Rubrik (NYSE:RBRK) Releases FY 2027 Earnings Guidance

Rubrik (NYSE:RBRK) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.470-0.530 for the period, compared to the consensus EPS estimate of 0.030. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion. Rubrik also updated its Q3 2027 guidance to 0.070-0.090 EPS.

Analysts Set New Price Targets

A number of research firms have commented on RBRK. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. Citigroup raised their price target on shares of Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Guggenheim reissued a “buy” rating on shares of Rubrik in a research report on Monday. Cantor Fitzgerald boosted their price objective on shares of Rubrik from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, Robert W. Baird boosted their price objective on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.56.

Rubrik Stock Up 11.5%

Shares of RBRK traded up $11.04 on Thursday, reaching $107.17. The stock had a trading volume of 7,421,742 shares, compared to its average volume of 3,730,102. The firm has a market capitalization of $22.06 billion, a PE ratio of -73.91 and a beta of 1.17. Rubrik has a twelve month low of $42.25 and a twelve month high of $107.91. The firm has a 50-day moving average of $83.75 and a 200 day moving average of $66.85.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. 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 -1.13 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John Wendell Thompson sold 2,500 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $74.11, for a total value of $185,275.00. Following the completion of the sale, the director owned 10,000 shares in the company, valued at approximately $741,100. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00. Following the transaction, the director directly owned 3,917 shares in the company, valued at approximately $293,775. The trade was a 15.55% 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. In the last 90 days, insiders have sold 327,682 shares of company stock worth $27,385,376. Insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently modified their holdings of RBRK. First Trust Advisors LP increased its stake in Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares in the last quarter. AQR Capital Management LLC acquired a new position in Rubrik during the third quarter worth $97,828,000. State Street Corp grew its position in Rubrik by 139.7% in the second quarter. State Street Corp now owns 1,771,475 shares of the company’s stock valued at $158,706,000 after purchasing an additional 1,032,497 shares in the last quarter. Invesco Ltd. increased its stake in Rubrik by 364.8% in the 3rd quarter. Invesco Ltd. now owns 1,074,025 shares of the company’s stock valued at $88,339,000 after buying an additional 842,939 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Rubrik during the 2nd quarter worth about $61,969,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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).