Rubrik (NYSE:RBRK) Price Target Raised to $125.00

Rubrik (NYSE:RBRK) had its target price upped by Mizuho from $112.00 to $125.00 in a report issued on Thursday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

RBRK has been the subject of several other research reports. BMO Capital Markets upped their price target on shares of Rubrik from $98.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Oppenheimer set a $120.00 price objective on shares of Rubrik in a report on Thursday, August 20th. Citigroup boosted their target price on shares of Rubrik from $96.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $120.00 target price on shares of Rubrik in a report on Friday, August 28th. Finally, Yorkville Ives assumed coverage on shares of Rubrik in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $145.00 price target on the stock. Thirty investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.50.

Rubrik Stock Performance

Shares of RBRK stock traded down $0.74 on Thursday, reaching $109.64. The stock had a trading volume of 1,755,699 shares, compared to its average volume of 3,048,894. Rubrik has a 1 year low of $42.25 and a 1 year high of $139.92. The stock has a market cap of $22.73 billion, a P/E ratio of -87.01 and a beta of 1.08. The company has a 50 day simple moving average of $113.74 and a 200 day simple moving average of $78.99.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. During the same quarter last year, the company posted ($0.03) EPS. The firm’s 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. On average, equities research analysts anticipate that Rubrik will post -1.19 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In related news, CFO Kiran Choudary sold 10,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.32, for a total value of $983,200.00. Following the completion of the sale, the chief financial officer directly owned 978,073 shares of the company’s stock, valued at approximately $96,164,137.36. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Thompson sold 11,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the completion of the sale, the director directly owned 8,362 shares of the company’s stock, valued at $967,399.78. This represents a 56.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 139,583 shares of company stock worth $15,125,212. 13.66% of the stock is owned by company insiders.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the company. Congress Asset Management Co. boosted its holdings in Rubrik by 32.6% in the 3rd quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after buying an additional 175,866 shares during the period. Wellington Management Group LLP raised its holdings in Rubrik by 48.8% during the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock valued at $58,744,000 after acquiring an additional 240,062 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Rubrik during the third quarter valued at about $43,480,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Rubrik by 4.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 294,291 shares of the company’s stock valued at $33,687,000 after acquiring an additional 12,093 shares during the period. Finally, Amundi lifted its position in shares of Rubrik by 449.5% in the first quarter. Amundi now owns 561,496 shares of the company’s stock valued at $27,496,000 after acquiring an additional 459,314 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Company Profile

Rubrik, Inc. is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents. The company’s Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.