Rubrik (NYSE:RBRK) Given New $115.00 Price Target at Canadian Imperial Bank of Commerce

Rubrik (NYSE:RBRK) had its target price raised by equities research analysts at Canadian Imperial Bank of Commerce from $110.00 to $115.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price would indicate a potential upside of 56.50% from the stock’s current price.

A number of other research firms have also commented on RBRK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a report on Friday, March 27th. Scotiabank lifted their price objective on Rubrik from $70.00 to $95.00 and gave the stock a “sector outperform” rating in a research report on Friday. Piper Sandler restated an “overweight” rating on shares of Rubrik in a report on Friday. Mizuho raised their price target on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wolfe Research reissued an “outperform” rating and set a $95.00 price objective on shares of Rubrik in a research report on Friday. Twenty-eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and a consensus target price of $92.56.

Rubrik Price Performance

Shares of Rubrik stock traded down $3.52 during trading hours on Friday, hitting $73.48. 4,158,638 shares of the company’s stock traded hands, compared to its average volume of 3,911,907. Rubrik has a 12-month low of $42.25 and a 12-month high of $103.00. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of -41.59 and a beta of 1.10. The company has a fifty day simple moving average of $58.27 and a 200-day simple moving average of $62.54.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.28 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The firm’s revenue for the quarter 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, analysts forecast that Rubrik will post -1.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $80.73, for a total value of $58,206.33. Following the completion of the sale, the director directly owned 2,326 shares in the company, valued at $187,777.98. The trade was a 23.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $84.51, for a total transaction of $211,275.00. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at $1,267,650. The trade was a 14.29% decrease in their ownership of the stock. 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 have sold a total of 398,939 shares of company stock valued at $27,628,167 over the last quarter. Corporate insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently made changes to their positions in RBRK. Vanguard Group Inc. lifted its stake in shares of Rubrik by 12.9% in the 4th 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. First Trust Advisors LP raised its position in Rubrik by 42.8% in 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 during the period. Norges Bank bought a new position in Rubrik in the fourth quarter worth approximately $345,907,000. Pictet Asset Management Holding SA boosted its stake in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Rubrik by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after acquiring an additional 178,714 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik reported fiscal Q1 earnings of $0.16 per share versus expectations for a loss, and revenue of $387.1 million topped estimates, signaling strong demand and execution. Rubrik Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised both quarterly and full-year guidance, reinforcing confidence that subscription growth and improving margins can continue as cyber resilience demand rises. Rubrik beats Q1 estimates, raises full-year guidance as cyber resilience demand rises
• Positive Sentiment: Several analysts lifted targets after the results, including Wedbush, BMO Capital Markets, DA Davidson, and Oppenheimer, which points to growing Street confidence in Rubrik’s outlook. Analyst target updates for Rubrik
• Neutral Sentiment: Rubrik also gained early access to Anthropic’s Mythos Research Preview, a potentially positive long-term AI/cybersecurity partnership, but the near-term financial impact is not yet clear. Rubrik Gets Early Access To Anthropic Mythos Research Preview To Strengthen Cyber Resilience
• Neutral Sentiment: One report noted Rubrik’s strong May performance was helped by Snowflake’s earnings, reflecting broader momentum in the cybersecurity ecosystem rather than a company-specific catalyst. How Rubrik Stock Soared 47.9% Last Month
• Negative Sentiment: Rubrik shares slipped after the earnings release despite the beat, suggesting some investors were taking profits after the stock’s strong recent move. Rubrik Shares Slip Despite Beating Q1 Estimates, Raised Guidance
• Negative Sentiment: CTO Arvind Nithrakashyap, along with directors John Wendell Thompson and Yvonne Wassenaar, disclosed sizable share sales, which may be weighing on sentiment even though the trades were pre-planned. SEC filing for insider sales

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).