Rubrik (NYSE:RBRK) Upgraded to “Strong-Buy” at Stephens

Rubrik (NYSE:RBRK) was upgraded by research analysts at Stephens to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Berenberg Bank began coverage on Rubrik in a research report on Tuesday, November 18th. They set a “buy” rating and a $114.00 price target on the stock. Guggenheim set a $110.00 target price on Rubrik in a research note on Friday, December 5th. KeyCorp lowered their price target on shares of Rubrik from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Friday, December 5th. CIBC upped their price target on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research report on Thursday, September 11th. Finally, Cantor Fitzgerald decreased their price objective on Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.35.

Rubrik Trading Down 0.3%

NYSE:RBRK opened at $77.79 on Monday. Rubrik has a 12 month low of $47.35 and a 12 month high of $103.00. The firm’s 50 day moving average is $75.26 and its 200 day moving average is $82.00. The stock has a market capitalization of $15.57 billion, a PE ratio of -39.89 and a beta of 0.32.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($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. Research analysts predict that Rubrik will post -7.66 earnings per share for the current year.

Insider Activity at Rubrik

In related news, Director John Wendell Thompson sold 9,009 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $68.75, for a total transaction of $619,368.75. Following the completion of the sale, the director directly owned 998 shares in the company, valued at approximately $68,612.50. The trade was a 90.03% 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, Director Ravi Mhatre sold 101,659 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $81.82, for a total transaction of $8,317,739.38. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 210,203 shares of company stock valued at $16,765,312 over the last ninety days. Corporate insiders own 32.38% of the company’s stock.

Institutional Trading of Rubrik

Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after buying an additional 268 shares during the period. Bogart Wealth LLC boosted its stake in shares of Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after acquiring an additional 243 shares during the period. ST Germain D J Co. Inc. purchased a new stake in shares of Rubrik during the second quarter worth about $27,000. Beacon Capital Management LLC purchased a new stake in shares of Rubrik during the second quarter worth about $29,000. Finally, EverSource Wealth Advisors LLC raised its stake in Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares during the period. Institutional investors 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).