Rubrik (NYSE:RBRK) Price Target Raised to $114.00

Rubrik (NYSE:RBRK) had its price target lifted by Scotiabank from $95.00 to $114.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a sector outperform rating on the stock.

Several other brokerages have also recently issued reports on RBRK. KeyCorp lifted their price objective on Rubrik from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Wolfe Research reissued an “outperform” rating and issued a $95.00 target price on shares of Rubrik in a report on Friday, June 5th. UBS Group restated a “buy” rating and issued a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. Wells Fargo & Company lifted their price target on Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.56.

Rubrik Trading Up 11.5%

RBRK stock opened at $107.17 on Tuesday. The firm has a 50 day moving average of $84.48 and a 200-day moving average of $67.25. Rubrik has a 12-month low of $42.25 and a 12-month high of $107.91. The company has a market cap of $22.06 billion, a price-to-earnings ratio of -73.91 and a beta of 1.17.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. Rubrik’s revenue was up 43.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Sell-side analysts forecast that Rubrik will post -1.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 199,447 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the transaction, the chief technology officer owned 314,048 shares of the company’s stock, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 completion of the transaction, the director directly owned 4,653 shares of the company’s stock, valued at approximately $393,411.15. This trade represents a 70.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 324,844 shares of company stock worth $27,172,526 in the last ninety days. Insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently made changes to their positions in RBRK. Comerica Bank boosted its stake in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares during the last quarter. Royal Bank of Canada raised its stake in Rubrik by 231.3% in the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after purchasing an additional 20,471 shares during the last quarter. NewEdge Advisors LLC raised its stake in Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after purchasing an additional 300 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after purchasing an additional 2,000 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Quarterly results exceeded expectations. Rubrik reported adjusted earnings of $0.20 per share, compared with the $0.04 consensus estimate, while revenue rose 43.9% year over year to $427.26 million, topping expectations of $396.30 million. The company earned $0.20 per share versus a $0.03 loss in the year-ago quarter. Rubrik Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management issued guidance well above Wall Street forecasts. Third-quarter fiscal 2027 earnings are expected at $0.07-$0.09 per share, versus the prior consensus estimate of a $0.02 loss, with revenue of $429 million-$431 million. Full-year earnings guidance of $0.47-$0.53 per share and revenue of approximately $1.7 billion also substantially exceeded previous consensus estimates of $0.03 and $1.6 billion, respectively. Rubrik Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Analyst sentiment remains favorable. Rosenblatt raised its price target to $105 and maintained a Buy rating, while other firms have cited targets ranging from $120 to $135. Rubrik’s growth has been linked to increasing demand for cloud data protection, cybersecurity and AI-related workloads.
• Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine directors. The appointment supports the company’s governance and technology expertise but is unlikely to materially affect near-term financial results. Rubrik Appoints Rakefet Russak-Aminoach to its Board
• Negative Sentiment: Valuation and profit-taking remain risks. Some reports described an initial selloff despite the strong results, suggesting investors may be demanding even higher growth from the richly valued stock after its rapid advance. CFO Kiran Kumar Choudary also sold 10,000 shares under a pre-arranged Rule 10b5-1 plan, a relatively small transaction but a potential short-term sentiment headwind.

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).