Rubrik’s (RBRK) “Buy” Rating Reiterated at DA Davidson

Rubrik (NYSE:RBRK)‘s stock had its “buy” rating reissued by research analysts at DA Davidson in a research report issued on Thursday,Benzinga reports. They currently have a $90.00 price objective on the stock. DA Davidson’s target price suggests a potential upside of 26.18% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Barclays boosted their target price on shares of Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Wells Fargo & Company dropped their price objective on Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Guggenheim reiterated a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Jefferies Financial Group set a $90.00 target price on shares of Rubrik in a report on Friday, June 5th. Finally, Truist Financial reiterated a “buy” rating and set a $90.00 price objective (up from $80.00) on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Rubrik Trading Down 0.6%

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

Rubrik (NYSE:RBRK) last announced 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 company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same period in the prior year, the firm earned ($0.15) earnings per share. Rubrik’s revenue 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, equities research analysts forecast that Rubrik will post -1.42 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In related 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 completion of the transaction, the chief financial officer directly owned 549,901 shares of the company’s stock, valued at $28,424,382.69. This trade represents a 3.51% decrease in their position. The sale was disclosed in a document filed 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, CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total value of $1,053,291.20. Following the transaction, the chief technology officer directly owned 314,048 shares in the company, valued at $25,802,183.68. The trade was a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 398,939 shares of company stock worth $27,628,167. Company insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Rubrik in the 4th quarter valued at $345,907,000. First Trust Advisors LP lifted its stake in shares of Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the period. Pictet Asset Management Holding SA increased its holdings in Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Vanguard Group Inc. lifted its stake in Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after buying an additional 1,678,255 shares during the period. Finally, AQR Capital Management LLC acquired a new position in shares of Rubrik during the 3rd quarter valued at $97,828,000. 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).