Rubrik (NYSE:RBRK) Shares Up 7.6% – Time to Buy?

Shares of Rubrik, Inc. (NYSE:RBRK) shot up 7.6% on Friday . The company traded as high as $75.44 and last traded at $75.6380. 842,463 shares changed hands during trading, a decline of 78% from the average session volume of 3,754,200 shares. The stock had previously closed at $70.32.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RBRK. KeyCorp reduced their price target on shares of Rubrik from $80.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Cantor Fitzgerald reduced their price target on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. BTIG Research lifted their price target on shares of Rubrik from $64.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Robert W. Baird reduced their price target on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Finally, Citigroup reduced their target price on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and a consensus price target of $85.32.

Rubrik Price Performance

The business’s 50-day moving average price is $55.78 and its 200 day moving average price is $62.41. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of -44.50 and a beta of 0.63.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The company’s revenue for the quarter was up 46.3% on a year-over-year basis. 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, sell-side analysts expect that Rubrik, Inc. will post -1.45 earnings per share for the current year.

Insider Activity at Rubrik

In related news, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total value of $1,033,800.00. Following the sale, the chief financial officer directly owned 549,901 shares of the company’s stock, valued at $28,424,382.69. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark D. Mclaughlin purchased 10,638 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The stock was bought at an average cost of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the acquisition, the director directly owned 13,639 shares of the company’s stock, valued at $643,897.19. This represents a 354.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 183,113 shares of company stock valued at $9,076,797 over the last ninety days. Corporate insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Several institutional investors have recently added to or reduced their stakes in the stock. Essential Partners LLC raised its holdings in Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after acquiring an additional 284 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in Rubrik in the first quarter valued at $506,000. Smith Group Asset Management LLC acquired a new stake in Rubrik in the first quarter valued at $617,000. ADAR1 Capital Management LLC acquired a new stake in Rubrik in the first quarter valued at $240,000. Finally, Sunbelt Securities Inc. acquired a new stake in Rubrik in the first quarter valued at $46,000. 49.54% of the stock is owned by institutional investors and hedge funds.

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).