KeyCorp Boosts Rubrik (NYSE:RBRK) Price Target to $100.00

Rubrik (NYSE:RBRK) had its target price boosted by equities research analysts at KeyCorp from $88.00 to $100.00 in a report released on Thursday, Marketbeat reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 26.84% from the company’s current price.

RBRK has been the subject of a number of other reports. BMO Capital Markets boosted their price target on Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Wolfe Research restated an “outperform” rating and set a $95.00 price objective on shares of Rubrik in a research note on Friday, June 5th. Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a report on Friday, June 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research note on Wednesday, June 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $90.00 price target on shares of Rubrik in a research report on Monday, June 1st. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.96.

Rubrik Stock Performance

Shares of RBRK stock opened at $78.84 on Thursday. Rubrik has a one year low of $42.25 and a one year high of $99.75. The company’s 50-day simple moving average is $73.92 and its 200-day simple moving average is $62.91. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of -54.37 and a beta of 1.10.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same period in the prior year, the firm earned ($0.15) earnings per share. The firm’s quarterly 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. As a group, research analysts forecast that Rubrik will post -1.16 EPS for the current year.

Insiders Place Their Bets

In related news, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total value of $909,150.00. Following the completion of the sale, the director owned 8,362 shares in the company, valued at approximately $691,119.30. This represents a 56.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97. Following the transaction, the director owned 4,638 shares in the company, valued at approximately $378,321.66. The trade was a 13.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 291,321 shares of company stock worth $24,074,426. 13.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp raised its position in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Rubrik during the 3rd quarter worth about $34,000. Triumph Capital Management purchased a new position in Rubrik during the 4th quarter valued at about $33,000. Los Angeles Capital Management LLC purchased a new position in Rubrik during the 4th quarter valued at about $35,000. Finally, Advocate Investing Services LLC acquired a new position in shares of Rubrik in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).