Rubrik, Inc. (NYSE:RBRK) Receives $93.00 Consensus Price Target from Analysts

Shares of Rubrik, Inc. (NYSE:RBRK) have been given an average rating of “Moderate Buy” by the twenty-nine analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and twenty-eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $93.00.

RBRK has been the topic of several research analyst reports. Truist Financial reaffirmed a “buy” rating and set a $90.00 price objective (up from $80.00) on shares of Rubrik in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Wells Fargo & Company dropped their price target on Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research report on Monday, June 1st. Finally, BTIG Research reissued a “buy” rating and issued a $91.00 price objective on shares of Rubrik in a research note on Thursday, June 11th.

Insiders Place Their Bets

In other Rubrik news, Director Yvonne Wassenaar sold 2,838 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $75.00, for a total value of $212,850.00. Following the completion of the sale, the director owned 2,326 shares in the company, valued at approximately $174,450. This trade represents a 54.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71. Following the completion of the transaction, the director directly owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. This represents a 3.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 287,342 shares of company stock valued at $23,743,772. 13.66% of the stock is owned by corporate insiders.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of RBRK. Pictet Asset Management Holding SA raised its stake in shares of Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after buying an additional 1,696,342 shares during the last quarter. Norges Bank bought a new position in Rubrik in the fourth quarter valued at approximately $345,907,000. Legal & General Group Plc grew its stake in shares of Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after purchasing an additional 151,234 shares during the period. Stephens Investment Management Group LLC increased its holdings in Rubrik by 47.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock valued at $45,571,000 after purchasing an additional 191,738 shares during the last quarter. Finally, LGT Fund Management Co Ltd. bought a new stake in Rubrik in the third quarter valued at about $3,421,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $84.19 on Friday. The company’s fifty day moving average is $70.24 and its 200-day moving average is $62.57. Rubrik has a 52 week low of $42.25 and a 52 week high of $99.75. The company has a market capitalization of $17.33 billion, a PE ratio of -58.07 and a beta of 1.10.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. During the same quarter last year, the business earned ($0.15) EPS. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. 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 forecast that Rubrik will post -1.16 EPS for the current year.

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).