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

Shares of Rubrik, Inc. (NYSE:RBRK) have been assigned a consensus rating of “Moderate Buy” from the twenty-nine research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and twenty-eight have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $93.00.

A number of analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price objective (up from $84.00) on shares of Rubrik in a research note on Friday. Wolfe Research reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Rubrik in a research note on Friday. BMO Capital Markets increased their price objective on Rubrik from $73.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company decreased their price objective on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Finally, DA Davidson increased their price objective on Rubrik from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Friday.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total transaction of $1,053,291.20. Following the sale, the chief technology officer owned 314,048 shares of the company’s stock, valued at $25,802,183.68. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 549,901 shares in the company, valued at approximately $28,424,382.69. The trade was 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 sold 398,939 shares of company stock worth $27,628,167 in the last ninety days. 13.66% of the stock is currently owned by insiders.

Institutional Trading of Rubrik

A number of hedge funds have recently added to or reduced their stakes in RBRK. Essential Partners LLC boosted its stake in Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after buying an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after buying an additional 340 shares during the last quarter. Financial Life Planners acquired a new stake in Rubrik in the 3rd quarter worth about $31,000. Atlantic Union Bankshares Corp boosted its stake in 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. Finally, Triumph Capital Management acquired a new stake in Rubrik in the 4th quarter worth about $33,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Down 2.4%

Shares of RBRK stock opened at $71.67 on Tuesday. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The stock has a market cap of $14.50 billion, a P/E ratio of -49.43 and a beta of 1.09. The business has a fifty day simple moving average of $59.27 and a 200-day simple moving average of $62.58.

Rubrik (NYSE:RBRK) last announced 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 firm had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. The company’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.15) EPS. 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, sell-side analysts anticipate that Rubrik will post -1.45 earnings per share for the current year.

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).