Rubrik (NYSE:RBRK) Trading Down 6.7% – Here’s What Happened

Rubrik, Inc. (NYSE:RBRK) shares traded down 6.7% during mid-day trading on Tuesday . The stock traded as low as $62.60 and last traded at $63.7460. 2,213,730 shares changed hands during trading, a decline of 23% from the average session volume of 2,869,271 shares. The stock had previously closed at $68.32.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RBRK shares. Guggenheim set a $110.00 price target on Rubrik in a report on Friday, December 5th. Wedbush reiterated an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a report on Friday, December 5th. Rosenblatt Securities increased their target price on Rubrik from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, December 5th. William Blair upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating in a research note on Friday, December 5th. Finally, Piper Sandler dropped their price objective on shares of Rubrik from $118.00 to $99.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Twenty-one research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.18.

Rubrik Price Performance

The company has a 50-day simple moving average of $73.89 and a 200-day simple moving average of $79.57. The firm has a market cap of $12.52 billion, a PE ratio of -32.16 and a beta of 0.27.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million for the quarter, compared to analysts’ expectations of $320.19 million. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same period last year, the business posted ($0.21) EPS. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. As a group, equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $67.66, for a total transaction of $1,353,200.00. Following the sale, the chief financial officer directly owned 489,959 shares in the company, valued at $33,150,625.94. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Arvind Nithrakashyap sold 4,648 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $70.40, for a total value of $327,219.20. Following the completion of the transaction, the chief technology officer directly owned 337,010 shares of the company’s stock, valued at $23,725,504. The trade was a 1.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 249,396 shares of company stock worth $19,381,819 over the last ninety days. 32.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rubrik

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 150 shares during the period. CI Investments Inc. boosted its stake in shares of Rubrik by 31.7% in the third quarter. CI Investments Inc. now owns 859 shares of the company’s stock valued at $71,000 after purchasing an additional 207 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Rubrik by 24.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock valued at $94,000 after purchasing an additional 224 shares in the last quarter. Creative Planning grew its holdings in shares of Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Rubrik by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 588 shares of the company’s stock worth $53,000 after buying an additional 239 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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).