Rubrik (NYSE:RBRK) Price Target Raised to $125.00

Key Points

• Mizuho raised Rubrik’s price target to $125 from $112 and maintained an “outperform” rating, implying 14.34% upside from the prior close.
• Analyst sentiment is broadly positive: 30 analysts rate the stock Buy and one rates it Sell, with a consensus “Moderate Buy” rating and an average target of $118.50.
• Rubrik beat quarterly earnings and revenue expectations, reporting EPS of $0.20 versus $0.04 expected and revenue of $427.26 million, up 43.9% year over year.

Rubrik (NYSE:RBRK - Get Free Report) had its target price raised by research analysts at Mizuho from $112.00 to $125.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price target points to a potential upside of 14.34% from the company's previous close.

Several other equities analysts also recently commented on the company. Loop Capital assumed coverage on Rubrik in a report on Monday, August 3rd. They set a "buy" rating and a $100.00 price target on the stock. BMO Capital Markets raised their target price on shares of Rubrik from $98.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, August 28th. DA Davidson raised their target price on shares of Rubrik from $90.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, August 28th. UBS Group reiterated a "buy" rating and issued a $106.00 target price on shares of Rubrik in a report on Wednesday, August 19th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $120.00 price target on shares of Rubrik in a report on Friday, August 28th. Thirty analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.50.

Rubrik Stock Performance

RBRK opened at $109.32 on Thursday. The company has a market cap of $22.66 billion, a PE ratio of -86.76 and a beta of 1.08. The stock has a 50-day moving average of $112.92 and a 200-day moving average of $78.55. Rubrik has a 52-week low of $42.25 and a 52-week high of $139.92.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 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 analyst estimates of $396.30 million. During the same period in the prior year, the company posted ($0.03) EPS. The business's revenue was up 43.9% on a year-over-year basis. 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, research analysts predict that Rubrik will post -1.19 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the business's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $118.08, for a total transaction of $1,513,785.60. Following the transaction, the chief technology officer owned 272,538 shares in the company, valued at approximately $32,181,287.04. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the business's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $116.61, for a total transaction of $84,075.81. Following the transaction, the director owned 2,988 shares in the company, valued at approximately $348,430.68. The trade was a 19.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 139,583 shares of company stock valued at $15,125,212 in the last ninety days. Company insiders own 13.66% of the company's stock.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in Rubrik in the 3rd quarter valued at approximately $27,000. Essential Partners LLC grew its holdings 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 purchasing an additional 284 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Rubrik during the 1st quarter worth approximately $46,000. Markowski Investments bought a new stake in shares of Rubrik during the second quarter valued at approximately $48,000. Finally, CoreCap Advisors LLC increased its position in shares of Rubrik by 268.2% during the third quarter. CoreCap Advisors LLC now owns 545 shares of the company's stock valued at $62,000 after purchasing an additional 397 shares during the period. 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, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents. The company's Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.

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