Brokerages Set Rubrik, Inc. (NYSE:RBRK) PT at $102.00

Rubrik, Inc. (NYSE:RBRK) has received a consensus rating of “Moderate Buy” from the thirty brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and twenty-nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $103.96.

A number of research analysts have weighed in on RBRK shares. Oppenheimer set a $120.00 price target on shares of Rubrik in a research report on Thursday, August 20th. BMO Capital Markets raised their target price on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. UBS Group reaffirmed a “buy” rating and set a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of Rubrik in a report on Monday, June 15th. Finally, Barclays raised their price objective on Rubrik from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $92.73 on Friday. The business has a 50-day moving average of $83.20 and a two-hundred day moving average of $66.51. The firm has a market capitalization of $19.09 billion, a PE ratio of -63.95 and a beta of 1.17. Rubrik has a 12 month low of $42.25 and a 12 month high of $106.50.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. The business’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same period in the prior 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. As a group, research analysts anticipate that Rubrik will post -1.13 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $293,775. The trade was a 15.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $98.32, for a total value of $983,200.00. Following the transaction, the chief financial officer directly owned 978,073 shares in the company, valued at $96,164,137.36. This trade represents a 1.01% 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. Over the last three months, insiders have sold 327,682 shares of company stock valued at $27,385,376. 13.66% of the stock is owned by insiders.

Institutional Trading of Rubrik

A number of hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp boosted its stake in shares of Rubrik by 100.0% in the fourth 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 during the 3rd quarter worth $34,000. Triumph Capital Management purchased a new stake in Rubrik during the 4th quarter worth $33,000. Los Angeles Capital Management LLC acquired a new position in Rubrik in the 4th quarter worth $35,000. Finally, Advocate Investing Services LLC acquired a new position in Rubrik in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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).