Rubrik (NYSE:RBRK) Given New $120.00 Price Target at KeyCorp

Key Points

• KeyCorp raised Rubrik’s price target to $120 from $112 and maintained an “overweight” rating, implying roughly 12% upside. Analysts overall remain bullish, with 29 Buy ratings, one Sell rating and an average target of $106.92.
• Rubrik reported stronger-than-expected quarterly results, with adjusted EPS of $0.20 versus the $0.04 consensus and revenue of $427.26 million, up 43.9% year over year. The company also issued fiscal 2027 guidance above Wall Street expectations.
• Despite strong fundamentals, the stock has been volatile near its 52-week high; insiders have sold $27.2 million of shares over the past three months, largely through pre-arranged Rule 10b5-1 plans.

Rubrik (NYSE:RBRK - Get Free Report) had its price objective upped by investment analysts at KeyCorp from $112.00 to $120.00 in a report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's price target points to a potential upside of 11.97% from the company's current price.

Several other research firms have also recently issued reports on RBRK. Truist Financial increased their price objective on shares of Rubrik from $90.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Mizuho lifted their price target on Rubrik from $90.00 to $112.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. Jefferies Financial Group set a $90.00 target price on shares of Rubrik in a research note on Friday, June 5th. Piper Sandler reiterated an "overweight" rating and issued a $91.00 price objective (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Finally, Oppenheimer set a $120.00 target price on shares of Rubrik in a research note on Thursday, August 20th. Twenty-nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $106.92.

Rubrik Stock Performance

Rubrik stock opened at $107.17 on Friday. The company has a 50-day simple moving average of $84.48 and a 200-day simple moving average of $67.25. The firm has a market capitalization of $22.06 billion, a P/E ratio of -73.91 and a beta of 1.17. Rubrik has a one year low of $42.25 and a one year high of $107.91.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. During the same quarter in the previous year, the business posted ($0.03) EPS. Rubrik'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. As a group, sell-side analysts forecast 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 Rubrik stock in a transaction 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 completion of the sale, the chief financial officer 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 position. The transaction 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, CTO Arvind Nithrakashyap sold 12,820 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the completion of the sale, the chief technology officer owned 293,293 shares of the company's stock, valued at $24,551,557.03. This represents a 4.19% 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. Over the last three months, insiders sold 324,844 shares of company stock valued at $27,172,526. 13.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently bought and sold shares of the stock. Essential Partners LLC boosted its stake in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock worth $28,000 after acquiring an additional 284 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Triumph Capital Management bought a new stake in Rubrik during the fourth quarter worth approximately $33,000. Banque Cantonale Vaudoise acquired a new position in Rubrik during the third quarter valued at approximately $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in Rubrik during the fourth quarter valued at approximately $35,000. 49.54% of the stock is currently owned by institutional investors.

Key Rubrik News

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

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).

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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