Rubrik, Inc. (NYSE:RBRK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Rubrik, Inc. (NYSE:RBRK) have been given a consensus rating of “Moderate Buy” by the twenty-six analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, twenty-three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $89.10.

RBRK has been the topic of several recent research reports. Cantor Fitzgerald dropped their price objective on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. BTIG Research started coverage on shares of Rubrik in a research report on Friday, March 20th. They issued a “buy” rating and a $64.00 price target on the stock. Robert W. Baird dropped their price target on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Rubrik in a report on Monday, March 16th. Finally, Roth Mkm reiterated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th.

Rubrik Trading Down 1.9%

Rubrik stock opened at $47.17 on Thursday. Rubrik has a 12 month low of $46.36 and a 12 month high of $103.00. The business’s 50 day simple moving average is $55.62 and its 200 day simple moving average is $69.59. The company has a market cap of $9.44 billion, a price-to-earnings ratio of -26.65 and a beta of 0.45.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million for the quarter, compared to the consensus estimate of $342.43 million. During the same quarter in the previous year, the company posted ($0.18) EPS. The firm’s revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, equities 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 11,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $53.62, for a total value of $589,820.00. Following the sale, the director directly owned 4,653 shares of the company’s stock, valued at approximately $249,493.86. This represents a 70.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction that occurred 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. The SEC filing for this sale provides additional information. Insiders sold 99,693 shares of company stock worth $6,279,571 over the last quarter. 32.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC lifted its stake in Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after purchasing an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after buying an additional 340 shares during the last quarter. Financial Life Planners purchased a new position in shares of Rubrik in the third quarter worth about $31,000. Atlantic Union Bankshares Corp increased its holdings in shares of Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period. Finally, Guerra Advisors Inc bought a new stake in shares of Rubrik in the 3rd quarter valued at about $33,000. 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).