Robert W. Baird Issues Positive Forecast for Rubrik (NYSE:RBRK) Stock Price

Rubrik (NYSE:RBRK) had its target price upped by Robert W. Baird from $120.00 to $130.00 in a report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

RBRK has been the topic of several other reports. Piper Sandler reissued an “overweight” rating and issued a $118.00 target price (up from $115.00) on shares of Rubrik in a report on Friday. Rosenblatt Securities boosted their price objective on Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Oppenheimer assumed coverage on Rubrik in a report on Monday, November 17th. They set a “market perform” rating on the stock. CIBC lifted their price target on Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a report on Thursday, September 11th. Finally, Mizuho upgraded shares of Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 price target on the stock in a research report on Monday, November 17th. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $113.06.

Rubrik Stock Performance

RBRK opened at $86.36 on Friday. The firm has a market cap of $17.05 billion, a price-to-earnings ratio of -44.29 and a beta of 0.32. The firm’s 50-day simple moving average is $75.46 and its 200-day simple moving average is $83.64. Rubrik has a twelve month low of $47.35 and a twelve month high of $103.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.26. The firm had revenue of $350.17 million for the quarter, compared to the consensus estimate 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 in the prior year, the business earned ($0.21) earnings per share. 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, sell-side analysts anticipate that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 6,599 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $489,711.79. Following the transaction, the chief financial officer directly owned 516,184 shares in the company, valued at approximately $38,306,014.64. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total transaction of $745,584.84. Following the sale, the director owned 998 shares of the company’s stock, valued at approximately $82,594.48. This represents a 90.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,966 shares of company stock worth $8,777,876 in the last ninety days. 32.38% of the stock is currently owned by insiders.

Institutional Trading of Rubrik

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Rubrik by 73.1% in the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after purchasing an additional 5,077,513 shares during the period. Norges Bank bought a new stake in Rubrik in the second quarter valued at about $219,132,000. First Trust Advisors LP increased its holdings in Rubrik by 44.8% in the second quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock valued at $399,814,000 after purchasing an additional 1,380,941 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Rubrik by 388.7% in the second quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock valued at $139,309,000 after buying an additional 1,237,014 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Rubrik by 101.8% during the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after buying an additional 1,229,476 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

About Rubrik

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.