Rubrik (NYSE:RBRK) Releases Q1 Earnings Guidance

Rubrik (NYSE:RBRK) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $(0.33)-$(0.31) for the period, compared to the consensus earnings per share estimate of ($0.40). The company issued revenue guidance of $259-$261 million, compared to the consensus revenue estimate of $242.43 million. Rubrik also updated its FY 2026 guidance to -1.230–1.130 EPS.

Rubrik Trading Down 3.4 %

Rubrik stock traded down $1.92 during midday trading on Thursday, hitting $55.19. The stock had a trading volume of 2,475,331 shares, compared to its average volume of 2,038,486. Rubrik has a 52-week low of $28.34 and a 52-week high of $80.00. The firm’s fifty day moving average is $68.42 and its two-hundred day moving average is $53.26.

Wall Street Analysts Forecast Growth

RBRK has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Piper Sandler boosted their price objective on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Robert W. Baird cut their target price on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday. KeyCorp boosted their price target on Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Mizuho upped their price target on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $66.72.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $68.03, for a total value of $122,454.00. Following the sale, the chief financial officer now directly owns 343,774 shares in the company, valued at approximately $23,386,945.22. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Arvind Nithrakashyap sold 32,484 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $61.59, for a total value of $2,000,689.56. Following the transaction, the chief technology officer now owns 219,279 shares of the company’s stock, valued at approximately $13,505,393.61. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 625,712 shares of company stock worth $41,583,311 over the last ninety days.

Rubrik Company Profile

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.