Rubrik, Inc. (NYSE:RBRK) Receives $93.96 Consensus Price Target from Brokerages

Shares of Rubrik, Inc. (NYSE:RBRK) have earned an average rating of “Moderate Buy” from the twenty-nine brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and twenty-eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $93.9583.

Several research firms have recently commented on RBRK. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Mizuho boosted their price target on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. DA Davidson reissued a “buy” rating and issued a $90.00 price target (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. KeyCorp increased their price target on shares of Rubrik from $88.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 199,447 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16. Following the completion of the transaction, the chief technology officer owned 314,048 shares of the company’s stock, valued at approximately $26,467,965.44. This represents a 38.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $71.49, for a total value of $284,458.71. Following the completion of the transaction, the director owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. The trade was a 3.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 277,821 shares of company stock worth $23,325,371 over the last quarter. Insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Rubrik during the 4th quarter valued at about $345,907,000. First Trust Advisors LP boosted its stake in Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after acquiring an additional 2,116,272 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the period. Vanguard Group Inc. grew its holdings in Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Rubrik in the third quarter worth about $97,828,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Down 0.1%

Shares of RBRK stock opened at $72.31 on Wednesday. The stock has a fifty day moving average of $75.93 and a 200 day moving average of $62.74. Rubrik has a 52 week low of $42.25 and a 52 week high of $99.75. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of -49.87 and a beta of 1.17.

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 the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. The business’s revenue was up 39.0% on a year-over-year basis. During the same quarter last year, the firm 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. Equities research analysts anticipate that Rubrik will post -1.16 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).