Rubrik (NYSE:RBRK) Sets New 52-Week Low – Time to Sell?

Rubrik, Inc. (NYSE:RBRK) hit a new 52-week low during trading on Thursday . The company traded as low as $46.00 and last traded at $48.34, with a volume of 180130 shares trading hands. The stock had previously closed at $47.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $84.00 price target (down from $99.00) on shares of Rubrik in a report on Friday, March 13th. The Goldman Sachs Group reduced their price objective on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a report on Monday, February 9th. William Blair raised shares of Rubrik from a “market perform” rating to an “outperform” rating in a research note on Friday, December 5th. Robert W. Baird dropped their price target on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.10.

Rubrik Stock Up 0.9%

The company’s fifty day moving average price is $55.62 and its two-hundred day moving average price is $69.59. The company has a market cap of $9.53 billion, a price-to-earnings ratio of -26.87 and a beta of 0.45.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analyst estimates of $342.43 million. The firm’s revenue was up 46.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Brian K. Mccarthy sold 10,000 shares of Rubrik stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $70.88, for a total value of $708,800.00. Following the completion of the transaction, the insider directly owned 330,772 shares of the company’s stock, valued at $23,445,119.36. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $53.62, for a total transaction of $589,820.00. Following the transaction, the director owned 4,653 shares in the company, valued at approximately $249,493.86. This trade represents a 70.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 99,693 shares of company stock worth $6,279,571 in the last three months. Company insiders own 32.38% of the company’s stock.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of RBRK. Bogart Wealth LLC lifted its holdings in Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after buying an additional 243 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares during the last quarter. Financial Life Planners acquired a new position in shares of Rubrik during the third quarter valued at $31,000. Guerra Advisors Inc acquired a new position in shares of Rubrik during the third quarter valued at $33,000. Finally, Atlantic Union Bankshares Corp boosted its holdings in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).