Rubrik (NYSE:RBRK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Rubrik (NYSE:RBRK) had its price target lifted by investment analysts at Robert W. Baird from $100.00 to $110.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 54.22% from the stock’s previous close.

Other analysts have also issued reports about the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 price target on shares of Rubrik in a research note on Monday, June 1st. Mizuho lifted their price target on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Oppenheimer lifted their price target on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $71.33 on Thursday. The business’s 50 day moving average price is $60.31 and its 200-day moving average price is $62.62. The firm has a market capitalization of $14.43 billion, a PE ratio of -49.19 and a beta of 1.10. Rubrik has a 1 year low of $42.25 and a 1 year high of $99.75.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. The business’s revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, analysts expect that Rubrik will post -1.42 earnings per share for the current year.

Insider Activity at Rubrik

In related news, Director Mark D. Mclaughlin acquired 10,638 shares of the stock in a transaction on Monday, March 30th. The shares were bought at an average price of $47.21 per share, with a total value of $502,219.98. Following the completion of the purchase, the director owned 13,639 shares of the company’s stock, valued at approximately $643,897.19. This represents a 354.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Wendell Thompson sold 11,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.55, for a total value of $930,050.00. Following the transaction, the director directly owned 4,653 shares in the company, valued at $393,411.15. This trade represents 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. Insiders have sold a total of 398,939 shares of company stock valued at $27,628,167 in the last three months. Company insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essential Partners LLC raised its position in Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of Rubrik in the 1st quarter valued at $506,000. Smith Group Asset Management LLC purchased a new stake in shares of Rubrik in the 1st quarter valued at $617,000. ADAR1 Capital Management LLC purchased a new stake in shares of Rubrik in the 1st quarter valued at $240,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Rubrik in the 1st quarter valued at $46,000. Hedge funds and other institutional investors 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).