Rubrik (NYSE:RBRK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Rubrik (NYSE:RBRK) had its price objective upped by equities researchers at Robert W. Baird from $130.00 to $139.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 24.37% from the company’s current price.

RBRK has been the subject of several other research reports. Loop Capital initiated coverage on Rubrik in a research note on Monday, August 3rd. They issued a “buy” rating and a $100.00 price target for the company. DA Davidson upped their price objective on shares of Rubrik from $90.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Guggenheim lifted their price objective on Rubrik from $110.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. BMO Capital Markets increased their price objective on Rubrik from $98.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Finally, Stephens restated an “overweight” rating on shares of Rubrik in a report on Friday, August 28th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.42.

Rubrik Stock Down 1.1%

Shares of NYSE RBRK opened at $111.76 on Wednesday. The business has a fifty day simple moving average of $90.56 and a 200-day simple moving average of $72.79. The company has a market cap of $23.17 billion, a price-to-earnings ratio of -88.70 and a beta of 1.24. Rubrik has a 12 month low of $42.25 and a 12 month high of $113.95.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. Rubrik’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, sell-side analysts expect that Rubrik will post -1.19 EPS for the current fiscal year.

Insider Transactions at Rubrik

In related news, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $89.52, for a total value of $64,543.92. Following the transaction, the director directly owned 3,709 shares in the company, valued at $332,029.68. This represents a 16.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $90.41, for a total value of $1,159,056.20. Following the completion of the transaction, the chief technology officer directly owned 293,293 shares in the company, valued at $26,516,620.13. The trade was a 4.19% 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 147,541 shares of company stock valued at $12,704,112 in the last three months. Company insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essential Partners LLC raised its holdings in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after buying an additional 284 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Rubrik in the 1st quarter valued at $46,000. Markowski Investments acquired a new position in Rubrik in the 2nd quarter worth about $48,000. EverSource Wealth Advisors LLC boosted its stake in shares of Rubrik by 256.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,476 shares of the company’s stock valued at $72,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Rubrik by 54.6% in the 2nd quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock valued at $74,000 after buying an additional 327 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.