Rubrik (NYSE:RBRK) Given “Outperform” Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Rubrik (NYSE:RBRK) in a report issued on Friday,Benzinga reports. They currently have a $90.00 price target on the stock.

A number of other equities research analysts also recently weighed in on the stock. BTIG Research lifted their price target on shares of Rubrik from $76.00 to $91.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim restated a “buy” rating on shares of Rubrik in a research report on Friday. Oppenheimer upped their target price on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday. Mizuho lifted their price target on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Jefferies Financial Group set a $90.00 price target on Rubrik in a report on Friday. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Rubrik Trading Down 5.0%

NYSE RBRK opened at $73.15 on Friday. Rubrik has a 1-year low of $42.25 and a 1-year high of $103.00. The company has a 50 day moving average of $58.79 and a 200-day moving average of $62.61. The company has a market cap of $14.80 billion, a price-to-earnings ratio of -50.45 and a beta of 1.10.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts forecast that Rubrik will post -1.45 earnings per share for the current year.

Insider Activity at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $80.73, for a total value of $58,206.33. Following the sale, the director owned 2,326 shares in the company, valued at $187,777.98. This trade represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $82.16, for a total transaction of $1,053,291.20. Following the completion of the sale, the chief technology officer owned 314,048 shares in the company, valued at $25,802,183.68. This represents a 3.92% 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 three months, insiders have sold 398,939 shares of company stock worth $27,628,167. Corporate insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its position in Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after buying an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in Rubrik by 100.0% in 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 in the last quarter. CI Investments Inc. boosted its position in Rubrik by 31.7% in the third quarter. CI Investments Inc. now owns 859 shares of the company’s stock valued at $71,000 after buying an additional 207 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Rubrik by 24.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock valued at $94,000 after buying an additional 224 shares in the last quarter. Finally, Creative Planning boosted its position in Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Trending Headlines about 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

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).