Rubrik (NYSE:RBRK) Hits New 1-Year High – What’s Next?

Rubrik, Inc. (NYSE:RBRK)’s stock price hit a new 52-week high on Friday. The stock traded as high as $128.32 and last traded at $127.9920, with a volume of 1,231,586 shares traded. The stock had previously closed at $120.75.

Analysts Set New Price Targets

A number of research firms have issued reports on RBRK. Cantor Fitzgerald reissued an “overweight” rating and set a $120.00 price target on shares of Rubrik in a research report on Friday, August 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a report on Monday, September 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. Wolfe Research reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a report on Friday, August 28th. Finally, Loop Capital started coverage on Rubrik in a research report on Monday, August 3rd. They set a “buy” rating and a $100.00 price target on the stock. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.56.

Rubrik Trading Up 7.1%

The stock has a market capitalization of $26.81 billion, a PE ratio of -102.11 and a beta of 1.12. The firm’s fifty day moving average price is $106.55 and its two-hundred day moving average price is $83.03.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same quarter in the prior year, the business posted ($0.03) EPS. The firm’s quarterly revenue was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, sell-side analysts anticipate that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $124.14, for a total value of $1,591,474.80. Following the completion of the transaction, the chief technology officer owned 272,538 shares in the company, valued at $33,832,867.32. The trade was a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $119.00, for a total value of $85,799.00. Following the completion of the transaction, the director directly owned 2,988 shares of the company’s stock, valued at $355,572. The trade was a 19.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 139,583 shares of company stock valued at $13,515,814 over the last quarter. Insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

A number of institutional investors have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA raised its position in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares during the period. Congress Asset Management Co. grew its position in shares of Rubrik by 32.6% in the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock valued at $81,909,000 after purchasing an additional 175,866 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Rubrik by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock valued at $22,514,000 after purchasing an additional 28,056 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Rubrik by 17.4% in the first quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock valued at $34,249,000 after purchasing an additional 103,538 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Rubrik by 36.6% during the first quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock worth $4,262,000 after purchasing an additional 23,320 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.