Rubrik (NYSE:RBRK) Price Target Raised to $100.00

Rubrik (NYSE:RBRK) had its price target increased by KeyCorp from $88.00 to $100.00 in a research note released on Thursday, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

RBRK has been the topic of a number of other reports. Mizuho raised their price target on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Piper Sandler reiterated an “overweight” rating and issued a $91.00 price objective (up from $84.00) on shares of Rubrik in a report on Friday, June 5th. Rosenblatt Securities reissued a “buy” rating and set a $90.00 target price on shares of Rubrik in a research report on Monday, June 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Rubrik in a research report on Friday, June 26th. Twenty-eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and a consensus price target of $93.96.

Rubrik Trading Down 1.2%

Shares of NYSE:RBRK opened at $78.84 on Thursday. Rubrik has a 52 week low of $42.25 and a 52 week high of $99.75. The company’s 50 day moving average is $73.92 and its two-hundred day moving average is $62.91. The company has a market cap of $16.23 billion, a PE ratio of -54.37 and a beta of 1.10.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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. Rubrik’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($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, equities research analysts expect that Rubrik will post -1.16 EPS for the current year.

Insider Activity at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97. Following the transaction, the director owned 4,638 shares of the company’s stock, valued at approximately $378,321.66. This trade represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total value of $909,150.00. Following the transaction, the director directly owned 8,362 shares in the company, valued at approximately $691,119.30. The trade was a 56.81% 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 291,321 shares of company stock valued at $24,074,426 over the last quarter. 13.66% of the stock is owned by insiders.

Institutional Trading of Rubrik

A number of large investors have recently made changes to their positions in RBRK. Atlantic Union Bankshares Corp increased its position in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Rubrik in the third quarter valued at approximately $34,000. Triumph Capital Management acquired a new stake in shares of Rubrik in the fourth quarter valued at approximately $33,000. Los Angeles Capital Management LLC acquired a new stake in shares of Rubrik in the fourth quarter valued at approximately $35,000. Finally, Advocate Investing Services LLC purchased a new position in shares of Rubrik during the fourth quarter worth approximately $38,000. 49.54% of the stock is owned by institutional investors and hedge funds.

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).