Rubrik (NYSE:RBRK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Rubrik (NYSE:RBRK) had its price objective upped by analysts at Robert W. Baird from $100.00 to $110.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 54.22% from the stock’s previous close.

Several other brokerages also recently weighed in on RBRK. Rosenblatt Securities restated a “buy” rating and set a $90.00 price target on shares of Rubrik in a report on Monday, June 1st. Wedbush restated an “outperform” rating and set a $90.00 price target on shares of Rubrik in a report on Friday, June 5th. Mizuho upped their price target on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Jefferies Financial Group set a $90.00 price target on Rubrik in a report on Friday, June 5th. Finally, Barclays upped their price target on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.00.

Rubrik Price Performance

Shares of NYSE RBRK opened at $71.33 on Thursday. The stock’s 50-day moving average is $60.31 and its two-hundred day moving average is $62.62. Rubrik has a 1-year low of $42.25 and a 1-year high of $99.75. The company has a market cap of $14.43 billion, a price-to-earnings ratio of -49.19 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its quarterly 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 company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter last year, the company earned ($0.15) EPS. Rubrik’s revenue for the quarter was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities research analysts anticipate that Rubrik will post -1.42 earnings per share for the current fiscal year.

Insider Transactions at Rubrik

In related news, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total value of $1,033,800.00. Following the completion of the sale, the chief financial officer directly owned 549,901 shares of the company’s stock, valued at $28,424,382.69. This represents a 3.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $82.16, for a total value of $1,053,291.20. Following the completion of the sale, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at approximately $25,802,183.68. This trade represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 398,939 shares of company stock valued at $27,628,167 in the last 90 days. Company insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

A number of large investors have recently made changes to their positions in RBRK. Comerica Bank boosted its position in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares during the period. Royal Bank of Canada boosted its position in shares of Rubrik by 231.3% in the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after purchasing an additional 20,471 shares during the period. NewEdge Advisors LLC boosted its position in shares of Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after purchasing an additional 236,181 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after purchasing an additional 2,000 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

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).