KeyCorp Forecasts Rubrik’s Q3 Earnings (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) – Equities researchers at KeyCorp issued their Q3 2027 earnings per share (EPS) estimates for shares of Rubrik in a note issued to investors on Monday, January 12th. KeyCorp analyst E. Heath anticipates that the company will earn ($0.35) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $95.00 target price on the stock. The consensus estimate for Rubrik’s current full-year earnings is ($7.66) per share.

RBRK has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rubrik in a report on Friday, December 5th. Stephens assumed coverage on Rubrik in a research report on Monday, December 29th. They issued an “overweight” rating and a $105.00 target price on the stock. Piper Sandler dropped their price objective on Rubrik from $118.00 to $99.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Wedbush reiterated an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a research note on Friday, December 5th. Finally, William Blair raised shares of Rubrik from a “market perform” rating to an “outperform” rating in a research report on Friday, December 5th. 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, Rubrik currently has an average rating of “Moderate Buy” and a consensus target price of $112.18.

Rubrik Stock Performance

RBRK opened at $68.99 on Thursday. The company has a fifty day moving average price of $74.90 and a two-hundred day moving average price of $80.83. The firm has a market capitalization of $13.81 billion, a PE ratio of -35.41 and a beta of 0.27. Rubrik has a 52 week low of $47.35 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. The firm had revenue of $350.17 million for the quarter, compared to analyst estimates of $320.19 million. The business’s quarterly revenue was up 48.3% on a year-over-year basis. During the same period in the previous 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.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 31,450 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $76.19, for a total value of $2,396,175.50. Following the sale, the chief technology officer directly owned 342,703 shares of the company’s stock, valued at $26,110,541.57. The trade was a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $73.84, for a total transaction of $812,240.00. Following the sale, the director owned 2,702 shares of the company’s stock, valued at approximately $199,515.68. This represents a 80.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 223,703 shares of company stock worth $17,628,197. 32.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Rubrik by 73.1% in the second quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after buying an additional 5,077,513 shares during the last quarter. Norges Bank purchased a new stake in Rubrik in the second quarter valued at $219,132,000. First Trust Advisors LP raised its position in Rubrik by 44.8% during the second quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock valued at $399,814,000 after acquiring an additional 1,380,941 shares in the last quarter. Acadian Asset Management LLC boosted its position in Rubrik by 388.7% during the second quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock worth $139,309,000 after purchasing an additional 1,237,014 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Rubrik by 101.8% during the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after buying an additional 1,229,476 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).