Rubrik (NYSE:RBRK) Price Target Lowered to $105.00 at BMO Capital Markets

Rubrik (NYSE:RBRK) had its target price cut by BMO Capital Markets from $110.00 to $105.00 in a research note issued to investors on Friday, Marketbeat reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 49.10% from the stock’s current price.

Other research analysts have also issued reports about the stock. William Blair upgraded shares of Rubrik to an “outperform” rating in a research report on Friday. Piper Sandler restated an “overweight” rating on shares of Rubrik in a report on Friday. Barclays lifted their price objective on Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Rosenblatt Securities upped their target price on Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Mizuho raised Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 price target for the company in a research note on Monday, November 17th. Nineteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.31.

Rubrik Stock Down 1.4%

Shares of Rubrik stock opened at $70.42 on Friday. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of -30.10 and a beta of 0.32. Rubrik has a 52-week low of $47.35 and a 52-week high of $103.00. The company’s 50-day simple moving average is $75.38 and its 200-day simple moving average is $83.64.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. During the same quarter last year, the firm earned ($0.21) earnings per share. The firm’s quarterly revenue was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Equities research analysts anticipate that Rubrik will post -7.66 EPS for the current year.

Insider Activity at Rubrik

In related news, CTO Arvind Nithrakashyap sold 40,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the completion of the transaction, the chief technology officer owned 333,528 shares of the company’s stock, valued at approximately $24,751,112.88. This represents a 10.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian K. Mccarthy sold 10,000 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $75.90, for a total transaction of $759,000.00. Following the transaction, the insider directly owned 349,319 shares in the company, valued at approximately $26,513,312.10. This represents a 2.78% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 115,966 shares of company stock valued at $8,777,876. Insiders own 32.38% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently bought and sold shares of the business. Allworth Financial LP increased its position in shares of Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after acquiring an additional 268 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in Rubrik during the 2nd quarter worth $27,000. Bogart Wealth LLC grew its stake in Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after purchasing an additional 243 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in Rubrik during the second quarter valued at approximately $29,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.