Rubrik (NYSE:RBRK) Shares Gap Up on Analyst Upgrade

Key Points

• Rubrik shares jumped after Rosenblatt Securities raised its price target from $95 to $105 and maintained a buy rating; the stock opened at $101.99 versus a prior close of $96.13.
• Analyst sentiment remains broadly positive, with 29 buy ratings and one sell rating, producing a “Moderate Buy” consensus and an average price target of $104.56. Other firms’ targets range as high as $135.
• Rubrik recently exceeded quarterly expectations, reporting $0.16 in earnings per share and $387.07 million in revenue, up 39% year over year. However, insiders have sold approximately $27.4 million worth of shares over the past three months.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) gapped up before the market opened on Thursday after Rosenblatt Securities raised their price target on the stock from $95.00 to $105.00. The stock had previously closed at $96.13, but opened at $101.99. Rosenblatt Securities currently has a buy rating on the stock. Rubrik shares last traded at $105.4170, with a volume of 593,533 shares changing hands.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rubrik in a research report on Wednesday, June 24th. BMO Capital Markets increased their target price on shares of Rubrik from $87.00 to $98.00 and gave the company an "outperform" rating in a report on Friday, July 10th. Cantor Fitzgerald increased their price objective on shares of Rubrik from $95.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Citigroup upped their target price on Rubrik from $88.00 to $96.00 and gave the company a "buy" rating in a report on Friday, June 5th. Finally, Truist Financial lifted their price target on Rubrik from $90.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Twenty-nine 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 presently has an average rating of "Moderate Buy" and an average price target of $104.56.

Insider Buying and Selling

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total transaction of $909,150.00. Following the completion of the sale, the director directly owned 8,362 shares in the company, valued at $691,119.30. The trade was a 56.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 10,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00. Following the completion of the transaction, the chief financial officer directly owned 978,073 shares in the company, valued at $96,164,137.36. The trade was a 1.01% 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. Over the last three months, insiders have sold 327,682 shares of company stock worth $27,385,376. Insiders own 13.66% of the company's stock.

Institutional Trading of Rubrik

A number of institutional investors have recently modified their holdings of RBRK. Essential Partners LLC lifted its position in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock worth $28,000 after purchasing an additional 284 shares during the period. Atlantic Union Bankshares Corp raised its stake in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after buying an additional 200 shares in the last quarter. Triumph Capital Management bought a new position in Rubrik in the fourth quarter worth about $33,000. Banque Cantonale Vaudoise bought a new stake in Rubrik during the 3rd quarter valued at approximately $34,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Rubrik during the 4th quarter worth approximately $35,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Stock Performance

The stock has a market cap of $21.78 billion, a P/E ratio of -73.22 and a beta of 1.17. The firm has a 50-day moving average price of $83.75 and a 200-day moving average price of $66.85.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analysts' expectations of $366.31 million. During the same period in the previous year, the company earned ($0.15) earnings per share. Rubrik's revenue for the quarter was up 39.0% on a year-over-year basis. 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, research analysts predict that Rubrik, Inc. will post -1.13 earnings per share for the current year.

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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