Rubrik (NYSE:RBRK) Sets New 52-Week High on Earnings Beat

Rubrik, Inc. (NYSE:RBRK) reached a new 52-week high on Friday following a better than expected earnings announcement. The stock traded as high as $107.91 and last traded at $107.1690, with a volume of 8266705 shares trading hands. The stock had previously closed at $96.13.

The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. The company’s revenue was up 43.9% compared to the same quarter last year. During the same period in the previous 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.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Strong earnings beat and raised outlook: Rubrik reported fiscal Q2 EPS of $0.20 versus the $0.04 consensus and revenue of $427.3 million versus expectations of $396.3 million. Revenue increased 43.9% year over year. Management guided fiscal 2027 revenue to approximately $1.7 billion and EPS to $0.47–$0.53, well above consensus estimates. Rubrik Q2 earnings report
• Positive Sentiment: Analyst targets moved higher: BMO Capital Markets, Barclays, and DA Davidson raised their price targets to $115, while KeyCorp raised its target to $120 and BTIG lifted its target to $125. The firms maintained bullish ratings, supporting the view that the post-earnings pullback may offer an entry opportunity. DA Davidson analyst report
• Positive Sentiment: AI security opportunity: Rubrik is emphasizing the growing threat from autonomous AI agents and positioning its data-security platform to address that risk, potentially expanding demand as businesses adopt AI. Rubrik AI threats article
• Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine members. The appointment may add strategic expertise but has limited immediate earnings impact. Rubrik board appointment
• Negative Sentiment: Margin concerns overshadowed the beat: Coverage indicates that gross-margin slippage and the stock’s elevated valuation prompted investors to lock in gains after the earnings release. Shares had climbed to roughly $107.7 before retreating, suggesting expectations were already very high. Rubrik gross margin article

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RBRK shares. UBS Group reissued a “buy” rating and set a $106.00 price objective on shares of Rubrik in a report on Wednesday, August 19th. DA Davidson lifted their target price on Rubrik from $90.00 to $115.00 and gave the company a “buy” rating in a report on Friday. KeyCorp upped their price target on Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday. Wolfe Research reiterated an “outperform” rating and set a $120.00 price target on shares of Rubrik in a research report on Friday. Finally, Wells Fargo & Company increased their price target on shares of Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday. Twenty-nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.96.

Insider Transactions at Rubrik

In related news, CTO Arvind Nithrakashyap sold 199,447 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16. Following the sale, the chief technology officer owned 314,048 shares in the company, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.32, for a total value of $983,200.00. Following the sale, the chief financial officer directly owned 978,073 shares of the company’s stock, valued at $96,164,137.36. This represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 324,844 shares of company stock valued at $27,172,526. 13.66% of the stock is currently owned by company insiders.

Institutional Trading of Rubrik

A number of large investors have recently modified their holdings of RBRK. Atlantic Union Bankshares Corp grew its holdings in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Rubrik in the third quarter valued at approximately $34,000. Triumph Capital Management purchased a new stake in Rubrik in the fourth quarter valued at approximately $33,000. Los Angeles Capital Management LLC bought a new stake in Rubrik during the fourth quarter valued at approximately $35,000. Finally, Advocate Investing Services LLC bought a new stake in Rubrik during the fourth quarter valued at approximately $38,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Down 12.9%

The firm has a market capitalization of $19.18 billion, a P/E ratio of -73.94 and a beta of 1.17. The firm’s 50-day simple moving average is $84.94 and its 200-day simple moving average is $67.43.

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).