Rubrik (NYSE:RBRK) Shares Gap Up on Strong Earnings

Rubrik, Inc. (NYSE:RBRK) shares gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $70.43, but opened at $87.04. Rubrik shares last traded at $88.6130, with a volume of 4,987,422 shares traded.

The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. During the same period in the previous year, the company posted ($0.21) EPS. The company’s quarterly revenue was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. KeyCorp dropped their price objective on shares of Rubrik from $117.00 to $113.00 and set an “overweight” rating on the stock in a report on Friday. Guggenheim set a $110.00 price target on Rubrik in a report on Friday. Roth Capital restated a “buy” rating on shares of Rubrik in a research note on Friday. BMO Capital Markets cut their price objective on Rubrik from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rubrik in a report on Friday. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Rubrik presently has a consensus rating of “Moderate Buy” and an average target price of $110.19.

Insider Transactions at Rubrik

In related news, CTO Arvind Nithrakashyap sold 40,170 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the sale, the chief technology officer owned 333,528 shares in the company, valued at $24,751,112.88. The trade was a 10.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian K. Mccarthy sold 10,000 shares of Rubrik stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $75.90, for a total transaction of $759,000.00. Following the sale, the insider owned 349,319 shares in the company, valued at approximately $26,513,312.10. This represents a 2.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,966 shares of company stock valued at $8,777,876 over the last quarter. 32.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its position in Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after purchasing an additional 268 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of Rubrik in the 2nd quarter worth about $27,000. Bogart Wealth LLC increased its position in shares of Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares during the last quarter. Beacon Capital Management LLC bought a new stake in Rubrik in the 2nd quarter worth approximately $29,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after buying an additional 340 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Up 26.2%

The firm has a market capitalization of $17.56 billion, a P/E ratio of -37.60 and a beta of 0.32. The business’s 50-day simple moving average is $75.38 and its 200 day simple moving average is $83.64.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.