Rubrik (NYSE:RBRK) Given New $115.00 Price Target at Canadian Imperial Bank of Commerce

Rubrik (NYSE:RBRK) had its price target increased by Canadian Imperial Bank of Commerce from $110.00 to $115.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperformer rating on the stock.

A number of other analysts have also recently commented on the stock. Wedbush restated an “outperform” rating and set a $90.00 price target on shares of Rubrik in a research note on Friday. DA Davidson upped their price target on shares of Rubrik from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Friday. Barclays upped their price target on shares of Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial reaffirmed a “buy” rating and set a $90.00 target price (up from $80.00) on shares of Rubrik in a report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Friday, March 27th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Rubrik Trading Down 5.0%

Shares of RBRK stock opened at $73.15 on Friday. The stock has a market capitalization of $14.80 billion, a P/E ratio of -50.45 and a beta of 1.10. The firm’s 50 day moving average is $58.79 and its 200 day moving average is $62.61. Rubrik has a 12 month low of $42.25 and a 12 month high of $103.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, equities analysts predict that Rubrik will post -1.45 EPS for the current year.

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $82.16, for a total value of $1,053,291.20. Following the transaction, the chief technology officer owned 314,048 shares of the company’s stock, valued at $25,802,183.68. This represents a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.51, for a total transaction of $211,275.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at $1,267,650. The trade was a 14.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 398,939 shares of company stock worth $27,628,167. Insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in shares of Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after buying an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings 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 buying an additional 200 shares during the last quarter. CI Investments Inc. increased its holdings in shares of Rubrik by 31.7% in the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after buying an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Rubrik by 24.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after buying an additional 224 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after buying an additional 236 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik beat first-quarter estimates with $0.16 EPS versus expectations for a loss, while revenue rose 39% to $387.1 million, reinforcing the company’s growth story in cybersecurity and AI-driven cyber resilience. Rubrik Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised full-year and Q2 guidance, signaling management sees continued demand and improving profitability ahead. Rubrik beats Q1 estimates, raises full-year guidance as cyber resilience demand rises
• Positive Sentiment: Multiple analysts lifted price targets, including CIBC, BMO, DA Davidson, and Oppenheimer, suggesting Wall Street remains constructive after the results. Analyst price target updates
• Positive Sentiment: Unusual call-option activity points to speculation that traders expect more upside after the earnings beat and guidance raise. Unusual options trading in Rubrik
• Neutral Sentiment: Commentary around Rubrik’s AI-enabled security platform and its access to Anthropic’s Mythos preview reinforces the long-term growth narrative, but this is more strategic than an immediate earnings driver. Rubrik is countering AI threats with ‘AI speed’ recoveries: CEO
• Neutral Sentiment: Shareholder approval of the board, auditor, and pay practices removes governance uncertainty, but it is unlikely to materially affect the stock by itself. Rubrik Shareholders Endorse Board, Auditor and Pay Practices
• Negative Sentiment: The stock has been volatile because investors appear to be questioning whether the earnings beat was strong enough to justify the recent run-up in the share price. Is It Time To Reconsider Rubrik (RBRK) After Recent Volatile Share Price Swings?
• Negative Sentiment: Several insider sales, including large disposals by CTO Arvind Nithrakashyap and Director John Wendell Thompson, may be pressuring sentiment even though the trades were pre-planned. SEC filing for insider sales
• Negative Sentiment: Some market commentary said the quarter was solid but not “explosive” enough for a stock that had already rallied sharply, helping explain why shares slipped after earnings. Rubrik posts respectable Q1, not as explosive as needed

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).