Rubrik (NYSE:RBRK) Shares Up 6.6% – Here’s What Happened

Rubrik, Inc. (NYSE:RBRK) shares traded up 6.6% on Monday . The stock traded as high as $94.66 and last traded at $95.9890. Approximately 341,332 shares changed hands during trading, a decline of 91% from the average session volume of 3,726,902 shares. The stock had previously closed at $90.07.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $90.00 target price on shares of Rubrik in a research report on Thursday, June 11th. Wolfe Research reiterated an “outperform” rating and issued a $95.00 price target on shares of Rubrik in a research report on Friday, June 5th. DA Davidson restated a “buy” rating and set a $90.00 price objective (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. Guggenheim reaffirmed a “buy” rating on shares of Rubrik in a research note on Friday, June 5th. Finally, Mizuho raised their target price on shares of Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.20.

Rubrik Stock Performance

The stock has a market capitalization of $19.98 billion, a PE ratio of -66.95 and a beta of 1.17. The firm has a 50 day moving average of $77.79 and a 200-day moving average of $63.72.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. The company’s revenue was up 39.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) EPS. 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 predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Insider Activity at Rubrik

In other Rubrik news, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $71.49, for a total value of $284,458.71. Following the transaction, the director owned 113,477 shares in the company, valued at approximately $8,112,470.73. This represents a 3.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the sale, the chief technology officer owned 314,048 shares of the company’s stock, valued at approximately $26,467,965.44. The trade was a 38.84% 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 three months, insiders have sold 317,682 shares of company stock valued at $26,402,176. Corporate insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Institutional investors have recently bought and sold shares of the company. Atlantic Union Bankshares Corp increased its holdings in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Rubrik in the third quarter valued at approximately $34,000. Triumph Capital Management bought a new stake in Rubrik in the fourth quarter worth approximately $33,000. Los Angeles Capital Management LLC bought a new stake in Rubrik in the fourth quarter worth approximately $35,000. Finally, Advocate Investing Services LLC acquired a new position in shares of Rubrik during the 4th quarter worth $38,000. 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).