Rubrik (NYSE:RBRK) Shares Up 7.6% – What’s Next?

Rubrik, Inc. (NYSE:RBRK) shares shot up 7.6% during mid-day trading on Monday . The company traded as high as $46.50 and last traded at $47.1290. 926,208 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 4,061,951 shares. The stock had previously closed at $43.81.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 target price (down from $99.00) on shares of Rubrik in a research report on Friday, March 13th. BTIG Research began coverage on shares of Rubrik in a report on Friday, March 20th. They issued a “buy” rating and a $64.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Robert W. Baird decreased their price objective on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $110.00 price objective on shares of Rubrik in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.10.

Rubrik Price Performance

The company’s 50 day moving average price is $51.90 and its 200 day moving average price is $66.79. The firm has a market cap of $9.83 billion, a PE ratio of -27.40 and a beta of 0.63.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same period in the previous year, the business posted ($0.18) EPS. The company’s revenue for the quarter was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director Mark D. Mclaughlin acquired 10,638 shares of the stock in a transaction dated Monday, March 30th. The stock was acquired at an average price of $47.21 per share, with a total value of $502,219.98. Following the completion of the purchase, the director owned 13,639 shares in the company, valued at $643,897.19. This trade represents a 354.48% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $53.62, for a total transaction of $589,820.00. Following the completion of the sale, the director directly owned 4,653 shares in the company, valued at approximately $249,493.86. This trade represents a 70.27% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 228,806 shares of company stock worth $11,911,203. 32.38% of the stock is owned by company insiders.

Institutional Trading of Rubrik

Several hedge funds have recently added to or reduced their stakes in RBRK. Bogart Wealth LLC raised its holdings in Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after acquiring an additional 243 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares during the last quarter. Financial Life Planners purchased a new position in Rubrik in the third quarter valued at approximately $31,000. Atlantic Union Bankshares Corp increased its stake 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 purchasing an additional 200 shares during the last quarter. Finally, Guerra Advisors Inc purchased a new position in Rubrik in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).