Rubrik (NYSE:RBRK) Research Coverage Started at BTIG Research

BTIG Research assumed coverage on shares of Rubrik (NYSE:RBRK) in a research report sent to investors on Friday morning, MarketBeat.com reports. The firm issued a buy rating and a $64.00 price objective on the stock.

RBRK has been the subject of several other reports. Wells Fargo & Company decreased their target price on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Guggenheim restated a “buy” rating and set a $110.00 price target on shares of Rubrik in a report on Friday, March 13th. Robert W. Baird decreased their price objective on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Mizuho lowered their price objective on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Finally, DA Davidson set a $70.00 price objective on shares of Rubrik in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.10.

Rubrik Stock Down 3.3%

Shares of Rubrik stock opened at $49.24 on Friday. Rubrik has a 12-month low of $46.36 and a 12-month high of $103.00. The firm has a market capitalization of $9.85 billion, a PE ratio of -27.82 and a beta of 0.46. The stock’s fifty day moving average is $56.90 and its 200-day moving average is $70.30.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to analyst estimates of $342.43 million. The company’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts expect that Rubrik will post -7.66 EPS for the current year.

Insider Activity at Rubrik

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $70.88, for a total value of $708,800.00. Following the transaction, the insider owned 330,772 shares in the company, valued at approximately $23,445,119.36. This represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $67.66, for a total transaction of $1,353,200.00. Following the completion of the sale, the chief financial officer owned 489,959 shares of the company’s stock, valued at approximately $33,150,625.94. The trade was a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 99,693 shares of company stock valued at $6,279,571. Company insiders own 32.38% of the company’s stock.

Institutional Trading of Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of RBRK. Strs Ohio increased its holdings in Rubrik by 90.8% in the third quarter. Strs Ohio now owns 62,300 shares of the company’s stock worth $5,124,000 after buying an additional 29,649 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Rubrik in the third quarter valued at approximately $4,717,000. ARK Investment Management LLC lifted its stake in Rubrik by 21.1% in the third quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock valued at $26,247,000 after acquiring an additional 55,500 shares during the last quarter. Citigroup Inc. grew its position in Rubrik by 210.2% in the third quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock worth $8,557,000 after acquiring an additional 70,504 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Rubrik by 471.4% in the third quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after acquiring an additional 41,756 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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).