Rubrik (NYSE:RBRK) Price Target Raised to $120.00

Rubrik (NYSE:RBRK) had its price objective raised by KeyCorp from $112.00 to $120.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Barclays increased their price target on shares of Rubrik from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research note on Wednesday, June 24th. BTIG Research boosted their price target on shares of Rubrik from $109.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. Wolfe Research reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a report on Friday. Finally, Stephens reiterated an “overweight” rating on shares of Rubrik in a research report on Friday. Twenty-nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $111.96.

Rubrik Price Performance

NYSE:RBRK opened at $93.17 on Friday. Rubrik has a 1 year low of $42.25 and a 1 year high of $107.91. The stock’s fifty day moving average price is $84.94 and its two-hundred day moving average price is $67.52. The company has a market cap of $19.18 billion, a P/E ratio of -73.94 and a beta of 1.17.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. Rubrik’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, analysts expect that Rubrik will post -1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.00, for a total value of $54,075.00. Following the completion of the transaction, the director owned 3,917 shares of the company’s stock, valued at $293,775. The trade was a 15.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $74.11, for a total transaction of $185,275.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $741,100. The trade was a 20.00% 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 a total of 111,897 shares of company stock valued at $9,221,808 over the last three months. Corporate insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank raised its position in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Rubrik by 231.3% in the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after purchasing an additional 20,471 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after purchasing an additional 2,000 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik News Roundup

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Strong earnings beat and raised outlook: Rubrik reported fiscal Q2 EPS of $0.20 versus the $0.04 consensus and revenue of $427.3 million versus expectations of $396.3 million. Revenue increased 43.9% year over year. Management guided fiscal 2027 revenue to approximately $1.7 billion and EPS to $0.47–$0.53, well above consensus estimates. Rubrik Q2 earnings report
• Positive Sentiment: Analyst targets moved higher: BMO Capital Markets, Barclays, and DA Davidson raised their price targets to $115, while KeyCorp raised its target to $120 and BTIG lifted its target to $125. The firms maintained bullish ratings, supporting the view that the post-earnings pullback may offer an entry opportunity. DA Davidson analyst report
• Positive Sentiment: AI security opportunity: Rubrik is emphasizing the growing threat from autonomous AI agents and positioning its data-security platform to address that risk, potentially expanding demand as businesses adopt AI. Rubrik AI threats article
• Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine members. The appointment may add strategic expertise but has limited immediate earnings impact. Rubrik board appointment
• Negative Sentiment: Margin concerns overshadowed the beat: Coverage indicates that gross-margin slippage and the stock’s elevated valuation prompted investors to lock in gains after the earnings release. Shares had climbed to roughly $107.7 before retreating, suggesting expectations were already very high. Rubrik gross margin article

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).