Rubrik’s (RBRK) “Outperform” Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Rubrik (NYSE:RBRK) in a report released on Friday morning,Benzinga reports. Wedbush currently has a $120.00 price objective on the stock.

RBRK has been the topic of several other reports. Guggenheim set a $110.00 target price on Rubrik in a report on Friday. Cantor Fitzgerald dropped their price objective on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday. Mizuho raised shares of Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 target price on the stock in a research report on Monday, November 17th. FBN Securities restated an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $118.00 price target (up previously from $115.00) on shares of Rubrik in a research note on Friday. Twenty equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.06.

Rubrik Price Performance

Shares of NYSE RBRK opened at $86.36 on Friday. The company has a 50-day simple moving average of $75.46 and a 200-day simple moving average of $83.57. The company has a market cap of $17.05 billion, a PE ratio of -44.29 and a beta of 0.33. Rubrik has a 12 month low of $47.35 and a 12 month high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. The business had revenue of $350.17 million for the quarter, compared to analyst estimates of $320.19 million. During the same quarter last year, the business earned ($0.21) EPS. Rubrik’s revenue for the quarter was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, analysts anticipate that Rubrik will post -7.66 EPS for the current year.

Insider Activity

In other news, insider Brian K. Mccarthy sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $75.90, for a total value of $759,000.00. Following the completion of the sale, the insider directly owned 349,319 shares in the company, valued at approximately $26,513,312.10. The trade was a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $69.46, for a total value of $243,110.00. Following the sale, the chief financial officer directly owned 509,051 shares in the company, valued at approximately $35,358,682.46. This represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 115,966 shares of company stock worth $8,777,876. 32.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rubrik

A number of hedge funds have recently added to or reduced their stakes in RBRK. Vanguard Group Inc. boosted its holdings in shares of Rubrik by 8.3% in the third quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company’s stock valued at $1,070,586,000 after acquiring an additional 993,634 shares in the last quarter. First Trust Advisors LP raised its holdings in Rubrik by 10.9% during the third quarter. First Trust Advisors LP now owns 4,947,785 shares of the company’s stock worth $406,955,000 after purchasing an additional 485,080 shares in the last quarter. Voya Investment Management LLC lifted its position in Rubrik by 18.0% in the third quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock worth $293,552,000 after purchasing an additional 543,855 shares during the period. Norges Bank bought a new position in Rubrik during the 2nd quarter valued at $219,132,000. Finally, Federated Hermes Inc. increased its position in shares of Rubrik by 101.8% during the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after purchasing an additional 1,229,476 shares during the period. 49.54% of the stock is currently owned by institutional investors.

About Rubrik

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.