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

Key Points

• Rubrik, Inc. has received a consensus rating of "Moderate Buy" from 19 analysts, with a majority recommending to buy the stock.
• The average 12-month price target for Rubrik's stock is $108.67, reflecting optimism in the company's future performance.
• Insider selling has occurred recently, with executives selling over 115,000 shares, yet institutional investors have substantially increased their stakes in the company.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $108.6667.

RBRK has been the subject of a number of research analyst reports. CIBC upped their price objective on shares of Rubrik from $125.00 to $130.00 and gave the company an "outperformer" rating in a research note on Thursday, September 11th. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 price objective (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Wells Fargo & Company upped their price objective on shares of Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Robert W. Baird upped their price objective on shares of Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Finally, Rosenblatt Securities increased their target price on shares of Rubrik from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th.

Insider Buying and Selling at Rubrik

In related news, CRO Brian K. Mccarthy sold 4,670 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $346,560.70. Following the completion of the sale, the executive owned 407,632 shares of the company's stock, valued at approximately $30,250,370.72. This represents a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $87.83, for a total transaction of $791,260.47. Following the sale, the director directly owned 998 shares of the company's stock, valued at approximately $87,654.34. This trade represents a 90.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 115,457 shares of company stock worth $9,354,439 in the last quarter. Company insiders own 32.38% of the company's stock.

Institutional Trading of Rubrik

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Rubrik by 73.1% during the second quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company's stock worth $1,077,106,000 after purchasing an additional 5,077,513 shares during the last quarter. Norges Bank bought a new position in Rubrik during the second quarter worth $219,132,000. First Trust Advisors LP lifted its stake in Rubrik by 44.8% during the second quarter. First Trust Advisors LP now owns 4,462,705 shares of the company's stock worth $399,814,000 after purchasing an additional 1,380,941 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Rubrik by 388.7% during the second quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company's stock worth $139,309,000 after purchasing an additional 1,237,014 shares during the last quarter. Finally, State Street Corp lifted its stake in Rubrik by 139.7% during the second quarter. State Street Corp now owns 1,771,475 shares of the company's stock worth $158,706,000 after purchasing an additional 1,032,497 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Price Performance

NYSE RBRK opened at $82.56 on Thursday. Rubrik has a 12 month low of $30.36 and a 12 month high of $103.00. The company has a 50-day moving average of $85.73 and a 200-day moving average of $81.21. The company has a market cap of $16.30 billion, a P/E ratio of -35.28 and a beta of 0.25.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to analyst estimates of $282.25 million. During the same period in the prior year, the company earned ($0.40) EPS. The company's revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. As a group, equities research analysts anticipate that Rubrik will post -7.66 EPS for the current year.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.

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