Rubrik (NYSE:RBRK) Posts Earnings Results, Beats Estimates By $0.19 EPS

Rubrik (NYSE:RBRK) posted its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19, FiscalAI reports. The company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. Rubrik updated its FY 2027 guidance to 0.250-0.350 EPS and its Q2 2027 guidance to 0.030-0.050 EPS.

Rubrik Price Performance

Shares of NYSE:RBRK traded down $2.44 during trading on Thursday, reaching $77.02. 8,072,861 shares of the stock were exchanged, compared to its average volume of 3,877,922. Rubrik has a 1-year low of $42.25 and a 1-year high of $103.00. The stock has a fifty day moving average of $57.70 and a two-hundred day moving average of $62.50. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of -43.52 and a beta of 1.10.

More Rubrik News

Here are the key news stories impacting Rubrik this week:

• Negative Sentiment: CTO Arvind Nithrakashyap disclosed two large share sales totaling more than 212,000 shares in early June, which can weigh on sentiment even though both trades were made under a pre-arranged 10b5-1 plan. SEC filing for Arvind Nithrakashyap sale
• Negative Sentiment: Director John Wendell Thompson also sold shares, adding to the perception that insiders may be taking profits after Rubrik’s strong run. SEC filing for John Wendell Thompson sale
• Negative Sentiment: Director Yvonne Wassenaar disclosed another sale, reinforcing the near-term insider-selling overhang on RBRK. SEC filing for Yvonne Wassenaar sale

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wedbush cut their price objective on Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research note on Monday. Piper Sandler reissued an “overweight” rating and issued a $84.00 price target (down from $99.00) on shares of Rubrik in a research note on Friday, March 13th. KeyCorp dropped their price target on Rubrik from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Finally, BTIG Research boosted their price target on Rubrik from $64.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.12.

Insider Activity at Rubrik

In other news, Director Yvonne Wassenaar sold 2,838 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $75.00, for a total transaction of $212,850.00. Following the transaction, the director directly owned 2,326 shares of the company’s stock, valued at $174,450. This represents a 54.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 122,613 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the transaction, the chief financial officer directly owned 564,901 shares in the company, valued at $27,228,228.20. The trade was a 17.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 398,939 shares of company stock valued at $27,628,167 over the last three months. 13.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise bought a new stake in Rubrik during the third quarter worth $34,000. Triumph Capital Management bought a new stake in Rubrik during the fourth quarter worth $33,000. Los Angeles Capital Management LLC bought a new stake in Rubrik during the fourth quarter worth $35,000. Advocate Investing Services LLC bought a new stake in Rubrik during the fourth quarter worth $38,000. Finally, Comerica Bank grew its holdings in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after buying an additional 395 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

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).