Analysts Set Rubrik, Inc. (NYSE:RBRK) PT at $113.31

Shares of Rubrik, Inc. (NYSE:RBRK) have been given an average rating of “Moderate Buy” by the twenty-nine brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and twenty-eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $113.3077.

RBRK has been the subject of several recent research reports. Robert W. Baird boosted their price target on shares of Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Guggenheim increased their target price on Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. Wells Fargo & Company raised their price target on Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Rubrik in a research note on Wednesday, August 19th. Finally, Truist Financial boosted their price objective on Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th.

Insider Transactions at Rubrik

In related news, Director John Thompson sold 11,000 shares of Rubrik stock in a transaction on 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. The trade was a 56.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $74.04, for a total transaction of $949,192.80. Following the sale, the chief technology officer owned 293,293 shares of the company’s stock, valued at $21,715,413.72. This represents a 4.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 147,541 shares of company stock worth $12,704,112. Insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of RBRK. Sequoia Financial Advisors LLC purchased a new stake in shares of Rubrik during the second quarter worth about $317,000. Van Hulzen Asset Management LLC bought a new stake in shares of Rubrik in the second quarter worth about $1,132,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Rubrik during the 2nd quarter valued at about $223,000. Integrated Wealth Concepts LLC increased its holdings in Rubrik by 181.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 21,471 shares of the company’s stock valued at $1,724,000 after purchasing an additional 13,854 shares during the period. Finally, NewEdge Advisors LLC raised its position in Rubrik by 3,699.4% during the 2nd quarter. NewEdge Advisors LLC now owns 6,649 shares of the company’s stock valued at $534,000 after purchasing an additional 6,474 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

Rubrik Stock Performance

Shares of RBRK opened at $112.84 on Thursday. The firm has a market cap of $23.39 billion, a price-to-earnings ratio of -89.56 and a beta of 1.24. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $113.16. The firm has a 50 day moving average price of $90.09 and a 200-day moving average price of $72.39.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. Rubrik’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. 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, equities research analysts predict that Rubrik will post -1.19 earnings per share for the current year.

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.