Rubrik (NYSE:RBRK) Research Coverage Started at Berenberg Bank

Berenberg Bank began coverage on shares of Rubrik (NYSE:RBRK) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $114.00 price objective on the stock.

RBRK has been the topic of several other reports. Mizuho raised shares of Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 target price on the stock in a report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $115.00 price target on shares of Rubrik in a research report on Wednesday, September 10th. Wedbush restated an “outperform” rating and set a $120.00 price objective on shares of Rubrik in a research report on Thursday, September 11th. FBN Securities reaffirmed an “outperform” rating on shares of Rubrik in a report on Wednesday, September 10th. Finally, Oppenheimer initiated coverage on Rubrik in a research note on Monday. They issued a “market perform” rating on the stock. Eighteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.69.

Rubrik Price Performance

Shares of NYSE RBRK opened at $67.75 on Tuesday. The stock has a market capitalization of $13.38 billion, a PE ratio of -28.95 and a beta of 0.20. The business has a fifty day moving average price of $77.21 and a two-hundred day moving average price of $84.37. Rubrik has a fifty-two week low of $46.00 and a fifty-two week high of $103.00.

Rubrik (NYSE:RBRK) last released its earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to analyst estimates of $282.25 million. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period last year, the company posted ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, equities analysts expect that Rubrik will post -7.66 EPS for the current year.

Insider Transactions at Rubrik

In related news, CTO Arvind Nithrakashyap sold 40,170 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the sale, the chief technology officer owned 333,528 shares of the company’s stock, valued at $24,751,112.88. This trade represents a 10.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Brian K. Mccarthy sold 12,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $87.84, for a total value of $1,098,000.00. Following the sale, the executive owned 406,052 shares in the company, valued at $35,667,607.68. This represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 131,966 shares of company stock valued at $10,356,678 over the last quarter. 32.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Rubrik by 73.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock worth $1,077,106,000 after acquiring an additional 5,077,513 shares during the last quarter. Norges Bank acquired a new position in shares of Rubrik during the second quarter worth $219,132,000. First Trust Advisors LP grew its stake in shares of Rubrik by 44.8% in the second quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock worth $399,814,000 after purchasing an additional 1,380,941 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Rubrik by 388.7% in the second quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock worth $139,309,000 after purchasing an additional 1,237,014 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Rubrik by 101.8% in the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after purchasing an additional 1,229,476 shares during the period. Institutional investors own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.