Rubrik (NYSE:RBRK) Hits New 12-Month Low – Here’s Why

Rubrik, Inc. (NYSE:RBRK)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $44.11 and last traded at $43.9510, with a volume of 473881 shares changing hands. The stock had previously closed at $46.18.

Wall Street Analyst Weigh In

RBRK has been the topic of several analyst reports. Cantor Fitzgerald decreased their price target on Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. Rosenblatt Securities lowered their price objective on Rubrik from $120.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Stephens initiated coverage on Rubrik in a research report on Monday, December 29th. They issued an “overweight” rating and a $105.00 price objective for the company. BMO Capital Markets cut their target price on shares of Rubrik from $105.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $84.00 price objective (down from $99.00) on shares of Rubrik in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.10.

Rubrik Stock Performance

The stock has a 50-day moving average price of $52.14 and a two-hundred day moving average price of $67.23. The stock has a market capitalization of $8.72 billion, a PE ratio of -24.35 and a beta of 0.63.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million for the quarter, compared to analysts’ expectations of $342.43 million. The firm’s revenue was up 46.3% on a year-over-year basis. During the same period last year, the company earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, equities analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity at Rubrik

In related news, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the sale, the chief financial officer owned 549,901 shares of the company’s stock, valued at $28,424,382.69. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark D. Mclaughlin acquired 10,638 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The stock was bought at an average cost of $47.21 per share, with a total value of $502,219.98. Following the completion of the transaction, the director directly owned 13,639 shares in the company, valued at $643,897.19. The trade was a 354.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 238,806 shares of company stock valued at $12,620,003 over the last quarter. 32.38% of the stock is owned by corporate insiders.

Institutional Trading of Rubrik

Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after purchasing an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. CI Investments Inc. boosted its stake in Rubrik by 31.7% during the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after purchasing an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Rubrik by 24.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after purchasing an additional 224 shares during the last quarter. Finally, Creative Planning boosted its stake in Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after purchasing an additional 236 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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).