Rubrik’s (RBRK) Buy Rating Reaffirmed at BTIG Research

Rubrik (NYSE:RBRK)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a note issued to investors on Thursday,Benzinga reports. They presently have a $91.00 price objective on the stock. BTIG Research’s price target suggests a potential upside of 27.58% from the company’s current price.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group set a $90.00 price objective on Rubrik in a research note on Friday, June 5th. DA Davidson raised their price target on Rubrik from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Mizuho raised their price target on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Barclays raised their price target on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Finally, Guggenheim reissued a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Rubrik Price Performance

NYSE RBRK opened at $71.33 on Thursday. Rubrik has a 1-year low of $42.25 and a 1-year high of $99.75. The company has a market capitalization of $14.43 billion, a P/E ratio of -49.19 and a beta of 1.10. The business has a 50 day moving average price of $60.31 and a 200 day moving average price of $62.62.

Rubrik (NYSE:RBRK) last released its quarterly earnings data 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 firm had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the previous year, the business earned ($0.15) earnings per share. The business’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, research analysts expect that Rubrik will post -1.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the sale, the chief financial officer owned 549,901 shares in the company, valued at $28,424,382.69. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $80.73, for a total value of $58,206.33. Following the sale, the director owned 2,326 shares in the company, valued at $187,777.98. This trade represents a 23.66% 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 have sold 398,939 shares of company stock worth $27,628,167 over the last ninety days. Company insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after purchasing an additional 340 shares during the last quarter. Financial Life Planners acquired a new position in Rubrik in the third quarter valued at $31,000. Atlantic Union Bankshares Corp boosted its holdings in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Rubrik in the third quarter valued at $34,000. Finally, Triumph Capital Management acquired a new position in Rubrik in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).