Rubrik (NYSE:RBRK) Price Target Raised to $100.00 at KeyCorp

Rubrik (NYSE:RBRK) had its price objective raised by equities research analysts at KeyCorp from $88.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 24.66% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Mizuho lifted their price objective on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Guggenheim reaffirmed a “buy” rating on shares of Rubrik in a report on Friday, June 5th. Rosenblatt Securities reiterated a “buy” rating and set a $90.00 price target on shares of Rubrik in a research report on Monday, June 1st. Oppenheimer boosted their price objective on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Finally, UBS Group restated a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.96.

Rubrik Price Performance

NYSE RBRK opened at $80.22 on Thursday. Rubrik has a 1 year low of $42.25 and a 1 year high of $99.75. The stock has a market capitalization of $16.51 billion, a PE ratio of -55.32 and a beta of 1.10. The company’s 50 day simple moving average is $73.22 and its two-hundred day simple moving average is $62.79.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter last year, the firm earned ($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. On average, research analysts anticipate that Rubrik will post -1.16 EPS for the current year.

Insider Transactions at Rubrik

In related news, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $81.57, for a total value of $58,811.97. Following the completion of the transaction, the director directly owned 4,638 shares of the company’s stock, valued at $378,321.66. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total transaction of $909,150.00. Following the completion of the sale, the director owned 8,362 shares of the company’s stock, valued at $691,119.30. This trade represents a 56.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 291,321 shares of company stock worth $24,074,426 in the last three months. Corporate insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp lifted its stake in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Rubrik in the third quarter worth $34,000. Triumph Capital Management bought a new position in Rubrik in the fourth quarter worth $33,000. Los Angeles Capital Management LLC bought a new position in Rubrik in the fourth quarter worth $35,000. Finally, Advocate Investing Services LLC purchased a new position in Rubrik during the fourth quarter valued at $38,000. Hedge funds and other institutional investors 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).