BMO Capital Markets Issues Positive Forecast for Rubrik (NYSE:RBRK) Stock Price

Rubrik (NYSE:RBRK) had its price target hoisted by analysts at BMO Capital Markets from $98.00 to $115.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 7.31% from the company’s current price.

RBRK has been the subject of several other research reports. Mizuho lifted their price objective on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Scotiabank reiterated an “outperform” rating on shares of Rubrik in a research report on Tuesday. Robert W. Baird increased their price target on shares of Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, June 11th. Oppenheimer set a $120.00 target price on shares of Rubrik in a research report on Thursday, August 20th. Finally, Wells Fargo & Company increased their target price on Rubrik from $90.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and a consensus target price of $106.92.

Rubrik Trading Up 11.5%

Shares of Rubrik stock opened at $107.17 on Friday. Rubrik has a 12-month low of $42.25 and a 12-month high of $107.91. The company has a market cap of $22.06 billion, a price-to-earnings ratio of -73.91 and a beta of 1.17. The company’s 50-day moving average price is $84.48 and its 200-day moving average price is $67.25.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. Rubrik’s revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, sell-side analysts predict that Rubrik will post -1.13 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 199,447 shares of Rubrik stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $84.55, for a total transaction of $930,050.00. Following the completion of the sale, the director directly owned 4,653 shares of the company’s stock, valued at $393,411.15. This trade represents a 70.27% 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 have sold 324,844 shares of company stock worth $27,172,526 over the last ninety days. Insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in Rubrik by 8,477.0% in the second quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock valued at $1,186,676,000 after purchasing an additional 14,609,375 shares during the last quarter. Norges Bank bought a new stake in Rubrik during the 4th quarter valued at $345,907,000. First Trust Advisors LP raised its holdings in Rubrik by 42.8% during the 4th 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 during the last quarter. Pictet Asset Management Holding SA boosted its position in Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after buying an additional 1,696,342 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Results significantly exceeded expectations. Rubrik reported adjusted EPS of $0.20 versus the $0.04 analyst consensus, while revenue rose 43.9% year over year to $427.26 million, ahead of the $396.30 million estimate. The quarter also marked an improvement from a $0.03 per-share loss a year earlier. Rubrik Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management issued guidance well above Wall Street forecasts. Fiscal 2027 EPS guidance is $0.47–$0.53 versus consensus of $0.03, with revenue guidance of approximately $1.7 billion versus $1.6 billion expected. Third-quarter EPS guidance of $0.07–$0.09 and revenue guidance of $429–$431 million also exceed consensus estimates. Rubrik Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Analyst sentiment remains supportive. Rosenblatt Securities raised its price target from $95 to $105 and maintained a Buy rating, while reports also cited bullish expectations from Scotiabank. Rosenblatt Raises Rubrik Price Target
• Neutral Sentiment: Rubrik expanded its board from eight to nine directors by appointing Rakefet Russak-Aminoach. The addition may strengthen the company’s strategic and technology oversight but is unlikely to materially affect near-term results. Rubrik Appoints Rakefet Russak-Aminoach
• Negative Sentiment: The stock’s reaction has been volatile despite the strong report. Some coverage described a decline after earnings, suggesting investors may have been taking profits or demanding an even stronger outlook. With RBRK near its 52-week high and trading at a substantial growth-stock valuation, expectations are elevated and further gains may require continued execution. Rubrik Tumbles Despite Strong Q2 Results and Guidance

Rubrik Company Profile

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).