Rubrik (NYSE:RBRK) Stock Price Up 7.6% – What’s Next?

Rubrik, Inc. (NYSE:RBRK)’s share price shot up 7.6% on Friday . The company traded as high as $75.44 and last traded at $75.6380. 842,463 shares were traded during trading, a decline of 78% from the average session volume of 3,754,200 shares. The stock had previously closed at $70.32.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. DA Davidson set a $70.00 price objective on shares of Rubrik in a report on Friday, March 13th. BMO Capital Markets upped their price objective on shares of Rubrik from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Rosenblatt Securities reduced their target price on shares of Rubrik from $120.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Barclays reduced their target price on shares of Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Finally, Guggenheim restated a “buy” rating and issued a $110.00 price objective on shares of Rubrik in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $85.32.

Rubrik Price Performance

The firm has a market cap of $15.56 billion, a P/E ratio of -43.47 and a beta of 0.63. The business’s 50-day moving average is $55.24 and its two-hundred day moving average is $62.29.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share 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 the consensus estimate of $342.43 million. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period last year, the business posted ($0.18) EPS. 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 predict that Rubrik, Inc. will post -1.45 EPS for the current year.

Insider Buying and Selling at Rubrik

In other news, Director Mark D. Mclaughlin purchased 10,638 shares of the business’s stock in a transaction on Monday, March 30th. The stock was purchased at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the purchase, the director directly owned 13,639 shares in the company, valued at $643,897.19. The trade was a 354.48% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the completion of the sale, the chief financial officer owned 549,901 shares of the company’s stock, valued at approximately $28,424,382.69. This represents a 3.51% 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. Insiders sold a total of 183,113 shares of company stock worth $9,076,797 over the last quarter. 13.66% of the stock is currently owned by insiders.

Institutional Trading of Rubrik

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Rubrik by 12.9% during 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 during the last quarter. First Trust Advisors LP lifted its stake 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 worth $540,259,000 after buying an additional 2,116,272 shares during the last quarter. Norges Bank acquired a new stake in shares of Rubrik during the 4th quarter worth about $345,907,000. Pictet Asset Management Holding SA raised its stake in Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Rubrik by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after purchasing an additional 178,714 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).