Rubrik (NYSE:RBRK) Sets New 12-Month High - Should You Buy?

Key Points

• Rubrik shares reached a new 52-week high of $113.95, supported by strong analyst sentiment. Twenty-eight analysts rate the stock Buy versus one Sell, with an average target price of $113.31 and recent targets as high as $135.
• The company reported better-than-expected quarterly results, posting $0.20 in EPS versus the $0.04 consensus and revenue of $427.26 million, up 43.9% year over year.
• Despite the positive operating momentum, Rubrik trades at a negative P/E ratio and insiders sold 147,541 shares worth about $12.7 million over the past three months, including sales by a director and the CTO under pre-arranged trading plans.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $113.95 and last traded at $111.7630, with a volume of 3544568 shares traded. The stock had previously closed at $112.96.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RBRK shares. KeyCorp increased their target price on shares of Rubrik from $112.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, August 28th. Stephens reaffirmed an "overweight" rating on shares of Rubrik in a research report on Friday, August 28th. Oppenheimer set a $120.00 price objective on Rubrik in a report on Thursday, August 20th. Loop Capital started coverage on Rubrik in a research report on Monday, August 3rd. They issued a "buy" rating and a $100.00 price objective for the company. Finally, Truist Financial boosted their target price on Rubrik from $90.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rubrik has an average rating of "Moderate Buy" and an average target price of $113.31.

Rubrik Price Performance

The business's fifty day moving average price is $90.56 and its two-hundred day moving average price is $72.79. The stock has a market capitalization of $23.17 billion, a PE ratio of -88.70 and a beta of 1.24.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The business's revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities research analysts anticipate that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Insider Transactions at Rubrik

In related news, Director John Thompson sold 11,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $89.03, for a total value of $979,330.00. Following the sale, the director owned 8,362 shares in the company, valued at $744,468.86. This represents a 56.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the completion of the transaction, the chief technology officer owned 293,293 shares in the company, valued at approximately $26,516,620.13. This trade represents a 4.19% 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 three months, insiders sold 147,541 shares of company stock worth $12,704,112. 13.66% of the stock is owned by company insiders.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Moors & Cabot Inc. boosted its stake in Rubrik by 9.2% during the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company's stock worth $255,000 after buying an additional 282 shares during the last quarter. Essential Partners LLC grew its holdings in Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock valued at $28,000 after buying an additional 284 shares in the last quarter. Eventide Asset Management LLC increased its stake in shares of Rubrik by 2.7% in the 4th quarter. Eventide Asset Management LLC now owns 11,426 shares of the company's stock worth $877,000 after acquiring an additional 304 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Rubrik by 54.6% in the 2nd quarter. Versant Capital Management Inc now owns 926 shares of the company's stock worth $74,000 after acquiring an additional 327 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Rubrik by 14.5% during the 4th quarter. ProShare Advisors LLC now owns 4,083 shares of the company's stock worth $312,000 after acquiring an additional 518 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

About Rubrik

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

The company's principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.

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