Rubrik (NYSE:RBRK) Price Target Raised to $115.00

Rubrik (NYSE:RBRK) had its target price boosted by DA Davidson from $90.00 to $115.00 in a research report sent to investors on Friday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

RBRK has been the subject of a number of other research reports. Wolfe Research reaffirmed an “outperform” rating and set a $120.00 target price on shares of Rubrik in a report on Friday. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a report on Friday, June 5th. Piper Sandler raised their price target on shares of Rubrik from $91.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday. Scotiabank restated an “outperform” rating on shares of Rubrik in a research note on Tuesday, August 25th. Finally, Mizuho lifted their price objective on shares of Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.96.

Rubrik Price Performance

Shares of RBRK stock opened at $93.17 on Friday. The firm has a market capitalization of $19.18 billion, a price-to-earnings ratio of -73.94 and a beta of 1.17. The business has a fifty day moving average of $84.94 and a 200 day moving average of $67.52. Rubrik has a 1 year low of $42.25 and a 1 year high of $107.91.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating 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. The firm’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($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. As a group, equities research analysts expect that Rubrik will post -1.13 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kiran Kumar Choudary sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction 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 trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $71.49, for a total value of $284,458.71. Following the transaction, the director owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. This represents a 3.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 111,897 shares of company stock worth $9,221,808. Corporate insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of RBRK. California State Teachers Retirement System grew its position in Rubrik by 8,477.0% during the second quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock valued at $1,186,676,000 after buying an additional 14,609,375 shares during the period. Norges Bank purchased a new position in Rubrik in the fourth quarter valued at $345,907,000. First Trust Advisors LP raised its position in shares of Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after acquiring an additional 2,116,272 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after acquiring an additional 1,678,255 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik News Roundup

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

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).