Rubrik, Inc. (NYSE:RBRK) Stock Has Average Price Target of $114.42

Key Points

• Analysts remain broadly bullish on Rubrik: Twenty-eight of 29 brokerages rate the stock a buy, producing a “Moderate Buy” consensus and an average 12-month price target of $114.42.
• Rubrik reported quarterly revenue of $427.26 million, up 43.9% year over year, and earnings per share of $0.20, beating estimates of $0.04. Analysts expect the company to remain unprofitable for the current year, with projected EPS of -$1.19.
• Insiders have been selling shares under pre-arranged Rule 10b5-1 plans, with $13.5 million in stock sold over the past 90 days, while institutional investors own 49.54% of the company.

Shares of Rubrik, Inc. (NYSE:RBRK - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and twenty-eight have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $114.42.

A number of equities analysts have recently commented on RBRK shares. Oppenheimer set a $120.00 target price on Rubrik in a report on Thursday, August 20th. BTIG Research increased their price target on Rubrik from $109.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 28th. KeyCorp raised their price target on Rubrik from $112.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, August 28th. Wedbush assumed coverage on shares of Rubrik in a research note on Friday, September 11th. They set an "outperform" rating and a $120.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on shares of Rubrik from $98.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, August 28th.

Insider Activity

In related news, Director Yvonne Wassenaar sold 721 shares of the company's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $119.00, for a total transaction of $85,799.00. Following the transaction, the director directly owned 2,988 shares in the company, valued at approximately $355,572. This represents a 19.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Thompson sold 11,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the completion of the sale, the director directly owned 8,362 shares in the company, valued at $967,399.78. This trade represents a 56.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 139,583 shares of company stock worth $13,515,814 over the last 90 days. Insiders own 13.66% of the company's stock.

Institutional Trading of Rubrik

Several institutional investors have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its holdings in shares of Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock worth $162,572,000 after buying an additional 1,696,342 shares during the period. Congress Asset Management Co. increased its stake in shares of Rubrik by 32.6% during the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company's stock valued at $81,909,000 after buying an additional 175,866 shares during the period. Atreides Management LP increased its stake in shares of Rubrik by 18.9% during the fourth quarter. Atreides Management LP now owns 895,029 shares of the company's stock valued at $68,452,000 after buying an additional 142,277 shares during the period. Wellington Management Group LLP increased its stake in shares of Rubrik by 48.8% during the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company's stock valued at $58,744,000 after buying an additional 240,062 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Rubrik by 1,284.7% in the first quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company's stock valued at $57,358,000 after acquiring an additional 1,086,697 shares in the last quarter. Institutional investors own 49.54% of the company's stock.

Rubrik Stock Down 0.2%

Shares of NYSE:RBRK opened at $124.84 on Monday. Rubrik has a 52 week low of $42.25 and a 52 week high of $127.90. The stock has a market capitalization of $25.88 billion, a P/E ratio of -99.08 and a beta of 1.12. The firm has a fifty day simple moving average of $101.76 and a two-hundred day simple moving average of $78.68.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share 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 the consensus estimate of $396.30 million. During the same quarter last year, the firm 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, analysts expect that Rubrik will post -1.19 earnings per share for the current year.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.

The company's primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.

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