Rubrik, Inc. (NYSE:RBRK) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is bullish: Rubrik has a “Moderate Buy” consensus from 30 analysts, with 29 buy ratings and one sell rating. The average 12-month price target is $102.
• Rubrik reported strong quarterly results: Quarterly revenue rose 39% year over year to $387.07 million, beating estimates, while adjusted EPS of $0.16 exceeded expectations for a loss.
• Shares have rallied, alongside insider selling: RBRK opened at $99.82, near its 52-week high of $106.50, while insiders sold 317,682 shares worth approximately $26.4 million over the past 90 days under pre-arranged trading plans.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) has earned an average rating of "Moderate Buy" from the thirty analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and twenty-nine have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $102.00.

RBRK has been the subject of a number of analyst reports. Guggenheim restated a "buy" rating on shares of Rubrik in a report on Friday, June 5th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rubrik in a report on Wednesday, June 24th. KeyCorp boosted their price target on Rubrik from $100.00 to $112.00 and gave the stock an "overweight" rating in a research report on Friday. BTIG Research restated a "buy" rating and set a $91.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Rubrik in a research report on Wednesday.

Insider Activity

In other news, Director Yvonne Wassenaar sold 721 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $75.00, for a total value of $54,075.00. Following the sale, the director directly owned 3,917 shares in the company, valued at approximately $293,775. This trade represents a 15.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred on Wednesday, August 5th. The stock was sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the completion of the transaction, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $24,551,557.03. The trade was 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. In the last ninety days, insiders sold 317,682 shares of company stock valued at $26,402,176. Corporate insiders own 13.66% of the company's stock.

Hedge Funds Weigh In On Rubrik

A number of large investors have recently made changes to their positions in RBRK. NewEdge Advisors LLC lifted its holdings in shares of Rubrik by 12.0% during the 2nd 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 last quarter. Atlantic Union Bankshares Corp grew its stake 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 buying an additional 200 shares during the last quarter. Creative Planning grew its stake in Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company's stock worth $418,000 after buying an additional 236 shares during the last quarter. Moors & Cabot Inc. increased its position in 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 buying an additional 282 shares in the last quarter. Finally, Essential Partners LLC increased its position in 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 buying an additional 284 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Price Performance

Shares of Rubrik stock opened at $99.82 on Friday. The stock has a market cap of $20.55 billion, a price-to-earnings ratio of -68.84 and a beta of 1.17. The firm's 50-day moving average is $82.17 and its two-hundred day moving average is $65.82. Rubrik has a 1 year low of $42.25 and a 1 year high of $106.50.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the prior year, the firm posted ($0.15) EPS. 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, equities analysts expect that Rubrik 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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