Rubrik (NYSE:RBRK) Given "Outperform" Rating at Wedbush

Key Points

• Wedbush reaffirmed an “Outperform” rating on Rubrik with a $120 price target, implying 34.53% upside from the stock’s $89.20 price. Analysts overall remain bullish, with 28 Buy ratings and a consensus target of $113.31.
• Rubrik reported a quarterly earnings beat, posting $0.20 in EPS versus the $0.04 consensus estimate and $427.26 million in revenue, up 43.9% year over year.
• Insiders sold 138,217 shares worth approximately $11.7 million during the last quarter, while institutional investors and hedge funds own 49.54% of Rubrik’s stock.

Rubrik (NYSE:RBRK - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Wedbush in a research note issued to investors on Friday, Benzinga reports. They currently have a $120.00 price objective on the stock. Wedbush's target price points to a potential upside of 34.53% from the stock's current price.

RBRK has been the topic of a number of other research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $120.00 target price on shares of Rubrik in a report on Friday, August 28th. Stephens restated an "overweight" rating on shares of Rubrik in a research report on Friday, August 28th. Loop Capital initiated coverage on Rubrik in a research report on Monday, August 3rd. They set a "buy" rating and a $100.00 price objective on the stock. UBS Group restated a "buy" rating and set a $106.00 target price on shares of Rubrik in a research note on Wednesday, August 19th. Finally, Piper Sandler upped their price target on Rubrik from $91.00 to $114.00 and gave the stock an "overweight" rating in a research note on Friday, August 28th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $113.31.

Rubrik Price Performance

Shares of Rubrik stock opened at $89.20 on Friday. The company has a 50-day moving average of $87.62 and a 200 day moving average of $69.86. Rubrik has a 1 year low of $42.25 and a 1 year high of $107.91. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of -70.80 and a beta of 1.24.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analysts' expectations of $396.30 million. The business's quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($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 analysts anticipate that Rubrik will post -1.21 EPS for the current year.

Insider Transactions at Rubrik

In related news, Director John Thompson sold 11,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $89.03, for a total transaction of $979,330.00. Following the completion of the transaction, the director owned 8,362 shares in the company, valued at $744,468.86. The trade was a 56.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $89.52, for a total value of $64,543.92. Following the transaction, the director directly owned 3,709 shares in the company, valued at approximately $332,029.68. The trade was a 16.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 138,217 shares of company stock valued at $11,706,692. Company insiders own 13.66% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Comerica Bank grew its stake in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after acquiring an additional 395 shares during the last quarter. Royal Bank of Canada grew its position in Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company's stock worth $1,789,000 after purchasing an additional 20,471 shares during the last quarter. NewEdge Advisors LLC increased its stake in Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock valued at $76,000 after purchasing an additional 300 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock worth $57,343,000 after buying an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after buying an additional 2,000 shares during the period. 49.54% of the stock is 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.

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