Rubrik (NYSE:RBRK) Coverage Initiated by Analysts at Berenberg Bank

Equities research analysts at Berenberg Bank began coverage on shares of Rubrik (NYSE:RBRK) in a report released on Tuesday. The firm set a “buy” rating and a $114.00 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 63.26% from the stock’s current price.

Several other equities analysts have also weighed in on the company. Mizuho upgraded Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 target price on the stock in a report on Monday. CIBC boosted their price objective on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a research note on Thursday, September 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research report on Thursday. Oppenheimer assumed coverage on Rubrik in a report on Monday. They issued a “market perform” rating on the stock. Finally, KeyCorp increased their target price on shares of Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Eighteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.69.

Rubrik Stock Performance

Shares of RBRK stock opened at $69.83 on Tuesday. The firm has a market capitalization of $13.79 billion, a PE ratio of -29.84 and a beta of 0.20. The stock has a fifty day moving average of $78.23 and a two-hundred day moving average of $84.62. Rubrik has a 1 year low of $42.50 and a 1 year high of $103.00.

Rubrik (NYSE:RBRK) last issued its earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.31. The business had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. During the same quarter in the previous year, the business posted ($0.40) earnings per share. The company’s quarterly revenue was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. Equities research analysts predict that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 40,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $2,981,015.70. Following the completion of the transaction, the chief technology officer owned 333,528 shares of the company’s stock, valued at $24,751,112.88. This represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $489,711.79. Following the transaction, the chief financial officer directly owned 516,184 shares of the company’s stock, valued at approximately $38,306,014.64. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 131,966 shares of company stock worth $10,403,823 in the last 90 days. 32.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rubrik

A number of institutional investors have recently modified their holdings of RBRK. Allworth Financial LP raised its holdings in shares of Rubrik by 1,030.8% in the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after acquiring an additional 268 shares during the last quarter. Bogart Wealth LLC raised its position in Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after acquiring an additional 243 shares during the period. ST Germain D J Co. Inc. purchased a new position in Rubrik in the second quarter valued at approximately $27,000. Beacon Capital Management LLC purchased a new position in shares of Rubrik in the second quarter valued at about $29,000. Finally, PNC Financial Services Group Inc. purchased a new position in Rubrik during the 1st quarter valued at about $30,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.