Piper Sandler Cuts Rubrik (NYSE:RBRK) Price Target to $99.00

Rubrik (NYSE:RBRK) had its price objective reduced by Piper Sandler from $118.00 to $99.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently weighed in on RBRK. BMO Capital Markets dropped their target price on Rubrik from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Cantor Fitzgerald lowered their price target on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. William Blair upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating in a research note on Friday, December 5th. Barclays increased their target price on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Finally, Citigroup lowered their target price on shares of Rubrik from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Twenty-one investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.24.

Rubrik Stock Up 2.3%

Rubrik stock opened at $76.87 on Monday. The company’s 50-day moving average price is $75.20 and its two-hundred day moving average price is $81.51. The stock has a market cap of $15.39 billion, a P/E ratio of -39.42 and a beta of 0.27. Rubrik has a twelve month low of $47.35 and a twelve month high of $103.00.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.26. The firm had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. Rubrik’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities analysts anticipate that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, CFO Kiran Kumar Choudary sold 6,779 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $76.18, for a total transaction of $516,424.22. Following the completion of the transaction, the chief financial officer directly owned 507,959 shares in the company, valued at $38,696,316.62. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $83.03, for a total value of $830,300.00. Following the sale, the insider owned 359,319 shares of the company’s stock, valued at $29,834,256.57. The trade was a 2.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 223,703 shares of company stock valued at $17,762,227 over the last three months. 32.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in shares of Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after purchasing an additional 268 shares during the last quarter. Bogart Wealth LLC boosted its position in Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after buying an additional 243 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in Rubrik in the second quarter valued at approximately $27,000. Beacon Capital Management LLC bought a new stake in shares of Rubrik during the second quarter worth $29,000. Finally, EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 340 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

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).