Rubrik (NYSE:RBRK) Price Target Raised to $120.00 at Rosenblatt Securities

Rubrik (NYSE:RBRK) had its target price increased by stock analysts at Rosenblatt Securities from $115.00 to $120.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ target price indicates a potential upside of 70.40% from the company’s current price.

Several other research analysts have also recently issued reports on RBRK. KeyCorp reissued an “overweight” rating on shares of Rubrik in a report on Friday. Wedbush reissued an “outperform” rating and set a $120.00 target price on shares of Rubrik in a research note on Thursday, September 11th. Robert W. Baird lifted their price target on Rubrik from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday. Guggenheim reissued a “buy” rating and issued a $108.00 target price on shares of Rubrik in a report on Monday. Finally, Berenberg Bank started coverage on shares of Rubrik in a research note on Tuesday, November 18th. They set a “buy” rating and a $114.00 price target on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $110.31.

Rubrik Price Performance

Shares of NYSE RBRK opened at $70.42 on Friday. The stock has a fifty day moving average price of $75.38 and a 200 day moving average price of $83.64. Rubrik has a 1-year low of $47.35 and a 1-year high of $103.00. The company has a market cap of $13.91 billion, a PE ratio of -30.10 and a beta of 0.32.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.26. The firm had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. During the same period in the prior year, the firm posted ($0.21) earnings per share. The business’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. Analysts anticipate that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $68.75, for a total value of $619,368.75. Following the completion of the sale, the director directly owned 998 shares of the company’s stock, valued at approximately $68,612.50. The trade was a 90.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian K. Mccarthy sold 10,000 shares of Rubrik stock in a transaction on Monday, November 10th. The shares were sold at an average price of $75.90, for a total value of $759,000.00. Following the completion of the sale, the insider directly owned 349,319 shares of the company’s stock, valued at approximately $26,513,312.10. This represents a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,966 shares of company stock valued at $8,777,876 in the last ninety days. Insiders own 32.38% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 150 shares in the last quarter. CI Investments Inc. boosted its position in Rubrik by 31.7% in the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock valued at $71,000 after buying an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Rubrik by 24.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after acquiring an additional 224 shares during the last quarter. Creative Planning boosted its holdings in Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Rubrik by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 588 shares of the company’s stock worth $53,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

About Rubrik

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.