Rubrik, Inc. (NYSE:RBRK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Rubrik, Inc. (NYSE:RBRK) have received a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $85.32.

A number of equities analysts have recently commented on RBRK shares. Cantor Fitzgerald lowered their price target on Rubrik from $105.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, March 9th. The Goldman Sachs Group decreased their target price on Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Wells Fargo & Company lowered their target price on Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Truist Financial dropped their target price on shares of Rubrik from $110.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, Wedbush reduced their price target on shares of Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th.

Insider Activity at Rubrik

In other news, Director Mark D. Mclaughlin acquired 10,638 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were bought at an average price of $47.21 per share, with a total value of $502,219.98. Following the acquisition, the director directly owned 13,639 shares in the company, valued at $643,897.19. The trade was a 354.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Wendell Thompson sold 11,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the sale, the director owned 4,653 shares in the company, valued at $258,148.44. This represents a 70.27% 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 sold a total of 183,113 shares of company stock valued at $9,076,797 in the last quarter. Insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

A number of hedge funds have recently made changes to their positions in RBRK. Essential Partners LLC raised its holdings in Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after buying an additional 284 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in Rubrik in the 1st quarter valued at approximately $506,000. Smith Group Asset Management LLC acquired a new position in Rubrik in the 1st quarter valued at approximately $617,000. ADAR1 Capital Management LLC bought a new position in shares of Rubrik during the first quarter valued at $240,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Rubrik during the first quarter worth $46,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Trading Down 3.3%

Shares of Rubrik stock opened at $64.69 on Friday. The company has a market cap of $13.09 billion, a PE ratio of -36.55 and a beta of 0.63. The company has a 50 day moving average of $53.87 and a 200-day moving average of $62.49. Rubrik has a 1-year low of $42.25 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK) last announced 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 firm had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Research analysts forecast that Rubrik will post -1.45 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).