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

Rubrik (NYSE:RBRK) had its price objective cut by research analysts at Mizuho from $97.00 to $80.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 46.93% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Stephens assumed coverage on shares of Rubrik in a research note on Monday, December 29th. They issued an “overweight” rating and a $105.00 price target on the stock. Roth Mkm reaffirmed a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Piper Sandler cut their price target on shares of Rubrik from $118.00 to $99.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Guggenheim set a $110.00 price objective on shares of Rubrik in a research note on Friday, December 5th. Finally, The Goldman Sachs Group cut their target price on Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.94.

Rubrik Trading Up 1.8%

Rubrik stock opened at $54.45 on Tuesday. The company has a fifty day simple moving average of $67.49 and a 200-day simple moving average of $75.74. The stock has a market cap of $10.90 billion, a P/E ratio of -27.92 and a beta of 0.31. 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 results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, sell-side analysts forecast that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Brian K. Mccarthy sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $90.83, for a total value of $908,300.00. Following the completion of the sale, the insider owned 339,319 shares in the company, valued at $30,820,344.77. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ravi Mhatre sold 101,659 shares of Rubrik stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $81.82, for a total value of $8,317,739.38. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 236,887 shares of company stock valued at $18,193,405 over the last ninety days. 32.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the period. First Trust Advisors LP grew its position in Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after buying an additional 2,116,272 shares during the period. Norges Bank purchased a new position in Rubrik in the fourth quarter valued at about $345,907,000. Voya Investment Management LLC lifted its position in shares of Rubrik by 18.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock valued at $293,552,000 after acquiring an additional 543,855 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Rubrik by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after acquiring an additional 178,714 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).