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

Shares of Rubrik, Inc. (NYSE:RBRK) have been given an average recommendation of “Moderate Buy” by the twenty-nine analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and twenty-eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $93.00.

A number of research firms have recently weighed in on RBRK. Rosenblatt Securities reissued a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research report on Monday, June 1st. Citigroup lifted their target price on shares of Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Robert W. Baird boosted their price target on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Finally, Barclays raised their price objective on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, June 5th.

Rubrik Trading Down 0.4%

Shares of RBRK stock opened at $83.31 on Friday. The firm has a 50-day moving average price of $68.21 and a 200 day moving average price of $62.47. Rubrik has a twelve month low of $42.25 and a twelve month high of $99.75. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of -57.45 and a beta of 1.10.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter last year, the company posted ($0.15) earnings per share. Rubrik’s revenue for the quarter was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, research analysts predict that Rubrik will post -1.16 earnings per share for the current year.

Insider Transactions at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 2,838 shares of Rubrik stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $75.00, for a total value of $212,850.00. Following the completion of the sale, the director owned 2,326 shares in the company, valued at $174,450. The trade was a 54.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the transaction, the director directly owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. This represents a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 281,702 shares of company stock valued at $22,567,916. Corporate insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Rubrik by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the last quarter. Norges Bank acquired a new position in shares of Rubrik in the 4th quarter valued at $345,907,000. Pictet Asset Management Holding SA grew its stake in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after buying an additional 1,696,342 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Rubrik by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after buying an additional 178,714 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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).