KeyCorp Has Lowered Expectations for Rubrik (NYSE:RBRK) Stock Price

Rubrik (NYSE:RBRK) had its price target decreased by KeyCorp from $95.00 to $80.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 46.93% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Citigroup restated a “buy” rating on shares of Rubrik in a research report on Monday, January 12th. Cantor Fitzgerald decreased their price target on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research report on Monday, December 29th. William Blair upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating in a research report on Friday, December 5th. Finally, UBS Group restated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and a consensus target price of $106.94.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $54.45 on Tuesday. The firm has a fifty day moving average price of $67.49 and a two-hundred day moving average price of $75.74. The company has a market cap of $10.90 billion, a price-to-earnings ratio of -27.92 and a beta of 0.31. Rubrik has a one year low of $47.35 and a one year 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, beating the consensus estimate of ($0.16) by $0.26. The business had revenue of $350.17 million for the quarter, compared to the consensus estimate of $320.19 million. Rubrik’s quarterly revenue was up 48.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) EPS. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Equities research analysts expect that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 31,450 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $76.19, for a total value of $2,396,175.50. Following the completion of the sale, the chief technology officer owned 342,703 shares in the company, valued at approximately $26,110,541.57. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $67.66, for a total value of $1,353,200.00. Following the sale, the chief financial officer directly owned 489,959 shares of the company’s stock, valued at approximately $33,150,625.94. This trade represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 236,887 shares of company stock valued at $18,193,405. 32.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Allworth Financial LP increased its stake in shares of Rubrik by 1,030.8% in the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after acquiring an additional 268 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of Rubrik by 352.2% during the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 worth $30,000 after purchasing an additional 340 shares in the last quarter. Financial Life Planners bought a new stake in shares of Rubrik in the 3rd quarter worth approximately $31,000. Finally, Catalyst Capital Advisors LLC bought a new position in Rubrik during the 2nd quarter valued at approximately $36,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Company Profile

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).