Rubrik (NYSE:RBRK) Earns Outperform Rating from Analysts at Wolfe Research

Equities researchers at Wolfe Research began coverage on shares of Rubrik (NYSE:RBRK) in a report issued on Friday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $70.00 price target on the stock. Wolfe Research’s price objective suggests a potential upside of 31.79% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. UBS Group set a $65.00 price target on Rubrik in a research note on Monday. BMO Capital Markets increased their price objective on shares of Rubrik from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Wedbush lowered their target price on shares of Rubrik from $120.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. The Goldman Sachs Group dropped their target price on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, KeyCorp cut their price target on shares of Rubrik from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and an average target price of $84.83.

Rubrik Stock Down 1.1%

Shares of NYSE RBRK opened at $53.11 on Friday. Rubrik has a twelve month low of $42.25 and a twelve month high of $103.00. The firm has a market cap of $10.74 billion, a PE ratio of -30.01 and a beta of 0.63. The business has a fifty day simple moving average of $51.62 and a two-hundred day simple moving average of $64.05.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to the consensus estimate of $342.43 million. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Rubrik’s revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, research analysts expect that Rubrik will post -1.41 earnings per share for the current year.

Insider Activity at Rubrik

In related news, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $53.62, for a total transaction of $589,820.00. Following the sale, the director directly owned 4,653 shares of the company’s stock, valued at approximately $249,493.86. This represents a 70.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark D. Mclaughlin purchased 10,638 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The shares were purchased at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the transaction, the director owned 13,639 shares of the company’s stock, valued at $643,897.19. This trade represents a 354.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 203,113 shares of company stock worth $10,157,582 in the last three months. Company insiders own 32.38% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC boosted its position in Rubrik by 12.6% during the first quarter. Kestra Advisory Services LLC now owns 11,558 shares of the company’s stock worth $566,000 after purchasing an additional 1,294 shares in the last quarter. Money Concepts Capital Corp increased its position in shares of Rubrik by 82.4% in the first quarter. Money Concepts Capital Corp now owns 31,933 shares of the company’s stock valued at $1,564,000 after buying an additional 14,422 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Rubrik by 17.4% in the first quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock valued at $34,249,000 after buying an additional 103,538 shares in the last quarter. Praxis Investment Management Inc. acquired a new position in shares of Rubrik during the 1st quarter worth approximately $241,000. Finally, Private Advisor Group LLC raised its stake in shares of Rubrik by 34.1% during the 1st quarter. Private Advisor Group LLC now owns 99,094 shares of the company’s stock worth $4,853,000 after buying an additional 25,187 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

About Rubrik

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).