Rubrik, Inc. (RBRK) – What Are Investment Firms Thinking About This Stock?

Shares of Rubrik, Inc. (NYSE:RBRK) have been assigned an average recommendation of “Moderate Buy” from the twenty-nine ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and twenty-eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $114.42.

Several research analysts recently commented on the company. Wedbush started coverage on Rubrik in a research note on Friday, September 11th. They set an “outperform” rating and a $120.00 target price for the company. Wolfe Research reiterated an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a research note on Friday, August 28th. Barclays upped their target price on shares of Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Guggenheim raised their price objective on shares of Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. Finally, UBS Group reaffirmed a “buy” rating and set a $106.00 price objective on shares of Rubrik in a research report on Wednesday, August 19th.

Rubrik Stock Down 0.3%

RBRK opened at $112.10 on Monday. Rubrik has a 52 week low of $42.25 and a 52 week high of $127.90. The business has a fifty day simple moving average of $105.11 and a 200-day simple moving average of $81.13. The firm has a market cap of $23.24 billion, a P/E ratio of -88.97 and a beta of 1.12.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. The business’s revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Sell-side analysts expect that Rubrik will post -1.19 earnings per share for the current year.

Insiders Place Their Bets

In other Rubrik news, Director John Thompson sold 11,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $115.69, for a total value of $1,272,590.00. Following the transaction, the director directly owned 8,362 shares in the company, valued at $967,399.78. This represents a 56.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $119.00, for a total transaction of $85,799.00. Following the sale, the director owned 2,988 shares of the company’s stock, valued at $355,572. This represents a 19.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 139,583 shares of company stock valued at $13,515,814 over the last quarter. Corporate insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in Rubrik in the 3rd quarter valued at $27,000. Essential Partners LLC increased its stake in Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after buying an additional 284 shares during the period. Sunbelt Securities Inc. purchased a new position in Rubrik during the 1st quarter worth $46,000. Markowski Investments purchased a new position in Rubrik during the 2nd quarter worth $48,000. Finally, CoreCap Advisors LLC increased its stake in shares of Rubrik by 268.2% during the third quarter. CoreCap Advisors LLC now owns 545 shares of the company’s stock worth $62,000 after acquiring an additional 397 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.