Truist Financial Lowers Rubrik (NYSE:RBRK) Price Target to $80.00

Rubrik (NYSE:RBRK) had its price target cut by stock analysts at Truist Financial from $110.00 to $80.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 46.93% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Cantor Fitzgerald cut their price objective 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. Oppenheimer initiated coverage on shares of Rubrik in a research note on Monday, November 17th. They set a “market perform” rating on the stock. Roth Mkm reissued a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Robert W. Baird upped their price objective on Rubrik from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Finally, KeyCorp reduced their target price on Rubrik from $95.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.94.

Rubrik Stock Performance

RBRK stock opened at $54.45 on Tuesday. Rubrik has a one year low of $47.35 and a one year high of $103.00. The stock has a market capitalization of $10.90 billion, a P/E ratio of -27.92 and a beta of 0.31. The company has a 50 day moving average price of $67.49 and a two-hundred day moving average price of $75.74.

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. Rubrik’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same quarter last year, the business earned ($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. Research analysts forecast that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John Wendell Thompson sold 2,500 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $55.30, for a total value of $138,250.00. Following the completion of the sale, the director owned 25,998 shares in the company, valued at approximately $1,437,689.40. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $67.66, for a total transaction of $1,353,200.00. Following the completion of the transaction, the chief financial officer owned 489,959 shares of the company’s stock, valued at $33,150,625.94. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 236,887 shares of company stock valued at $18,193,405 in the last 90 days. 32.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rubrik

A number of hedge funds have recently bought and sold shares of RBRK. Allworth Financial LP boosted its stake in shares of Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after buying an additional 268 shares during the last quarter. Bogart Wealth LLC boosted its stake in Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after acquiring an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares in the last quarter. Financial Life Planners bought a new stake in shares of Rubrik in the 3rd quarter worth about $31,000. Finally, Atlantic Union Bankshares Corp increased its position in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during 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).