Rubrik (NYSE:RBRK) Stock Price Up 7.6% – What’s Next?

Rubrik, Inc. (NYSE:RBRK)’s share price rose 7.6% on Friday . The company traded as high as $75.44 and last traded at $75.6380. Approximately 842,463 shares changed hands during trading, a decline of 78% from the average daily volume of 3,754,200 shares. The stock had previously closed at $70.32.

Analysts Set New Price Targets

RBRK has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a research note on Friday, March 27th. Wedbush reduced their price target on Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Rubrik in a research report on Monday, March 16th. Citigroup cut their target price on Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Finally, The Goldman Sachs Group cut their target price on Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.32.

Rubrik Trading Up 9.4%

The firm has a market capitalization of $15.56 billion, a PE ratio of -43.47 and a beta of 0.63. The firm has a 50-day moving average of $55.24 and a two-hundred day moving average of $62.29.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same period last year, the business posted ($0.18) earnings per share. The company’s quarterly revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities research analysts expect that Rubrik, Inc. will post -1.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Rubrik

In related news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the completion of the transaction, the director directly owned 4,653 shares in the company, valued at approximately $258,148.44. This trade represents a 70.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark D. Mclaughlin purchased 10,638 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The stock was purchased at an average price of $47.21 per share, with a total value of $502,219.98. Following the completion of the purchase, the director directly owned 13,639 shares of the company’s stock, valued at approximately $643,897.19. This represents a 354.48% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 183,113 shares of company stock valued at $9,076,797 over the last three months. 13.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rubrik

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after buying an additional 340 shares during the last quarter. Financial Life Planners purchased a new position in shares of Rubrik during the 3rd quarter valued at $31,000. Guerra Advisors Inc purchased a new position in shares of Rubrik during the 3rd quarter valued at $33,000. Atlantic Union Bankshares Corp lifted its stake in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Rubrik in the 3rd quarter valued at $34,000. Institutional investors own 49.54% of the company’s stock.

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).