Rubrik (NYSE:RBRK) Updates Q2 2027 Earnings Guidance

Rubrik (NYSE:RBRK) issued an update on its second quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.030-0.050 for the period, compared to the consensus earnings per share estimate of -0.070. The company issued revenue guidance of $395.0 million-$397.0 million, compared to the consensus revenue estimate of $382.6 million. Rubrik also updated its FY 2027 guidance to 0.250-0.350 EPS.

Rubrik Stock Down 5.0%

RBRK opened at $73.15 on Friday. The stock has a fifty day moving average of $58.79 and a 200-day moving average of $62.61. The firm has a market capitalization of $14.80 billion, a P/E ratio of -50.45 and a beta of 1.10. Rubrik has a 12-month low of $42.25 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. Rubrik’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, analysts expect that Rubrik will post -1.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Rubrik in a report on Friday. Mizuho increased their target price on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. Barclays increased their target price on Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Friday. Scotiabank restated an “outperform” rating on shares of Rubrik in a report on Friday. Finally, Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a research note on Friday. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Insiders Place Their Bets

In other news, Director Yvonne Wassenaar sold 2,838 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $75.00, for a total value of $212,850.00. Following the transaction, the director directly owned 2,326 shares of the company’s stock, valued at approximately $174,450. This represents a 54.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the transaction, the chief technology officer directly owned 314,048 shares in the company, valued at $26,467,965.44. The trade was a 38.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 398,939 shares of company stock valued at $27,628,167 in the last three months. Company insiders own 13.66% of the company’s stock.

Key Headlines Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik beat first-quarter estimates with $0.16 EPS versus expectations for a loss, while revenue rose 39% to $387.1 million, reinforcing the company’s growth story in cybersecurity and AI-driven cyber resilience. Rubrik Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised full-year and Q2 guidance, signaling management sees continued demand and improving profitability ahead. Rubrik beats Q1 estimates, raises full-year guidance as cyber resilience demand rises
• Positive Sentiment: Multiple analysts lifted price targets, including CIBC, BMO, DA Davidson, and Oppenheimer, suggesting Wall Street remains constructive after the results. Analyst price target updates
• Positive Sentiment: Unusual call-option activity points to speculation that traders expect more upside after the earnings beat and guidance raise. Unusual options trading in Rubrik
• Neutral Sentiment: Commentary around Rubrik’s AI-enabled security platform and its access to Anthropic’s Mythos preview reinforces the long-term growth narrative, but this is more strategic than an immediate earnings driver. Rubrik is countering AI threats with ‘AI speed’ recoveries: CEO
• Neutral Sentiment: Shareholder approval of the board, auditor, and pay practices removes governance uncertainty, but it is unlikely to materially affect the stock by itself. Rubrik Shareholders Endorse Board, Auditor and Pay Practices
• Negative Sentiment: The stock has been volatile because investors appear to be questioning whether the earnings beat was strong enough to justify the recent run-up in the share price. Is It Time To Reconsider Rubrik (RBRK) After Recent Volatile Share Price Swings?
• Negative Sentiment: Several insider sales, including large disposals by CTO Arvind Nithrakashyap and Director John Wendell Thompson, may be pressuring sentiment even though the trades were pre-planned. SEC filing for insider sales
• Negative Sentiment: Some market commentary said the quarter was solid but not “explosive” enough for a stock that had already rallied sharply, helping explain why shares slipped after earnings. Rubrik posts respectable Q1, not as explosive as needed

Hedge Funds Weigh In On Rubrik

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC increased its position in Rubrik by 36.3% during the fourth quarter. NewEdge Advisors LLC now owns 1,840 shares of the company’s stock worth $141,000 after buying an additional 490 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Rubrik by 32.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,638 shares of the company’s stock worth $125,000 after buying an additional 399 shares during the last quarter. Ankerstar Wealth LLC acquired a new position in Rubrik during the fourth quarter worth $113,000. Danske Bank A S bought a new stake in Rubrik during the third quarter valued at about $82,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Rubrik by 103.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 666 shares of the company’s stock valued at $55,000 after acquiring an additional 338 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

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).