Rubrik, Inc. (NYSE:RBRK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Rubrik, Inc. (NYSE:RBRK) have been given a consensus recommendation of “Moderate Buy” by the twenty-nine research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, twenty-six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $84.8333.

A number of brokerages have recently commented on RBRK. Truist Financial cut their target price on shares of Rubrik from $110.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Citigroup cut their target price on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Scotiabank set a $70.00 target price on shares of Rubrik and gave the company a “sector outperform” rating in a research note on Monday, April 20th. UBS Group set a $65.00 target price on shares of Rubrik in a research note on Monday, April 27th. Finally, The Goldman Sachs Group lowered their price target on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a report on Monday, February 9th.

Rubrik Trading Down 1.1%

Shares of RBRK stock opened at $64.27 on Friday. The company’s fifty day simple moving average is $53.51 and its 200-day simple moving average is $62.59. Rubrik has a 52 week low of $42.25 and a 52 week high of $103.00. The company has a market cap of $13.00 billion, a PE ratio of -36.31 and a beta of 0.63.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same period in the prior year, the business posted ($0.18) EPS. The business’s revenue was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities research analysts expect that Rubrik will post -1.41 EPS for the current fiscal year.

Insider Activity at Rubrik

In other news, Director Mark D. Mclaughlin purchased 10,638 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was acquired at an average cost of $47.21 per share, with a total value of $502,219.98. Following the acquisition, the director owned 13,639 shares in the company, valued at approximately $643,897.19. This trade represents a 354.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Wendell Thompson sold 2,500 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $55.51, for a total transaction of $138,775.00. Following the sale, the director directly owned 17,500 shares of the company’s stock, valued at approximately $971,425. The trade was a 12.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 183,113 shares of company stock valued at $9,076,797. Corporate insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently added to or reduced their stakes in the company. Strs Ohio grew its holdings in Rubrik by 90.8% during the 3rd quarter. Strs Ohio now owns 62,300 shares of the company’s stock worth $5,124,000 after acquiring an additional 29,649 shares in the last quarter. WCM Investment Management LLC acquired a new position in Rubrik during the 3rd quarter worth $4,717,000. ARK Investment Management LLC grew its holdings in Rubrik by 21.1% during the 3rd quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock worth $26,247,000 after acquiring an additional 55,500 shares in the last quarter. Citigroup Inc. grew its holdings in Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock worth $8,557,000 after acquiring an additional 70,504 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in Rubrik by 471.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after acquiring an additional 41,756 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

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).