The Goldman Sachs Group Lowers Rubrik (NYSE:RBRK) Price Target to $80.00

Rubrik (NYSE:RBRK) had its price target cut by research analysts at The Goldman Sachs Group from $120.00 to $80.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 43.27% from the company’s current price.

Several other research analysts have also issued reports on RBRK. Cantor Fitzgerald cut their target price on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Monday, December 29th. Wedbush reissued an “outperform” rating and set a $120.00 price target on shares of Rubrik in a research note on Friday, December 5th. William Blair upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating in a report on Friday, December 5th. Finally, Guggenheim set a $110.00 target price on shares of Rubrik in a report on Friday, December 5th. Twenty-two investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.39.

Rubrik Stock Performance

Shares of RBRK stock opened at $55.84 on Monday. Rubrik has a 52-week low of $47.35 and a 52-week high of $103.00. The business’s fifty day moving average is $70.96 and its 200 day moving average is $77.18. The company has a market capitalization of $11.18 billion, a PE ratio of -28.64 and a beta of 0.31.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. During the same quarter last year, the company posted ($0.21) earnings per share. The firm’s revenue for the quarter was up 48.3% on a year-over-year basis. 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, sell-side analysts forecast that Rubrik will post -7.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian K. Mccarthy sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $70.88, for a total transaction of $708,800.00. Following the transaction, the insider directly owned 330,772 shares of the company’s stock, valued at approximately $23,445,119.36. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $55.29, for a total value of $608,190.00. Following the completion of the sale, the director directly owned 3,655 shares of the company’s stock, valued at $202,084.95. The trade was a 75.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 240,387 shares of company stock valued at $18,436,515 in the last 90 days. 32.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lexington Partners L.P. purchased a new stake in Rubrik in the fourth quarter worth about $320,000. CIBC Asset Management Inc bought a new position in shares of Rubrik in the 4th quarter worth approximately $412,000. Bank of New York Mellon Corp lifted its stake in shares of Rubrik by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 556,565 shares of the company’s stock valued at $42,566,000 after purchasing an additional 38,156 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Rubrik by 167.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 863,857 shares of the company’s stock valued at $66,068,000 after purchasing an additional 540,990 shares during the period. Finally, AXQ Capital LP bought a new stake in shares of Rubrik during the fourth quarter valued at approximately $377,000. Hedge funds and other 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).