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

Rubrik, Inc. (NYSE:RBRK) has been assigned an average recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and twenty-eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $93.00.

Several equities analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $90.00 price objective on shares of Rubrik in a report on Monday, June 1st. Piper Sandler restated an “overweight” rating and set a $91.00 price objective (up from $84.00) on shares of Rubrik in a report on Friday. KeyCorp upped their price objective on shares of Rubrik from $70.00 to $88.00 and gave the company an “overweight” rating in a report on Friday. BTIG Research upped their target price on Rubrik from $76.00 to $91.00 and gave the company a “buy” rating in a research report on Friday. Finally, Truist Financial reiterated a “buy” rating and issued a $90.00 target price (up from $80.00) on shares of Rubrik in a research report on Friday.

Insider Transactions at Rubrik

In related news, Director John Wendell Thompson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $84.51, for a total value of $211,275.00. Following the sale, the director owned 15,000 shares in the company, valued at $1,267,650. This represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 549,901 shares in the company, valued at approximately $28,424,382.69. This represents a 3.51% 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. Insiders have sold 398,939 shares of company stock worth $27,628,167 in the last ninety days. Corporate insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Several institutional investors and hedge funds have recently modified their holdings of RBRK. Comerica Bank lifted its holdings in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after buying an additional 395 shares during the period. Royal Bank of Canada boosted its position in Rubrik by 231.3% in the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after purchasing an additional 20,471 shares in the last quarter. NewEdge Advisors LLC boosted its position in Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Down 2.4%

RBRK opened at $71.67 on Tuesday. Rubrik has a 52-week low of $42.25 and a 52-week high of $99.75. The company has a market cap of $14.50 billion, a P/E ratio of -49.43 and a beta of 1.09. The firm’s 50-day moving average price is $59.27 and its 200-day moving average price is $62.58.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. During the same quarter last year, the company earned ($0.15) EPS. The business’s revenue was up 39.0% compared to the same quarter last year. 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, research analysts anticipate that Rubrik will post -1.45 EPS for the current fiscal year.

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).