14.43 billion, a P/E ratio of -49.19 and a beta of 1.10. The stock has a 50-day simple moving average of $60.31 and a 200 day simple moving average of $62.62. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $99.75.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. The business’s revenue was up 39.0% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, sell-side analysts anticipate that Rubrik will post -1.42 earnings per share for the current year.

Insiders Place Their Bets

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $80.73, for a total value of $58,206.33. Following the transaction, the director directly owned 2,326 shares in the company, valued at approximately $187,777.98. This trade represents a 23.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.51, for a total value of $211,275.00. Following the sale, the director owned 15,000 shares of the company’s stock, valued at approximately $1,267,650. The trade was a 14.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 398,939 shares of company stock valued at $27,628,167. Company insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC grew its position in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after buying an additional 284 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after acquiring an additional 340 shares during the last quarter. Financial Life Planners acquired a new stake in Rubrik during the 3rd quarter worth $31,000. Atlantic Union Bankshares Corp lifted its stake 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 purchasing an additional 200 shares during the period. Finally, Triumph Capital Management bought a new position in Rubrik during the fourth quarter worth about $33,000. 49.54% of the stock is owned by institutional investors.

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).