Rubrik, Inc. (NYSE:RBRK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Rubrik, Inc. (NYSE:RBRK) have earned a consensus rating of “Moderate Buy” from the twenty-nine brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and twenty-eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $114.4231.

Several research analysts have commented on RBRK shares. Guggenheim increased their price objective on shares of Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. DA Davidson lifted their target price on Rubrik from $90.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Wedbush initiated coverage on Rubrik in a research report on Friday, September 11th. They issued an “outperform” rating and a $120.00 target price on the stock. Truist Financial increased their price target on Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Wolfe Research restated an “outperform” rating and set a $120.00 price target on shares of Rubrik in a report on Friday, August 28th.

Rubrik Price Performance

Shares of RBRK opened at $116.04 on Thursday. The firm has a market cap of $24.05 billion, a P/E ratio of -92.09 and a beta of 1.24. Rubrik has a 1 year low of $42.25 and a 1 year high of $116.12. The company has a 50 day simple moving average of $91.28 and a two-hundred day simple moving average of $73.21.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. Rubrik’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, sell-side analysts anticipate that Rubrik will post -1.19 earnings per share for the current year.

Insider Transactions at Rubrik

In other news, Director John Thompson sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $89.03, for a total transaction of $979,330.00. Following the completion of the transaction, the director directly owned 8,362 shares in the company, valued at approximately $744,468.86. This represents a 56.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 6,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $107.32, for a total transaction of $643,920.00. Following the completion of the transaction, the chief financial officer directly owned 958,078 shares of the company’s stock, valued at approximately $102,820,930.96. This trade represents a 0.62% 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. Insiders sold 147,541 shares of company stock valued at $12,704,112 over the last 90 days. Insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Several institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Rubrik in the 4th quarter worth about $345,907,000. Pictet Asset Management Holding SA lifted its holdings in shares of Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. SG Americas Securities LLC grew its position in Rubrik by 1,284.7% in the first quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company’s stock worth $57,358,000 after acquiring an additional 1,086,697 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Rubrik by 101.0% during the fourth quarter. BNP Paribas Financial Markets now owns 1,192,108 shares of the company’s stock worth $91,172,000 after acquiring an additional 599,000 shares during the last quarter. Finally, Amundi increased its stake in Rubrik by 449.5% during the first quarter. Amundi now owns 561,496 shares of the company’s stock worth $27,496,000 after acquiring an additional 459,314 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.