Rubrik (NYSE:RBRK) Price Target Raised to $139.00 at Robert W. Baird

Key Points

• Robert W. Baird raised Rubrik’s price target to $139 from $130 and maintained an “outperform” rating, implying approximately 24% upside from the current price.
• Rubrik reported quarterly EPS of $0.20 versus the $0.04 consensus estimate, while revenue rose 43.9% year over year to $427.26 million, exceeding expectations.
• Analyst sentiment remains broadly positive, with 28 Buy ratings and one Sell rating; however, insiders have sold $12.7 million of stock over the past 90 days.

Rubrik (NYSE:RBRK - Get Free Report) had its price objective lifted by research analysts at Robert W. Baird from $130.00 to $139.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's price target suggests a potential upside of 24.37% from the stock's current price.

A number of other research firms have also weighed in on RBRK. DA Davidson increased their price objective on shares of Rubrik from $90.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Oppenheimer set a $120.00 target price on Rubrik in a research note on Thursday, August 20th. KeyCorp increased their price target on Rubrik from $112.00 to $120.00 and gave the stock an "overweight" rating in a report on Friday, August 28th. Wells Fargo & Company raised their price target on Rubrik from $90.00 to $120.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 25th. Finally, UBS Group restated a "buy" rating and set a $106.00 price objective on shares of Rubrik in a report on Wednesday, August 19th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Rubrik has an average rating of "Moderate Buy" and an average target price of $114.42.

Rubrik Trading Down 1.1%

NYSE:RBRK opened at $111.76 on Wednesday. The business's 50-day moving average is $90.56 and its 200 day moving average is $72.79. Rubrik has a 12 month low of $42.25 and a 12 month high of $113.95. The company has a market capitalization of $23.17 billion, a P/E ratio of -88.70 and a beta of 1.24.

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, topping analysts' consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analysts' expectations of $396.30 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The business's quarterly 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 forecast that Rubrik will post -1.19 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $74.04, for a total transaction of $949,192.80. Following the sale, the chief technology officer owned 293,293 shares in the company, valued at approximately $21,715,413.72. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 company's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.32, for a total transaction of $983,200.00. Following the transaction, the chief financial officer owned 978,073 shares in the company, valued at $96,164,137.36. The trade was a 1.01% decrease in their position. 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. Insiders have sold a total of 147,541 shares of company stock worth $12,704,112 in the last ninety days. 13.66% of the stock is owned by insiders.

Institutional Trading of Rubrik

A number of hedge funds have recently modified their holdings of RBRK. Moors & Cabot Inc. boosted its holdings in shares of Rubrik by 9.2% in the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company's stock valued at $255,000 after acquiring an additional 282 shares in the last quarter. Essential Partners LLC raised its holdings in Rubrik by 99.3% during the first 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. Eventide Asset Management LLC lifted its position in Rubrik by 2.7% in the fourth quarter. Eventide Asset Management LLC now owns 11,426 shares of the company's stock worth $877,000 after purchasing an additional 304 shares during the period. Versant Capital Management Inc increased its position in shares of Rubrik by 54.6% during the 2nd quarter. Versant Capital Management Inc now owns 926 shares of the company's stock valued at $74,000 after purchasing an additional 327 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Rubrik by 14.5% in the 4th quarter. ProShare Advisors LLC now owns 4,083 shares of the company's stock worth $312,000 after buying an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Company Profile

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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