Rubrik, Inc. (NYSE:RBRK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Rubrik, Inc. (NYSE:RBRK) have been given an average recommendation of “Moderate Buy” by the twenty-nine research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and twenty-eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $93.4583.

Several equities analysts recently weighed in on RBRK shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rubrik in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Jefferies Financial Group set a $90.00 price target on Rubrik in a research report on Friday, June 5th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Finally, BTIG Research reiterated a “buy” rating and issued a $91.00 price objective on shares of Rubrik in a research report on Thursday, June 11th.

Rubrik Stock Performance

RBRK stock traded down $4.52 during trading on Friday, reaching $84.23. 2,487,156 shares of the company were exchanged, compared to its average volume of 3,430,666. The stock’s 50 day moving average price is $71.54 and its 200 day moving average price is $62.79. Rubrik has a 52-week low of $42.25 and a 52-week high of $99.75. The company has a market cap of $17.34 billion, a P/E ratio of -58.09 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same period last year, the business posted ($0.15) earnings per share. The company’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 EPS for the current year.

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $84.58, for a total value of $1,084,315.60. Following the sale, the chief technology officer directly owned 303,611 shares in the company, valued at $25,679,418.38. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97. Following the transaction, the director directly owned 4,638 shares of the company’s stock, valued at approximately $378,321.66. This trade represents a 13.45% 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. Insiders sold 287,342 shares of company stock worth $23,743,772 over the last ninety days. 13.66% of the stock is currently owned by company insiders.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Essential Partners LLC increased its position in Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Rubrik during the 3rd quarter worth about $31,000. Atlantic Union Bankshares Corp boosted its stake in shares of Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of Rubrik during the fourth quarter worth about $33,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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).