Rubrik (NYSE:RBRK) Hits New 12-Month High – Still a Buy?

Shares of Rubrik, Inc. (NYSE:RBRK) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $108.97 and last traded at $107.4610, with a volume of 1443611 shares trading hands. The stock had previously closed at $104.98.

Rubrik News Roundup

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik unveiled Rubrik Code Guardian, a new cybersecurity offering that uses Anthropic’s Claude Mythos 5 to red-team software code and prioritize risks. The product expands Rubrik’s exposure to AI-driven security demand and could strengthen its platform positioning. Rubrik Code Guardian announcement
• Positive Sentiment: Brokerage sentiment remains broadly supportive, with Rubrik carrying a consensus “Moderate Buy” rating and an average price target of approximately $113.31. Recent bullish commentary also cited strong revenue growth, $1.66 billion in net annual recurring revenue, AI-related cybersecurity demand and projected free cash flow above $330 million. Rubrik consensus rating
• Neutral Sentiment: CFO Kiran Choudary sold 4,000 shares at an average price of $101.05 and another 6,000 shares at $107.32. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, and he continued to own roughly 958,000 shares afterward, reducing the significance of the sales as a fundamental signal. CFO insider transactions
• Negative Sentiment: A bearish analyst downgraded Rubrik to “Sell,” arguing that the stock’s sharp rally has left little margin of safety. The concern is amplified by Rubrik’s high valuation and continuing GAAP losses, making the shares vulnerable to profit-taking when growth expectations are already elevated. Rubrik valuation downgrade

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RBRK shares. Oppenheimer set a $120.00 price objective on shares of Rubrik in a research note on Thursday, August 20th. Citigroup upped their target price on Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Robert W. Baird increased their price target on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Guggenheim raised their price target on Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Finally, Piper Sandler boosted their price target on Rubrik from $91.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.31.

Rubrik Stock Performance

The company has a market cap of $22.08 billion, a P/E ratio of -84.52 and a beta of 1.24. The business’s 50-day moving average price is $89.52 and its 200 day moving average price is $71.84.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Equities research analysts forecast that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $90.41, for a total value of $1,159,056.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares of the company’s stock, valued at $26,516,620.13. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 Thursday, September 3rd. The shares were sold at an average price of $89.52, for a total value of $64,543.92. Following the completion of the sale, the director directly owned 3,709 shares of the company’s stock, valued at approximately $332,029.68. The trade was a 16.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 148,217 shares of company stock worth $12,754,812 over the last ninety days. 13.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rubrik

Several institutional investors and hedge funds have recently modified their holdings of RBRK. Pictet Asset Management Holding SA boosted its holdings in shares of Rubrik by 104.1% during 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. Norges Bank bought a new position in shares of Rubrik during the fourth quarter worth approximately $345,907,000. Legal & General Group Plc increased its stake in shares of Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after purchasing an additional 151,234 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Rubrik by 11.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after purchasing an additional 28,056 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in Rubrik by 17.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock worth $34,249,000 after purchasing an additional 103,538 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

About Rubrik

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.