Barclays Issues Pessimistic Forecast for Rubrik (NYSE:RBRK) Stock Price

Key Points

• Barclays cut its price target on Rubrik from $100 to $70 but maintained an "overweight" rating, a move that still implies roughly a 35% upside from the stock's prior close.
• Analyst consensus remains a "Moderate Buy" with an average price target of $102.11, although several firms (including Goldman Sachs and KeyCorp) have recently trimmed their targets, signaling mixed sentiment.
• Shares fell about 3.4% to $51.85; Rubrik has a $10.38B market cap, a negative P/E, and insiders have sold roughly $18.7M of stock in the past 90 days (insiders own 32.38%).

Rubrik (NYSE:RBRK - Get Free Report) had its target price cut by research analysts at Barclays from $100.00 to $70.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 35.00% from the company's previous close.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Rubrik from $120.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, February 9th. DA Davidson started coverage on Rubrik in a report on Monday, February 23rd. They issued a "buy" rating and a $65.00 price objective on the stock. Citigroup reaffirmed a "buy" rating on shares of Rubrik in a research report on Monday, January 12th. Guggenheim set a $110.00 target price on Rubrik in a research report on Friday, December 5th. Finally, KeyCorp dropped their price target on shares of Rubrik from $95.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $102.11.

Rubrik Trading Down 3.4%

Shares of NYSE RBRK traded down $1.84 during midday trading on Tuesday, reaching $51.85. The company's stock had a trading volume of 650,554 shares, compared to its average volume of 3,776,292. Rubrik has a one year low of $46.36 and a one year high of $103.00. The company has a market cap of $10.38 billion, a price-to-earnings ratio of -26.59 and a beta of 0.46. The company has a 50 day moving average price of $63.11 and a 200 day moving average price of $73.59.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million for the quarter, compared to the consensus estimate of $320.19 million. The company's quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200--0.160 EPS and its Q4 2026 guidance at -0.120--0.100 EPS. Research analysts anticipate that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian K. Mccarthy sold 10,000 shares of the firm's stock in a transaction on Monday, January 12th. The shares were sold at an average price of $70.88, for a total value of $708,800.00. Following the sale, the insider owned 330,772 shares in the company, valued at approximately $23,445,119.36. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $54.17, for a total transaction of $1,083,400.00. Following the transaction, the chief financial officer directly owned 474,959 shares in the company, valued at $25,728,529.03. This trade represents a 4.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 247,878 shares of company stock valued at $18,657,436 over the last ninety days. 32.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently made changes to their positions in RBRK. Strs Ohio increased its stake in shares of Rubrik by 90.8% in the third quarter. Strs Ohio now owns 62,300 shares of the company's stock valued at $5,124,000 after buying an additional 29,649 shares in the last quarter. WCM Investment Management LLC acquired a new position in Rubrik during the 3rd quarter worth about $4,717,000. TD Waterhouse Canada Inc. grew its holdings in Rubrik by 471.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company's stock worth $4,181,000 after acquiring an additional 41,756 shares during the last quarter. Truist Financial Corp increased its position in Rubrik by 1,228.3% in the 3rd quarter. Truist Financial Corp now owns 40,752 shares of the company's stock valued at $3,352,000 after acquiring an additional 37,684 shares in the last quarter. Finally, Slow Capital Inc. bought a new position in shares of Rubrik in the third quarter worth about $3,341,000. Institutional investors and hedge funds own 49.54% of the company's stock.

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).

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