Mizuho Issues Positive Forecast for Rubrik (NYSE:RBRK) Stock Price

Key Points

• Mizuho raised Rubrik’s price target from $90 to $112 and maintained an “outperform” rating, implying approximately 12% upside from the prior close.
• Analyst sentiment remains broadly positive: 29 analysts rate Rubrik a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average target price of $99.32.
• Rubrik reported quarterly revenue of $387.07 million, up 39% year over year, and earnings of $0.16 per share, exceeding consensus expectations; however, insiders sold roughly $26.4 million of stock over the past 90 days.

Rubrik (NYSE:RBRK - Get Free Report) had its price target boosted by equities researchers at Mizuho from $90.00 to $112.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's target price would suggest a potential upside of 12.02% from the stock's previous close.

A number of other research analysts have also recently issued reports on the company. BMO Capital Markets boosted their target price on Rubrik from $87.00 to $98.00 and gave the company an "outperform" rating in a research note on Friday, July 10th. Wolfe Research reiterated an "outperform" rating and set a $95.00 price objective on shares of Rubrik in a report on Friday, June 5th. Citigroup raised their target price on shares of Rubrik from $88.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, June 5th. Scotiabank reiterated an "outperform" rating on shares of Rubrik in a report on Friday, June 5th. Finally, Loop Capital assumed coverage on shares of Rubrik in a research report on Monday, August 3rd. They set a "buy" rating and a $100.00 price objective for the company. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of "Moderate Buy" and an average target price of $99.32.

Rubrik Stock Performance

NYSE:RBRK traded down $0.57 during trading hours on Wednesday, hitting $99.98. The stock had a trading volume of 1,874,239 shares, compared to its average volume of 3,740,221. Rubrik has a one year low of $42.25 and a one year high of $106.50. The company has a market cap of $20.58 billion, a price-to-earnings ratio of -68.89 and a beta of 1.17. The business's 50 day moving average is $80.45 and its 200-day moving average is $64.99.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. During the same period in the prior year, the business earned ($0.15) earnings per share. The company's revenue for the quarter was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, sell-side analysts anticipate that Rubrik will post -1.16 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In other news, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction dated 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 directly owned 3,917 shares in the company, valued at $293,775. This represents a 15.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of Rubrik stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $74.11, for a total value of $185,275.00. Following the completion of the sale, the director directly owned 10,000 shares in the company, valued at approximately $741,100. This represents a 20.00% 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. Over the last 90 days, insiders sold 317,682 shares of company stock valued at $26,402,176. Corporate insiders own 13.66% of the company's stock.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of RBRK. NewEdge Advisors LLC increased its holdings in Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock valued at $125,000 after purchasing an additional 150 shares during the period. Atlantic Union Bankshares Corp grew its holdings in Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after acquiring an additional 200 shares during the period. Creative Planning raised its position in shares of Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company's stock worth $418,000 after acquiring an additional 236 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of Rubrik by 9.2% during the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company's stock valued at $255,000 after purchasing an additional 282 shares in the last quarter. Finally, Essential Partners LLC boosted its position in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock valued at $28,000 after purchasing an additional 284 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

About Rubrik

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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