Rubrik (NYSE:RBRK) Shares Gap Up on Analyst Upgrade

Rubrik, Inc. (NYSE:RBRK)’s share price gapped up before the market opened on Thursday after Rosenblatt Securities raised their price target on the stock from $95.00 to $105.00. The stock had previously closed at $96.13, but opened at $101.99. Rosenblatt Securities currently has a buy rating on the stock. Rubrik shares last traded at $105.4170, with a volume of 593,533 shares trading hands.

Other equities analysts have also recently issued reports about the company. BTIG Research reaffirmed a “buy” rating and issued a $91.00 target price on shares of Rubrik in a report on Thursday, June 11th. Truist Financial lifted their price objective on Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Mizuho boosted their price objective on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. Finally, Oppenheimer set a $120.00 price target on shares of Rubrik in a report on Thursday, August 20th. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.56.

Insider Activity

In related news, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00. Following the sale, the director owned 3,917 shares of the company’s stock, valued at approximately $293,775. This trade represents a 15.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $83.71, for a total value of $1,073,162.20. Following the completion of the transaction, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $24,551,557.03. This represents a 4.19% decrease in their ownership of the stock. 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 have sold a total of 327,682 shares of company stock valued at $27,385,376 in the last three months. 13.66% of the stock is currently owned by insiders.

Institutional Trading of Rubrik

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp lifted 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 worth $31,000 after buying an additional 200 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Rubrik during the 3rd quarter valued at approximately $34,000. Triumph Capital Management bought a new stake in Rubrik in the 4th quarter worth approximately $33,000. Los Angeles Capital Management LLC bought a new stake in Rubrik in the 4th quarter worth approximately $35,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of Rubrik during the 4th quarter worth approximately $38,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Trading Up 10.1%

The business has a 50-day moving average price of $83.75 and a 200 day moving average price of $66.85. The stock has a market capitalization of $21.78 billion, a P/E ratio of -73.22 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 for the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter in the previous year, the company posted ($0.15) EPS. The business’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, sell-side analysts predict that Rubrik, Inc. will post -1.13 earnings per share for the current fiscal year.

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).