Rubrik, Inc. (NYSE:RBRK) Receives $93.00 Average Price Target from Brokerages

Rubrik, Inc. (NYSE:RBRK) has received a consensus recommendation of “Moderate Buy” from the twenty-nine brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and twenty-eight have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $93.00.

RBRK has been the topic of a number of research reports. BMO Capital Markets increased their price objective on shares of Rubrik from $73.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. UBS Group reissued a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Citigroup increased their price objective on shares of Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Finally, BTIG Research reissued a “buy” rating and issued a $91.00 price objective on shares of Rubrik in a research note on Thursday.

Rubrik Trading Down 4.5%

Shares of NYSE RBRK opened at $68.24 on Tuesday. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of -47.06 and a beta of 1.10. Rubrik has a 52 week low of $42.25 and a 52 week high of $99.75. The company’s 50-day moving average price is $61.15 and its 200 day moving average price is $62.69.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. Rubrik’s revenue was up 39.0% on a year-over-year basis. During the same period in the previous year, the company posted ($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. As a group, research analysts expect that Rubrik will post -1.16 earnings per share for the current year.

Insider Activity

In other news, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $80.73, for a total transaction of $58,206.33. Following the completion of the sale, the director directly owned 2,326 shares in the company, valued at $187,777.98. The trade was a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of Rubrik stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the sale, the chief financial officer owned 549,901 shares of the company’s stock, valued at approximately $28,424,382.69. This trade represents a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 398,939 shares of company stock valued at $27,628,167. 13.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Essential Partners LLC grew its holdings in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after buying an additional 284 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Rubrik during the first quarter worth about $506,000. Smith Group Asset Management LLC purchased a new stake in shares of Rubrik during the first quarter worth about $617,000. ADAR1 Capital Management LLC purchased a new stake in shares of Rubrik during the first quarter worth about $240,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Rubrik during the first quarter worth about $46,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Wedbush reaffirmed its outperform rating and said Rubrik’s new AI-driven products from its Forward Conference support a bullish long-term thesis. Rubrik’s new AI-driven products keeps Wedbush bullish
• Positive Sentiment: DA Davidson reiterated buy and lifted its price target to $90 from $70 after Rubrik’s analyst/investor day, signaling confidence in the company’s growth and strategy. Rubrik, Inc. (RBRK) Analyst/Investor Day Transcript
• Positive Sentiment: BTIG Research also reiterated buy and set a $91 target, while Baird raised its target to $110 and kept an outperform rating, reinforcing analyst optimism after the company’s recent event.
• Positive Sentiment: Rubrik unveiled an autonomous business recovery tool for cloud applications and new control/recovery tools for Anthropic’s Claude AI agents, highlighting product innovation in cyber resilience and AI. Rubrik Unveils Autonomous Business Recovery Tool Designed For Cloud Applications
• Neutral Sentiment: Zacks highlighted Rubrik as a strong momentum stock, which may support investor sentiment but does not materially change fundamentals. Here’s Why Rubrik, Inc. (RBRK) is a Strong Momentum Stock
• Negative Sentiment: One recent article questioned whether Rubrik’s growth story can justify its premium valuation, a reminder that expectations are already elevated. Can Rubrik’s Growth Story Support Its Premium Valuation?

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).