Rubrik (NYSE:RBRK) Releases Q3 2027 Earnings Guidance

Rubrik (NYSE:RBRK) updated its third quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.070-0.090 for the period, compared to the consensus EPS estimate of -0.020. The company issued revenue guidance of $429.0 million-$431.0 million, compared to the consensus revenue estimate of $418.0 million. Rubrik also updated its FY 2027 guidance to 0.470-0.530 EPS.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several research analyst reports. BTIG Research increased their price target on shares of Rubrik from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. Rosenblatt Securities boosted their target price on Rubrik from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp upped their price target on Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday. Finally, BMO Capital Markets raised their price target on Rubrik from $98.00 to $115.00 and gave the company an “outperform” rating in a report on Friday. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and a consensus target price of $111.96.

Rubrik Stock Performance

Shares of RBRK stock opened at $93.17 on Friday. The company has a market capitalization of $19.18 billion, a P/E ratio of -73.94 and a beta of 1.17. Rubrik has a 52 week low of $42.25 and a 52 week high of $107.91. The company’s 50 day moving average price is $84.94 and its two-hundred day moving average price is $67.43.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The company’s revenue was up 43.9% compared to the same quarter last year. During the same period last year, the company earned ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Analysts forecast that Rubrik will post -1.13 earnings per share for the current year.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the transaction, the chief technology officer directly owned 293,293 shares in the company, valued at $24,551,557.03. The trade was a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the transaction, the director owned 125,351 shares of the company’s stock, valued at $10,416,668.10. This represents a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 324,844 shares of company stock valued at $27,172,526. 13.66% of the stock is owned by company insiders.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Strong earnings beat and raised outlook: Rubrik reported fiscal Q2 EPS of $0.20 versus the $0.04 consensus and revenue of $427.3 million versus expectations of $396.3 million. Revenue increased 43.9% year over year. Management guided fiscal 2027 revenue to approximately $1.7 billion and EPS to $0.47–$0.53, well above consensus estimates. Rubrik Q2 earnings report
• Positive Sentiment: Analyst targets moved higher: BMO Capital Markets, Barclays, and DA Davidson raised their price targets to $115, while KeyCorp raised its target to $120 and BTIG lifted its target to $125. The firms maintained bullish ratings, supporting the view that the post-earnings pullback may offer an entry opportunity. DA Davidson analyst report
• Positive Sentiment: AI security opportunity: Rubrik is emphasizing the growing threat from autonomous AI agents and positioning its data-security platform to address that risk, potentially expanding demand as businesses adopt AI. Rubrik AI threats article
• Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine members. The appointment may add strategic expertise but has limited immediate earnings impact. Rubrik board appointment
• Negative Sentiment: Margin concerns overshadowed the beat: Coverage indicates that gross-margin slippage and the stock’s elevated valuation prompted investors to lock in gains after the earnings release. Shares had climbed to roughly $107.7 before retreating, suggesting expectations were already very high. Rubrik gross margin article

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RBRK. First Trust Advisors LP lifted its stake in Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the last quarter. AQR Capital Management LLC bought a new position in Rubrik in the 3rd quarter valued at approximately $97,828,000. State Street Corp boosted its position in Rubrik by 139.7% during the 2nd quarter. State Street Corp now owns 1,771,475 shares of the company’s stock worth $158,706,000 after buying an additional 1,032,497 shares during the period. Invesco Ltd. grew its holdings in Rubrik by 364.8% during the 3rd quarter. Invesco Ltd. now owns 1,074,025 shares of the company’s stock worth $88,339,000 after acquiring an additional 842,939 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Rubrik during the 2nd quarter worth approximately $61,969,000. Institutional investors and hedge funds 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).