Rubrik’s (RBRK) Outperform Rating Reaffirmed at Wedbush

Rubrik (NYSE:RBRK)‘s stock had its “outperform” rating reaffirmed by equities researchers at Wedbush in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $90.00 target price on the stock. Wedbush’s price objective suggests a potential upside of 31.59% from the company’s previous close.

A number of other brokerages have also recently issued reports on RBRK. UBS Group restated a “buy” rating on shares of Rubrik in a report on Monday, June 1st. Stephens lifted their price target on shares of Rubrik from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Cantor Fitzgerald set a $95.00 price target on shares of Rubrik in a report on Thursday. Citigroup raised their price objective on Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, Robert W. Baird lifted their target price on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Rubrik Stock Performance

RBRK traded down $2.93 during midday trading on Thursday, reaching $68.39. 632,051 shares of the company were exchanged, compared to its average volume of 3,936,911. Rubrik has a one year low of $42.25 and a one year high of $99.75. The stock has a market capitalization of $13.83 billion, a P/E ratio of -47.30 and a beta of 1.10. The stock’s 50-day simple moving average is $60.31 and its 200 day simple moving average is $62.62.

Rubrik (NYSE:RBRK) last announced 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 company had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. The business’s revenue was up 39.0% compared to the same quarter last year. During the same period last year, the company earned ($0.15) earnings per share. 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 -1.42 earnings per share for the current year.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 122,613 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the transaction, the chief financial officer owned 564,901 shares in the company, valued at $27,228,228.20. This represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the stock in a transaction on Monday, June 1st. The stock was 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 of the company’s stock, valued at $26,467,965.44. This represents a 38.84% 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. In the last 90 days, insiders have sold 398,939 shares of company stock valued at $27,628,167. 13.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rubrik

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares in the last quarter. Financial Life Planners bought a new position in shares of Rubrik during the third quarter worth about $31,000. Atlantic Union Bankshares Corp raised its position in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Rubrik in the 3rd quarter valued at approximately $34,000. Finally, Triumph Capital Management bought a new stake in Rubrik in the 4th quarter valued at approximately $33,000. Institutional investors 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).