Rubrik (NYSE:RBRK) Receives “Overweight” Rating from Stephens

Rubrik (NYSE:RBRK)‘s stock had its “overweight” rating reissued by research analysts at Stephens in a note issued to investors on Monday,Benzinga reports. They currently have a $90.00 price objective on the stock. Stephens’ price target points to a potential upside of 31.17% from the company’s current price.

RBRK has been the topic of several other research reports. KeyCorp raised their target price on Rubrik from $70.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Rosenblatt Securities reissued a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Monday, June 1st. Barclays raised their price objective on Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Wolfe Research reaffirmed an “outperform” rating and set a $95.00 target price on shares of Rubrik in a research note on Friday, June 5th. Finally, Mizuho increased their target price on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Rubrik Stock Performance

Shares of RBRK stock traded up $0.42 on Monday, reaching $68.61. 602,078 shares of the company were exchanged, compared to its average volume of 3,937,484. Rubrik has a 1 year low of $42.25 and a 1 year high of $99.75. The business has a 50-day moving average price of $61.15 and a 200 day moving average price of $62.66. The company has a market cap of $14.12 billion, a price-to-earnings ratio of -47.13 and a beta of 1.09.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the prior year, the business posted ($0.15) earnings per share. The company’s quarterly revenue 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. As a group, equities analysts anticipate that Rubrik will post -1.16 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $80.73, for a total transaction of $58,206.33. Following the transaction, the director owned 2,326 shares in the company, valued at approximately $187,777.98. This trade represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the transaction, the chief financial officer directly owned 549,901 shares in the company, valued at approximately $28,424,382.69. The trade was a 3.51% 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. Insiders sold a total of 398,939 shares of company stock worth $27,628,167 in the last three months. Company insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Several institutional investors have recently added to or reduced their stakes in RBRK. Norges Bank purchased a new position in shares of Rubrik in the 4th quarter valued at approximately $345,907,000. ARK Investment Management LLC raised its stake in shares of Rubrik by 21.1% during the third quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock worth $26,247,000 after purchasing an additional 55,500 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after purchasing an additional 151,234 shares during the period. Citigroup Inc. grew its position in Rubrik by 210.2% in the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock valued at $8,557,000 after buying an additional 70,504 shares during the last quarter. Finally, LGT Fund Management Co Ltd. purchased a new position in Rubrik in the 3rd quarter valued at $3,421,000. 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).