Rubrik (NYSE:RBRK) Stock Price Up 3.3% – What’s Next?

Rubrik, Inc. (NYSE:RBRK) shares traded up 3.3% during mid-day trading on Thursday . The company traded as high as $92.92 and last traded at $91.7360. Approximately 240,245 shares were traded during mid-day trading, a decline of 94% from the average session volume of 3,736,140 shares. The stock had previously closed at $88.82.

Analyst Upgrades and Downgrades

RBRK has been the subject of several research analyst reports. BTIG Research lifted their target price on Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a report on Monday, August 31st. Guggenheim lifted their price objective on shares of Rubrik from $110.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Wedbush assumed coverage on shares of Rubrik in a research report on Friday. They set an “outperform” rating and a $120.00 price objective for the company. Finally, Loop Capital initiated coverage on shares of Rubrik in a report on Monday, August 3rd. They issued a “buy” rating and a $100.00 price objective on the stock. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.31.

Rubrik Stock Down 2.8%

The firm has a 50 day moving average of $87.68 and a 200-day moving average of $69.98. The firm has a market capitalization of $17.79 billion, a P/E ratio of -68.61 and a beta of 1.24.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. 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, research analysts expect that Rubrik, Inc. will post -1.21 EPS for the current year.

Insider Activity

In other Rubrik news, CFO Kiran Choudary sold 10,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.32, for a total value of $983,200.00. Following the sale, the chief financial officer owned 978,073 shares of the company’s stock, valued at approximately $96,164,137.36. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction 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 completion of the transaction, the director owned 3,709 shares in the company, valued at approximately $332,029.68. The trade was a 16.28% 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. Over the last quarter, insiders have sold 138,217 shares of company stock worth $11,706,692. Insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its position in Rubrik by 8,477.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock worth $1,186,676,000 after purchasing an additional 14,609,375 shares in the last quarter. Norges Bank acquired a new stake in Rubrik in the fourth quarter valued at approximately $345,907,000. First Trust Advisors LP boosted its position in Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after buying an additional 2,116,272 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after buying an additional 1,696,342 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Rubrik during the third quarter worth $97,828,000. Institutional investors own 49.54% of the company’s stock.

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.