Brokerages Set Rubrik, Inc. (NYSE:RBRK) PT at $93.00

Shares of Rubrik, Inc. (NYSE:RBRK) have been assigned an average recommendation of “Moderate Buy” from the twenty-nine research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and twenty-eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $93.00.

Several research analysts have commented on the stock. Barclays boosted their price target on shares of Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Wells Fargo & Company lowered their price target on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Rubrik in a report on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $90.00 target price on shares of Rubrik in a report on Monday, June 1st. Finally, Piper Sandler restated an “overweight” rating and issued a $91.00 target price (up from $84.00) on shares of Rubrik in a report on Friday, June 5th.

Rubrik Stock Down 4.5%

NYSE RBRK opened at $68.24 on Tuesday. Rubrik has a 52 week low of $42.25 and a 52 week high of $99.75. The stock has a market capitalization of $14.05 billion, a PE ratio of -47.06 and a beta of 1.10. The firm has a 50 day moving average of $61.15 and a two-hundred day moving average of $62.69.

Rubrik (NYSE:RBRK) last posted its quarterly 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 firm had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. During the same quarter last year, the firm earned ($0.15) EPS. The company’s revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, equities research analysts expect that Rubrik will post -1.16 earnings per share for the current fiscal year.

More Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Wedbush reaffirmed its outperform rating and said Rubrik’s new AI-driven products from its Forward Conference support a bullish long-term thesis. Rubrik’s new AI-driven products keeps Wedbush bullish
• Positive Sentiment: DA Davidson reiterated buy and lifted its price target to $90 from $70 after Rubrik’s analyst/investor day, signaling confidence in the company’s growth and strategy. Rubrik, Inc. (RBRK) Analyst/Investor Day Transcript
• Positive Sentiment: BTIG Research also reiterated buy and set a $91 target, while Baird raised its target to $110 and kept an outperform rating, reinforcing analyst optimism after the company’s recent event.
• Positive Sentiment: Rubrik unveiled an autonomous business recovery tool for cloud applications and new control/recovery tools for Anthropic’s Claude AI agents, highlighting product innovation in cyber resilience and AI. Rubrik Unveils Autonomous Business Recovery Tool Designed For Cloud Applications
• Neutral Sentiment: Zacks highlighted Rubrik as a strong momentum stock, which may support investor sentiment but does not materially change fundamentals. Here’s Why Rubrik, Inc. (RBRK) is a Strong Momentum Stock
• Negative Sentiment: One recent article questioned whether Rubrik’s growth story can justify its premium valuation, a reminder that expectations are already elevated. Can Rubrik’s Growth Story Support Its Premium Valuation?

Insiders Place Their Bets

In other news, CTO Arvind Nithrakashyap sold 199,447 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $84.28, for a total value of $16,809,393.16. Following the completion of the transaction, the chief technology officer owned 314,048 shares in the company, valued at approximately $26,467,965.44. This represents a 38.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction, the director owned 4,653 shares of the company’s stock, valued at approximately $393,411.15. The trade was a 70.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 398,939 shares of company stock worth $27,628,167. 13.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RBRK. Comerica Bank boosted its holdings in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after buying an additional 395 shares in the last quarter. Royal Bank of Canada boosted its stake in Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after purchasing an additional 20,471 shares during the period. NewEdge Advisors LLC boosted its stake in Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. boosted its stake in Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares during the period. Finally, Rhumbline Advisers boosted its stake in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).