Rubrik (NYSE:RBRK) Shares Down 4.6% - Time to Sell?

Key Points

• Rubrik shares fell 4.6% to about $93.54 on Tuesday, with trading volume 77% below its average. Despite the decline, the stock remains above its 50-day and 200-day moving averages.
• Analyst sentiment remains favorable: 29 analysts rate Rubrik a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $103.96.
• Rubrik exceeded quarterly expectations, reporting $387.1 million in revenue, up 39% year over year, and EPS of $0.16 versus estimates for a loss. However, insiders sold about $26.4 million of stock over the past three months.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) dropped 4.6% on Tuesday . The stock traded as low as $94.16 and last traded at $93.5390. Approximately 866,010 shares were traded during trading, a decline of 77% from the average daily volume of 3,704,411 shares. The stock had previously closed at $98.04.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RBRK shares. Robert W. Baird raised their price objective on Rubrik from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, June 11th. DA Davidson reissued a "buy" rating and issued a $90.00 target price (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. Cantor Fitzgerald raised their target price on shares of Rubrik from $95.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Oppenheimer set a $120.00 price target on shares of Rubrik in a research note on Thursday, August 20th. Finally, KeyCorp upped their price target on shares of Rubrik from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Friday. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and an average target price of $103.96.

Rubrik Stock Down 5.3%

The firm has a market cap of $19.12 billion, a PE ratio of -64.13 and a beta of 1.17. The business has a 50 day simple moving average of $82.73 and a two-hundred day simple moving average of $66.22.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analysts' expectations of $366.31 million. The firm's revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts forecast that Rubrik, Inc. will post -1.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the completion of the sale, the director owned 113,477 shares of the company's stock, valued at approximately $8,112,470.73. The trade was a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Wendell Thompson sold 11,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total value of $909,150.00. Following the completion of the sale, the director owned 8,362 shares of the company's stock, valued at $691,119.30. The trade was a 56.81% 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. Insiders have sold 317,682 shares of company stock worth $26,402,176 in the last three months. Corporate insiders own 13.66% of the company's stock.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently made changes to their positions in RBRK. Comerica Bank increased its stake in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after buying an additional 395 shares during the period. Royal Bank of Canada grew its holdings in Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company's stock worth $1,789,000 after acquiring an additional 20,471 shares in the last quarter. NewEdge Advisors LLC increased its position in Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock valued at $76,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. increased its position in Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock valued at $57,343,000 after purchasing an additional 236,181 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after purchasing an additional 2,000 shares during the period. 49.54% of the stock is currently owned by hedge funds and other 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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