Rubrik, Inc. (NYSE:RBRK) Given Average Recommendation of “Moderate Buy” by Analysts

Rubrik, Inc. (NYSE:RBRK) has received an average rating of “Moderate Buy” from the thirty brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and twenty-nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $94.20.

A number of equities analysts have commented on RBRK shares. Wolfe Research restated an “outperform” rating and set a $95.00 price objective on shares of Rubrik in a research note on Friday, June 5th. Mizuho upped their target price on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. UBS Group reissued a “buy” rating on shares of Rubrik in a report on Monday, June 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $91.00 price target (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th.

Rubrik Stock Up 8.5%

NYSE RBRK opened at $81.11 on Wednesday. The firm has a 50-day moving average price of $76.35 and a two-hundred day moving average price of $62.86. Rubrik has a 12-month low of $42.25 and a 12-month high of $99.75. The company has a market capitalization of $16.69 billion, a P/E ratio of -55.94 and a beta of 1.17.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. The firm’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts expect that Rubrik will post -1.16 EPS for the current year.

Insider Activity

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total value of $909,150.00. Following the transaction, the director directly owned 8,362 shares of the company’s stock, valued at $691,119.30. This trade represents a 56.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the sale, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at approximately $26,467,965.44. This trade represents a 38.84% 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 sold 292,042 shares of company stock valued at $24,379,821 in the last 90 days. 13.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RBRK. Pictet Asset Management Holding SA lifted its holdings in shares of Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Norges Bank acquired a new position in Rubrik during the 4th quarter worth approximately $345,907,000. Legal & General Group Plc lifted its stake in Rubrik by 8.6% in the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after purchasing an additional 151,234 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in Rubrik by 47.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock valued at $45,571,000 after purchasing an additional 191,738 shares during the last quarter. Finally, Washington University acquired a new stake in Rubrik in the fourth quarter valued at approximately $3,861,000. 49.54% of the stock is currently 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).