Brokerages Set Rubrik, Inc. (NYSE:RBRK) PT at $102.00

Rubrik, Inc. (NYSE:RBRK) has been assigned an average rating of “Moderate Buy” from the thirty research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and twenty-nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $104.56.

A number of equities research analysts have weighed in on RBRK shares. Mizuho lifted their target price on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price objective (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Guggenheim reaffirmed a “buy” rating on shares of Rubrik in a research report on Monday. UBS Group reiterated a “buy” rating and issued a $106.00 price objective on shares of Rubrik in a research note on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th.

Insiders Place Their Bets

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the transaction, the chief technology officer owned 293,293 shares in the company, valued at approximately $24,551,557.03. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00. Following the transaction, the director directly owned 3,917 shares in the company, valued at $293,775. This trade represents a 15.55% decrease in their position. 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 three months, insiders sold 324,844 shares of company stock valued at $27,172,526. 13.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. 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 worth $31,000 after acquiring an additional 200 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Rubrik in the third quarter valued at approximately $34,000. Triumph Capital Management bought a new stake in shares of Rubrik during the fourth quarter valued at approximately $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Rubrik during the fourth quarter valued at approximately $35,000. Finally, Advocate Investing Services LLC acquired a new position in shares of Rubrik during the fourth quarter worth approximately $38,000. 49.54% of the stock is owned by institutional investors.

More Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Quarterly results exceeded expectations. Rubrik reported adjusted earnings of $0.20 per share, compared with the $0.04 consensus estimate, while revenue rose 43.9% year over year to $427.26 million, topping expectations of $396.30 million. The company earned $0.20 per share versus a $0.03 loss in the year-ago quarter. Rubrik Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management issued guidance well above Wall Street forecasts. Third-quarter fiscal 2027 earnings are expected at $0.07-$0.09 per share, versus the prior consensus estimate of a $0.02 loss, with revenue of $429 million-$431 million. Full-year earnings guidance of $0.47-$0.53 per share and revenue of approximately $1.7 billion also substantially exceeded previous consensus estimates of $0.03 and $1.6 billion, respectively. Rubrik Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Analyst sentiment remains favorable. Rosenblatt raised its price target to $105 and maintained a Buy rating, while other firms have cited targets ranging from $120 to $135. Rubrik’s growth has been linked to increasing demand for cloud data protection, cybersecurity and AI-related workloads.
• Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine directors. The appointment supports the company’s governance and technology expertise but is unlikely to materially affect near-term financial results. Rubrik Appoints Rakefet Russak-Aminoach to its Board
• Negative Sentiment: Valuation and profit-taking remain risks. Some reports described an initial selloff despite the strong results, suggesting investors may be demanding even higher growth from the richly valued stock after its rapid advance. CFO Kiran Kumar Choudary also sold 10,000 shares under a pre-arranged Rule 10b5-1 plan, a relatively small transaction but a potential short-term sentiment headwind.

Rubrik Trading Up 11.5%

RBRK stock opened at $107.17 on Friday. The stock has a 50-day moving average price of $84.48 and a 200-day moving average price of $67.25. Rubrik has a 1-year low of $42.25 and a 1-year high of $107.91. The firm has a market cap of $22.06 billion, a PE ratio of -73.91 and a beta of 1.17.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, analysts forecast that Rubrik will post -1.13 earnings per share for the current year.

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).