Rubrik (NYSE:RBRK) Updates Q3 2027 Earnings Guidance

Key Points

• Rubrik raised its Q3 fiscal 2027 outlook to EPS of $0.07–$0.09 and revenue of $429 million–$431 million, above analyst estimates of a $0.02 loss per share and $418 million in revenue. Full-year EPS guidance was set at $0.47–$0.53.
• Shares jumped 11.5% to $107.17 after Rubrik reported quarterly EPS of $0.20 and revenue of $427.26 million, both exceeding consensus estimates. Analysts remain broadly bullish, with 29 Buy ratings, one Sell rating, and a consensus price target of $104.56.
• Insiders sold 327,682 shares worth approximately $27.4 million over the past 90 days, while institutional investors own 49.54% of the company.

Rubrik (NYSE:RBRK - Get Free Report) issued an update on its third quarter 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.070-0.090 for the period, compared to the consensus earnings per share estimate of -0.020. The company issued revenue guidance of $429.0 million-$431.0 million, compared to the consensus revenue estimate of $418.0 million. Rubrik also updated its FY 2027 guidance to 0.470-0.530 EPS.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RBRK. Oppenheimer set a $120.00 price objective on shares of Rubrik in a report on Thursday, August 20th. Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a report on Friday, June 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of Rubrik in a report on Wednesday, August 19th. Wells Fargo & Company lifted their price objective on shares of Rubrik from $90.00 to $120.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, BMO Capital Markets increased their price target on Rubrik from $87.00 to $98.00 and gave the company an "outperform" rating in a research note on Friday, July 10th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Rubrik has a consensus rating of "Moderate Buy" and a consensus target price of $104.56.

Rubrik Stock Up 11.5%

Shares of NYSE:RBRK traded up $11.04 during midday trading on Thursday, hitting $107.17. The stock had a trading volume of 7,421,742 shares, compared to its average volume of 3,730,102. The company's 50-day moving average price is $83.75 and its 200-day moving average price is $66.85. The company has a market capitalization of $22.06 billion, a P/E ratio of -73.91 and a beta of 1.17. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $107.91.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Research analysts expect that Rubrik will post -1.13 EPS for the current fiscal year.

Insider Activity at Rubrik

In related news, CTO Arvind Nithrakashyap sold 12,820 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the sale, the chief technology officer owned 293,293 shares in the company, valued at $24,551,557.03. The trade was a 4.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.00, for a total transaction of $54,075.00. Following the completion of the transaction, the director owned 3,917 shares of the company's stock, valued at approximately $293,775. This trade represents a 15.55% 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 have sold a total of 327,682 shares of company stock worth $27,385,376 over the last 90 days. 13.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its holdings in Rubrik by 104.8% in the fourth quarter. Pacer Advisors Inc. now owns 14,033 shares of the company's stock worth $1,073,000 after acquiring an additional 7,181 shares in the last quarter. Corient Private Wealth LLC purchased a new position in Rubrik in the fourth quarter worth $5,896,000. Alpine Woods Capital Investors LLC bought a new position in Rubrik during the fourth quarter valued at about $765,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Rubrik by 63.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,114 shares of the company's stock worth $1,003,000 after purchasing an additional 5,086 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Rubrik by 50.2% in the fourth quarter. Vident Advisory LLC now owns 5,861 shares of the company's stock valued at $448,000 after buying an additional 1,958 shares during the period. 49.54% of the stock is owned by institutional investors.

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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