Rubrik’s (RBRK) Buy Rating Reaffirmed at BTIG Research

Rubrik (NYSE:RBRK)‘s stock had its “buy” rating restated by analysts at BTIG Research in a research note issued to investors on Thursday,Benzinga reports. They currently have a $91.00 price target on the stock. BTIG Research’s price objective would indicate a potential upside of 27.58% from the company’s current price.

Other analysts have also issued reports about the company. Oppenheimer lifted their target price on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Robert W. Baird lifted their target price on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday. DA Davidson lifted their target price on Rubrik from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Cantor Fitzgerald lifted their target price on Rubrik from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $95.00 target price on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Rubrik Price Performance

NYSE:RBRK opened at $71.33 on Thursday. The business’s 50-day moving average is $60.31 and its two-hundred day moving average is $62.62. Rubrik has a 12 month low of $42.25 and a 12 month high of $99.75. The firm has a market capitalization of $14.43 billion, a PE ratio of -49.19 and a beta of 1.10.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same period last year, the business earned ($0.15) earnings per share. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts anticipate that Rubrik will post -1.42 EPS for the current year.

Insider Buying and Selling

In other Rubrik news, CFO Kiran Kumar Choudary sold 122,613 shares of Rubrik stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the transaction, the chief financial officer directly owned 564,901 shares in the company, valued at $27,228,228.20. The trade was a 17.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $84.55, for a total value of $930,050.00. Following the completion of the transaction, the director owned 4,653 shares of the company’s stock, valued at approximately $393,411.15. The trade was a 70.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 398,939 shares of company stock valued at $27,628,167 over the last 90 days. 13.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Essential Partners LLC boosted its stake in Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after acquiring an additional 284 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after acquiring an additional 340 shares during the period. Financial Life Planners acquired a new position in shares of Rubrik during the third quarter worth approximately $31,000. Atlantic Union Bankshares Corp boosted its position in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period. Finally, Triumph Capital Management acquired a new position in shares of Rubrik during the fourth quarter worth approximately $33,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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).