Rubrik (NYSE:RBRK) Coverage Initiated by Analysts at BTIG Research

BTIG Research assumed coverage on shares of Rubrik (NYSE:RBRK) in a research note issued to investors on Friday,Benzinga reports. The brokerage set a “buy” rating and a $64.00 price target on the stock. BTIG Research’s price target indicates a potential upside of 25.86% from the company’s current price.

RBRK has been the subject of several other research reports. Wedbush cut their price target on shares of Rubrik from $120.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, March 13th. William Blair upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating in a research report on Friday, December 5th. DA Davidson set a $70.00 target price on shares of Rubrik in a research note on Friday, March 13th. Truist Financial reduced their price target on shares of Rubrik from $110.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company decreased their price target on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.10.

Rubrik Trading Down 2.4%

Shares of RBRK stock opened at $50.85 on Friday. The company has a market capitalization of $10.18 billion, a P/E ratio of -28.73 and a beta of 0.45. The business’s 50 day moving average is $57.32 and its two-hundred day moving average is $70.82. Rubrik has a 12-month low of $46.36 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. The firm’s quarterly revenue was up 46.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, research analysts predict that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Rubrik

In related news, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $70.88, for a total transaction of $708,800.00. Following the completion of the sale, the insider owned 330,772 shares of the company’s stock, valued at approximately $23,445,119.36. This represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Arvind Nithrakashyap sold 4,648 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $70.40, for a total transaction of $327,219.20. Following the completion of the sale, the chief technology officer owned 337,010 shares of the company’s stock, valued at approximately $23,725,504. The trade was a 1.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 103,193 shares of company stock valued at $6,556,946 over the last ninety days. 32.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently made changes to their positions in RBRK. Comerica Bank lifted its position in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after buying an additional 395 shares in the last quarter. Royal Bank of Canada grew its holdings in 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 buying an additional 20,471 shares in the last quarter. NewEdge Advisors LLC grew its holdings in 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 buying an additional 300 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 worth $57,343,000 after acquiring an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after acquiring an additional 2,000 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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).