Rubrik (NYSE:RBRK) Issues Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Rubrik (NYSE:RBRK) released its quarterly earnings results on Thursday. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.04 by $0.16, FiscalAI reports. The company had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. Rubrik updated its FY 2027 guidance to 0.470-0.530 EPS and its Q3 2027 guidance to 0.070-0.090 EPS.

Rubrik Price Performance

Rubrik stock traded up $11.04 during midday trading on Thursday, hitting $107.17. 7,421,742 shares of the company were exchanged, compared to its average volume of 3,730,102. The company’s fifty day moving average price is $83.75 and its 200-day moving average price is $66.85. The company has a market cap of $22.06 billion, a PE ratio of -73.91 and a beta of 1.17. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $107.91.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 10,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00. Following the completion of the transaction, the chief financial officer directly owned 978,073 shares in the company, valued at approximately $96,164,137.36. This represents a 1.01% decrease in their position. The transaction was disclosed in a 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 firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total transaction of $909,150.00. Following the transaction, the director directly owned 8,362 shares of the company’s stock, valued at approximately $691,119.30. This represents a 56.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 327,682 shares of company stock valued at $27,385,376 in the last ninety days. Insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after purchasing an additional 150 shares during the last quarter. Creative Planning lifted its position in shares of Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after purchasing an additional 236 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Rubrik by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,113 shares of the company’s stock valued at $2,429,000 after buying an additional 305 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Rubrik by 103.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 666 shares of the company’s stock valued at $55,000 after purchasing an additional 338 shares in the last quarter. Finally, Comerica Bank grew its stake 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. Institutional investors own 49.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho increased their target price on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Piper Sandler reiterated an “overweight” rating and issued a $91.00 price target (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Rosenblatt Securities lifted their price objective on Rubrik from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald raised their price objective on Rubrik from $95.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, DA Davidson reaffirmed a “buy” rating and set a $90.00 price objective (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.56.

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).