Rubrik (NYSE:RBRK) Shares Gap Up on Earnings Beat

Rubrik, Inc. (NYSE:RBRK)’s share price gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $70.43, but opened at $87.04. Rubrik shares last traded at $88.6130, with a volume of 4,987,422 shares traded.

The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. The business’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Mizuho raised Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 price target for the company in a research report on Monday, November 17th. Oppenheimer assumed coverage on shares of Rubrik in a research note on Monday, November 17th. They issued a “market perform” rating for the company. Berenberg Bank initiated coverage on shares of Rubrik in a research note on Tuesday, November 18th. They set a “buy” rating and a $114.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Rubrik in a report on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a report on Monday, December 1st. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $113.06.

Insider Transactions at Rubrik

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $75.90, for a total value of $759,000.00. Following the completion of the sale, the insider owned 349,319 shares of the company’s stock, valued at $26,513,312.10. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Arvind Nithrakashyap sold 40,170 shares of Rubrik stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $2,981,015.70. Following the completion of the transaction, the chief technology officer owned 333,528 shares in the company, valued at approximately $24,751,112.88. The trade was a 10.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,966 shares of company stock worth $8,777,876 in the last ninety days. 32.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in shares of Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after purchasing an additional 268 shares during the period. ST Germain D J Co. Inc. bought a new position in Rubrik during the 2nd quarter worth $27,000. Bogart Wealth LLC lifted its holdings in Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after buying an additional 243 shares during the period. Beacon Capital Management LLC acquired a new position in Rubrik during the 2nd quarter worth about $29,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after buying an additional 340 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Up 22.6%

The stock has a 50 day moving average of $75.46 and a 200 day moving average of $83.60. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of -44.29 and a beta of 0.32.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.