Brokerages Set Rubrik, Inc. (NYSE:RBRK) Target Price at $93.00

Shares of Rubrik, Inc. (NYSE:RBRK) have earned a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and twenty-eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $93.00.

A number of equities analysts recently commented on the company. KeyCorp increased their price target on Rubrik from $70.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Wedbush restated an “outperform” rating and set a $90.00 price objective on shares of Rubrik in a research report on Thursday, June 11th. Jefferies Financial Group set a $90.00 price objective on Rubrik in a research report on Friday, June 5th. Truist Financial restated a “buy” rating and set a $90.00 price objective (up from $80.00) on shares of Rubrik in a research report on Friday, June 5th. Finally, Wells Fargo & Company decreased their price objective on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th.

Insider Buying and Selling

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $80.73, for a total transaction of $58,206.33. Following the sale, the director directly owned 2,326 shares in the company, valued at $187,777.98. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $82.16, for a total value of $1,053,291.20. Following the sale, the chief technology officer owned 314,048 shares in the company, valued at approximately $25,802,183.68. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 398,939 shares of company stock valued at $27,628,167. 13.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Norges Bank acquired a new stake in shares of Rubrik in the 4th quarter worth $345,907,000. ARK Investment Management LLC lifted its position in Rubrik by 21.1% during the 3rd quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock worth $26,247,000 after acquiring an additional 55,500 shares during the period. Legal & General Group Plc lifted its position in Rubrik by 8.6% during the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after acquiring an additional 151,234 shares during the period. Citigroup Inc. lifted its position in Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock worth $8,557,000 after acquiring an additional 70,504 shares during the period. Finally, S&CO Inc. lifted its position in Rubrik by 102.8% during the 3rd quarter. S&CO Inc. now owns 53,612 shares of the company’s stock worth $4,409,000 after acquiring an additional 27,179 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Trading Up 2.4%

Shares of Rubrik stock opened at $69.83 on Tuesday. The stock has a 50 day moving average of $61.52 and a 200 day moving average of $62.66. Rubrik has a 12 month low of $42.25 and a 12 month high of $99.75. The firm has a market cap of $14.37 billion, a PE ratio of -48.16 and a beta of 1.09.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. During the same period in the previous year, the company posted ($0.15) earnings per share. Rubrik’s quarterly revenue was up 39.0% on a year-over-year basis. 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, equities research analysts forecast that Rubrik will post -1.16 earnings per share for the current fiscal year.

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).