Rubrik (NYSE:RBRK) Receives Outperform Rating from Wedbush

Rubrik (NYSE:RBRK)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a report released on Friday,Benzinga reports. They currently have a $90.00 target price on the stock. Wedbush’s price target would indicate a potential upside of 21.94% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a report on Friday, March 27th. Rosenblatt Securities reiterated a “buy” rating and set a $90.00 price objective on shares of Rubrik in a research report on Monday. Robert W. Baird cut their target price on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. BTIG Research increased their target price on Rubrik from $76.00 to $91.00 and gave the company a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group decreased their target price on Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.36.

Rubrik Trading Down 4.1%

Shares of RBRK opened at $73.81 on Friday. The business’s 50-day moving average price is $58.27 and its 200 day moving average price is $62.54. The stock has a market capitalization of $14.93 billion, a P/E ratio of -41.76 and a beta of 1.10. Rubrik has a 1-year low of $42.25 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.28 million. During the same period in the prior year, the company posted ($0.15) earnings per share. Rubrik’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. On average, research analysts predict that Rubrik will post -1.45 earnings per share for the current year.

Insider Transactions at Rubrik

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total value of $1,053,291.20. Following the completion of the sale, the chief technology officer owned 314,048 shares of the company’s stock, valued at approximately $25,802,183.68. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 that occurred on Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total value of $1,033,800.00. Following the completion of the transaction, the chief financial officer owned 549,901 shares in the company, valued at $28,424,382.69. This represents a 3.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 398,939 shares of company stock valued at $27,628,167 in the last quarter. Corporate insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RBRK. NewEdge Advisors LLC lifted its holdings in shares of Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after buying an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of 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 acquiring an additional 200 shares during the period. CI Investments Inc. grew its stake in shares of Rubrik by 31.7% in the third quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after acquiring an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Rubrik by 24.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after acquiring an additional 224 shares during the period. Finally, Creative Planning increased its position in Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik News Roundup

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: BMO Capital Markets raised its price target on Rubrik (RBRK) from $73 to $87 and reiterated an outperform rating, signaling continued confidence in upside potential after the company’s strong earnings release. Benzinga report on BMO price target increase
• Positive Sentiment: DA Davidson lifted its target from $70 to $90 and kept a buy rating, adding to the bullish analyst momentum around Rubrik’s growth and execution. Benzinga report on DA Davidson price target increase
• Positive Sentiment: Oppenheimer also raised its target on RBRK from $85 to $90 with an outperform rating, reinforcing the view that the stock could still have room to run. The Fly report on Oppenheimer price target increase
• Positive Sentiment: Rubrik’s first-quarter results beat estimates on both earnings and revenue, and the company raised guidance for fiscal 2027, which supports the bullish rerating. Rubrik Q1 FY2027 financial results
• Neutral Sentiment: Several insiders disclosed stock sales this week, including CTO Arvind Nithrakashyap and directors Yvonne Wassenaar and John Wendell Thompson; the trades were made under pre-arranged plans, so they may not signal a change in fundamentals, but they can still weigh on sentiment. SEC filing for insider sale

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).