Rubrik, Inc. (NYSE:RBRK) Stock Has Consensus Price Target of $114.42

Shares of Rubrik, Inc. (NYSE:RBRK) have been assigned a consensus rating of “Moderate Buy” from the twenty-nine analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and twenty-eight have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $114.42.

RBRK has been the subject of a number of research reports. Barclays upped their target price on shares of Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Monday, September 21st. Stephens reiterated an “overweight” rating on shares of Rubrik in a report on Friday, August 28th. DA Davidson lifted their price target on shares of Rubrik from $90.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Telsey Advisory Group set a $120.00 price target on shares of Rubrik in a research note on Friday, August 28th.

Rubrik Price Performance

RBRK stock opened at $113.59 on Monday. Rubrik has a 1-year low of $42.25 and a 1-year high of $127.90. The company has a market capitalization of $23.55 billion, a price-to-earnings ratio of -90.15 and a beta of 1.12. The business has a 50 day simple moving average of $103.99 and a two-hundred day simple moving average of $80.15.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data 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 company had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period last year, the business earned ($0.03) earnings per share. 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 anticipate that Rubrik will post -1.19 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction dated 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 sale, the chief technology officer directly owned 293,293 shares of the company’s stock, valued at approximately $26,516,620.13. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 978,073 shares of the company’s stock, valued at approximately $96,164,137.36. The trade was a 1.01% 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 sold 139,583 shares of company stock valued at $13,515,814 in the last 90 days. Insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

A number of large investors have recently added to or reduced their stakes in RBRK. Pictet Asset Management Holding SA grew its holdings 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 valued at $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. SG Americas Securities LLC increased its position in Rubrik by 1,284.7% in the first quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company’s stock worth $57,358,000 after purchasing an additional 1,086,697 shares during the last quarter. Atreides Management LP increased its position in Rubrik by 18.9% in the fourth quarter. Atreides Management LP now owns 895,029 shares of the company’s stock worth $68,452,000 after purchasing an additional 142,277 shares during the last quarter. Wellington Management Group LLP increased its position in Rubrik by 48.8% in the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock worth $58,744,000 after purchasing an additional 240,062 shares during the last quarter. Finally, Congress Asset Management Co. increased its position in Rubrik by 32.6% in the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after purchasing an additional 175,866 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

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

The company’s primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.