Rubrik (NYSE:RBRK) Price Target Raised to $112.00

Rubrik (NYSE:RBRK) had its price target hoisted by Mizuho from $90.00 to $112.00 in a report released on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other analysts have also recently issued reports on the company. BTIG Research reissued a “buy” rating and set a $91.00 price objective on shares of Rubrik in a report on Thursday, June 11th. Jefferies Financial Group set a $90.00 target price on Rubrik in a report on Friday, June 5th. DA Davidson reissued a “buy” rating and issued a $90.00 price target (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. UBS Group reissued a “buy” rating and issued a $106.00 price target on shares of Rubrik in a report on Wednesday. Finally, Wolfe Research restated an “outperform” rating and issued a $95.00 price objective on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

Rubrik Trading Up 2.4%

Rubrik stock opened at $99.82 on Wednesday. Rubrik has a 1-year low of $42.25 and a 1-year high of $106.50. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of -68.84 and a beta of 1.17. The firm has a 50 day simple moving average of $82.17 and a 200 day simple moving average of $65.82.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The company’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 -1.13 EPS for the current year.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 199,447 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief technology officer directly owned 314,048 shares in the company, valued at $26,467,965.44. The trade was a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $71.49, for a total value of $284,458.71. Following the completion of the transaction, the director owned 113,477 shares in the company, valued at $8,112,470.73. This represents a 3.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 317,682 shares of company stock worth $26,402,176 over the last ninety days. 13.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in 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 buying an additional 1,678,255 shares in the last quarter. First Trust Advisors LP raised its position in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after buying an additional 2,116,272 shares in the last quarter. Norges Bank bought a new stake in shares of Rubrik during the 4th quarter worth $345,907,000. Pictet Asset Management Holding SA lifted its holdings 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 grew its position in Rubrik by 7.6% in the fourth 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 in the last quarter. 49.54% of the stock is currently owned by 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).