Brokerages Set Rubrik, Inc. (NYSE:RBRK) Price Target at $93.96

Rubrik, Inc. (NYSE:RBRK) has been assigned an average rating of “Moderate Buy” from the twenty-nine brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and twenty-eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $93.9583.

Several equities research analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Barclays lifted their price objective on shares of Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Piper Sandler reiterated an “overweight” rating and issued a $91.00 price objective (up from $84.00) on shares of Rubrik in a report on Friday, June 5th. Robert W. Baird increased their price objective on shares of Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Finally, KeyCorp raised their target price on shares of Rubrik from $88.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th.

Insider Transactions at Rubrik

In related news, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97. Following the completion of the sale, the director directly owned 4,638 shares of the company’s stock, valued at approximately $378,321.66. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the sale, the director directly owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 277,821 shares of company stock worth $23,325,371. Insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Essential Partners LLC increased its position in Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after acquiring an additional 284 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in 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. Triumph Capital Management bought a new stake in Rubrik in the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise acquired a new position in shares of Rubrik during the 3rd quarter worth approximately $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Rubrik during the 4th quarter worth approximately $35,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

Shares of Rubrik stock opened at $72.31 on Wednesday. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of -49.87 and a beta of 1.10. The stock’s 50-day moving average is $75.93 and its 200-day moving average is $62.80. Rubrik has a one year low of $42.25 and a one year high of $99.75.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. Rubrik’s revenue was up 39.0% compared to the same quarter last year. During the same period in the prior year, the business 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, equities analysts expect that Rubrik will post -1.16 EPS for the current year.

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).