Rubrik, Inc. (NYSE:RBRK) Stock Rated “Moderate Buy” by Sell-Side Analysts

Rubrik, Inc. (NYSE:RBRK) has been assigned a consensus rating of “Moderate Buy” from the thirty-one brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and thirty have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $118.50.

A number of research firms have issued reports on RBRK. Wolfe Research reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a research report on Friday, August 28th. Stephens reiterated an “overweight” rating on shares of Rubrik in a research note on Friday, August 28th. Rosenblatt Securities boosted their price objective on Rubrik from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research note on Monday, August 31st. Finally, Morgan Stanley assumed coverage on shares of Rubrik in a report on Thursday, October 29th. They issued an “overweight” rating and a $155.00 target price on the stock.

Insiders Place Their Bets

In other Rubrik news, Director John Thompson sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the completion of the transaction, the director owned 8,362 shares in the company, valued at $967,399.78. The trade was a 56.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $26,516,620.13. This represents a 4.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 139,583 shares of company stock worth $15,125,212 in the last 90 days. Corporate insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Rubrik by 48.8% in the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock valued at $58,744,000 after purchasing an additional 240,062 shares during the last quarter. Congress Asset Management Co. raised its holdings in Rubrik by 32.6% during the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after purchasing an additional 175,866 shares in the last quarter. Amundi raised its holdings 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 purchasing an additional 459,314 shares in the last quarter. CI Investments Inc. purchased a new stake in shares of Rubrik during the 1st quarter worth approximately $19,815,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Rubrik during the 3rd quarter worth approximately $43,480,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Trading Up 1.2%

Rubrik stock opened at $110.58 on Friday. The firm has a market capitalization of $22.92 billion, a P/E ratio of -87.76 and a beta of 1.08. Rubrik has a twelve month low of $42.25 and a twelve month high of $139.92. The stock’s fifty day simple moving average is $113.39 and its 200-day simple moving average is $78.76.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. During the same quarter last year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Sell-side analysts predict that Rubrik will post -1.19 earnings per share for the current year.

Rubrik Company Profile

Rubrik, Inc. is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents. The company’s Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.