Rubrik (NYSE:RBRK) Updates Q2 2027 Earnings Guidance

Rubrik (NYSE:RBRK) issued an update on its second quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.030-0.050 for the period, compared to the consensus earnings per share estimate of -0.070. The company issued revenue guidance of $395.0 million-$397.0 million, compared to the consensus revenue estimate of $382.6 million. Rubrik also updated its FY 2027 guidance to 0.250-0.350 EPS.

Rubrik Stock Performance

RBRK stock traded down $2.44 during midday trading on Thursday, reaching $77.02. 8,072,861 shares of the company were exchanged, compared to its average volume of 3,877,922. Rubrik has a 1-year low of $42.25 and a 1-year high of $103.00. The stock’s 50-day simple moving average is $57.70 and its 200 day simple moving average is $62.50. The company has a market cap of $15.58 billion, a price-to-earnings ratio of -43.52 and a beta of 1.10.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. 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 anticipate that Rubrik will post -1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Wedbush cut their target price on shares of Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. 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 report on Friday, March 6th. BMO Capital Markets lifted their target price on shares of Rubrik from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $110.00 target price on shares of Rubrik in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.12.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 199,447 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the sale, the chief technology officer directly owned 314,048 shares in the company, valued at approximately $26,467,965.44. The trade was a 38.84% decrease in their position. The sale was disclosed in a document filed 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 John Wendell Thompson sold 11,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.55, for a total transaction of $930,050.00. Following the sale, the director owned 4,653 shares in the company, valued at $393,411.15. The trade was a 70.27% 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 sold a total of 398,939 shares of company stock worth $27,628,167 over the last quarter. 13.66% of the stock is currently owned by corporate insiders.

Trending Headlines about Rubrik

Here are the key news stories impacting Rubrik this week:

• Negative Sentiment: CTO Arvind Nithrakashyap disclosed two large share sales totaling more than 212,000 shares in early June, which can weigh on sentiment even though both trades were made under a pre-arranged 10b5-1 plan. SEC filing for Arvind Nithrakashyap sale
• Negative Sentiment: Director John Wendell Thompson also sold shares, adding to the perception that insiders may be taking profits after Rubrik’s strong run. SEC filing for John Wendell Thompson sale
• Negative Sentiment: Director Yvonne Wassenaar disclosed another sale, reinforcing the near-term insider-selling overhang on RBRK. SEC filing for Yvonne Wassenaar sale

Institutional Investors Weigh In On Rubrik

Institutional investors have recently made changes to their positions in the stock. Triumph Capital Management purchased a new stake in shares of Rubrik during the 4th quarter worth $33,000. Banque Cantonale Vaudoise purchased a new stake in shares of Rubrik during the 3rd quarter worth $34,000. Los Angeles Capital Management LLC purchased a new stake in shares of Rubrik during the 4th quarter worth $35,000. Comerica Bank boosted its position in shares of Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares in the last quarter. Finally, Advocate Investing Services LLC purchased a new stake in shares of Rubrik during the 4th quarter worth $38,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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).