Rubrik (NYSE:RBRK) Sets New 12-Month High - Here's What Happened

Key Points

• Rubrik shares reached a new 52-week high, trading as high as $124.27 and closing well above the previous session’s $118.58. The company now has a market capitalization of approximately $25.46 billion.
• Analyst sentiment remains broadly positive: 28 analysts rate the stock a Buy and one rates it a Sell, resulting in a “Moderate Buy” consensus and an average price target of $114.42.
• Rubrik’s latest quarterly results exceeded expectations, with EPS of $0.20 versus a $0.04 consensus estimate and revenue of $427.26 million, up 43.9% year over year. Insiders have sold $11.7 million of stock over the past 90 days, while institutional investors own 49.54% of shares.

Rubrik, Inc. (NYSE:RBRK - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday. The stock traded as high as $124.27 and last traded at $122.8020, with a volume of 4103498 shares changing hands. The stock had previously closed at $118.58.

Wall Street Analyst Weigh In

RBRK has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Rubrik in a research report on Monday, August 31st. Loop Capital started coverage on Rubrik in a research note on Monday, August 3rd. They issued a "buy" rating and a $100.00 price target for the company. Stephens reiterated an "overweight" rating on shares of Rubrik in a research report on Friday, August 28th. Wedbush began coverage on shares of Rubrik in a research report on Friday, September 11th. They set an "outperform" rating and a $120.00 target price for the company. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Rubrik in a research note on Tuesday, August 25th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.42.

Rubrik Stock Performance

The firm has a fifty day simple moving average of $97.59 and a two-hundred day simple moving average of $76.62. The firm has a market cap of $25.46 billion, a PE ratio of -97.46 and a beta of 1.12.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analysts' expectations of $396.30 million. During the same period last year, the company earned ($0.03) earnings per share. The firm's 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. Equities analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In related news, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $89.52, for a total value of $64,543.92. Following the completion of the transaction, the director owned 3,709 shares in the company, valued at approximately $332,029.68. This trade represents a 16.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $90.41, for a total value of $1,159,056.20. Following the completion of the transaction, the chief technology officer owned 293,293 shares of the company's stock, valued at approximately $26,516,620.13. This represents a 4.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 130,021 shares of company stock valued at $11,681,266. Corporate insiders own 13.66% of the company's stock.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently modified their holdings of RBRK. Pictet Asset Management Holding SA lifted its position in Rubrik by 104.1% in the first 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 last quarter. Clearbridge Investments LLC increased its position in Rubrik by 7.6% during the fourth quarter. Clearbridge Investments LLC now owns 1,363,888 shares of the company's stock valued at $104,310,000 after acquiring an additional 96,360 shares during the last quarter. SG Americas Securities LLC raised its stake 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 during the period. Atreides Management LP lifted its holdings in shares of Rubrik by 18.9% in the 4th quarter. Atreides Management LP now owns 895,029 shares of the company's stock worth $68,452,000 after acquiring an additional 142,277 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Rubrik by 135.1% in the 4th quarter. Fiera Capital Corp now owns 777,909 shares of the company's stock worth $59,494,000 after acquiring an additional 446,996 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

About Rubrik

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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