Rubrik (NYSE:RBRK) Price Target Raised to $135.00

Rubrik (NYSE:RBRK) had its price target increased by Truist Financial from $90.00 to $135.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on RBRK. Piper Sandler reissued an “overweight” rating and set a $91.00 price target (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Rubrik in a report on Friday, June 26th. BTIG Research reaffirmed a “buy” rating and set a $91.00 target price on shares of Rubrik in a research note on Thursday, June 11th. Citigroup raised their target price on shares of Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a report on Wednesday. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.00.

Rubrik Trading Up 2.4%

RBRK opened at $99.82 on Wednesday. The company has a market cap of $20.55 billion, a price-to-earnings ratio of -68.84 and a beta of 1.17. The stock has a fifty day simple moving average of $82.17 and a two-hundred day simple moving average of $65.82. Rubrik has a 12-month low of $42.25 and a 12-month high of $106.50.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, analysts predict that Rubrik will post -1.13 EPS for the current year.

Insider Transactions at Rubrik

In related news, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total transaction of $909,150.00. Following the sale, the director directly owned 8,362 shares of the company’s stock, valued at approximately $691,119.30. This represents a 56.81% decrease in their position. 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 Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the sale, the director owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. This represents a 3.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 317,682 shares of company stock valued at $26,402,176 in the last quarter. 13.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after buying an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Creative Planning lifted its position in Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after acquiring an additional 236 shares in the last quarter. Moors & Cabot Inc. lifted its position in Rubrik by 9.2% in the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after acquiring an additional 282 shares in the last quarter. Finally, Essential Partners LLC boosted its stake in Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

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).