BMO Capital Markets Issues Positive Forecast for Rubrik (NYSE:RBRK) Stock Price

Key Points

• BMO Capital Markets raised Rubrik’s price target to $115 from $98 and maintained an “outperform” rating, implying 7.31% upside. Analysts overall assign the stock a “Moderate Buy” consensus rating with a $106.92 average target.
• Rubrik exceeded quarterly expectations, reporting adjusted EPS of $0.20 versus $0.04 expected and revenue of $427.26 million, up 43.9% year over year. Its fiscal 2027 and third-quarter guidance also came in above analyst forecasts.
• Despite strong institutional ownership and generally bullish analyst sentiment, insiders sold 324,844 shares worth approximately $27.2 million over the past 90 days, while the stock trades near its 52-week high.

Rubrik (NYSE:RBRK - Get Free Report) had its target price upped by analysts at BMO Capital Markets from $98.00 to $115.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' target price would indicate a potential upside of 7.31% from the company's current price.

Several other research analysts have also recently weighed in on the stock. Loop Capital initiated coverage on shares of Rubrik in a report on Monday, August 3rd. They set a "buy" rating and a $100.00 price target on the stock. UBS Group reaffirmed a "buy" rating and set a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. Wedbush reissued an "outperform" rating and issued a $90.00 price objective on shares of Rubrik in a research report on Thursday, June 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Rubrik in a research note on Wednesday, June 24th. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine research 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.92.

Rubrik Stock Up 11.5%

RBRK stock opened at $107.17 on Friday. The firm has a market capitalization of $22.06 billion, a PE ratio of -73.91 and a beta of 1.17. Rubrik has a twelve month low of $42.25 and a twelve month high of $107.91. The stock's 50 day moving average is $84.48 and its 200-day moving average is $67.25.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. The company's quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter last year, the company 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. On average, equities research analysts anticipate that Rubrik will post -1.13 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 2,500 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $74.11, for a total transaction of $185,275.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company's stock, valued at approximately $741,100. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the business's stock in a transaction on Monday, July 13th. The shares were sold at an average price of $83.10, for a total value of $330,654.90. Following the completion of the sale, the director owned 125,351 shares in the company, valued at approximately $10,416,668.10. The trade was a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 324,844 shares of company stock worth $27,172,526 over the last 90 days. Corporate insiders own 13.66% of the company's stock.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently added to or reduced their stakes in RBRK. California State Teachers Retirement System increased its stake in shares of Rubrik by 8,477.0% in the second quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company's stock worth $1,186,676,000 after purchasing an additional 14,609,375 shares in the last quarter. Norges Bank purchased a new position in Rubrik in the 4th quarter valued at approximately $345,907,000. First Trust Advisors LP raised its holdings in Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock valued at $540,259,000 after acquiring an additional 2,116,272 shares during the period. Pictet Asset Management Holding SA raised its holdings in Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Rubrik by 12.9% during 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 in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik News Summary

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Results significantly exceeded expectations. Rubrik reported adjusted EPS of $0.20 versus the $0.04 analyst consensus, while revenue rose 43.9% year over year to $427.26 million, ahead of the $396.30 million estimate. The quarter also marked an improvement from a $0.03 per-share loss a year earlier. Rubrik Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management issued guidance well above Wall Street forecasts. Fiscal 2027 EPS guidance is $0.47–$0.53 versus consensus of $0.03, with revenue guidance of approximately $1.7 billion versus $1.6 billion expected. Third-quarter EPS guidance of $0.07–$0.09 and revenue guidance of $429–$431 million also exceed consensus estimates. Rubrik Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Analyst sentiment remains supportive. Rosenblatt Securities raised its price target from $95 to $105 and maintained a Buy rating, while reports also cited bullish expectations from Scotiabank. Rosenblatt Raises Rubrik Price Target
• Neutral Sentiment: Rubrik expanded its board from eight to nine directors by appointing Rakefet Russak-Aminoach. The addition may strengthen the company’s strategic and technology oversight but is unlikely to materially affect near-term results. Rubrik Appoints Rakefet Russak-Aminoach
• Negative Sentiment: The stock’s reaction has been volatile despite the strong report. Some coverage described a decline after earnings, suggesting investors may have been taking profits or demanding an even stronger outlook. With RBRK near its 52-week high and trading at a substantial growth-stock valuation, expectations are elevated and further gains may require continued execution. Rubrik Tumbles Despite Strong Q2 Results and Guidance

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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