Rubrik (NYSE:RBRK) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Rubrik (NYSE:RBRK - Get Free Report) announced its earnings results on Thursday. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.17, RTT News reports. The firm had revenue of $278.48 million during the quarter, compared to the consensus estimate of $260.39 million. The business's revenue was up 48.7% compared to the same quarter last year. During the same quarter last year, the business earned ($1.58) EPS. Rubrik updated its FY 2026 guidance to -1.020--0.960 EPS and its Q2 2026 guidance to -0.350--0.330 EPS.

Rubrik Price Performance

Shares of RBRK stock traded down $0.54 during trading hours on Friday, reaching $98.03. 6,567,499 shares of the company were exchanged, compared to its average volume of 2,158,031. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $103.00. The stock's fifty day moving average is $75.32 and its two-hundred day moving average is $69.25. The company has a market cap of $18.60 billion, a price-to-earnings ratio of -34.64 and a beta of 0.87.

Insider Buying and Selling

In other Rubrik news, CFO Kiran Kumar Choudary sold 87,971 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $70.04, for a total value of $6,161,488.84. Following the sale, the chief financial officer now directly owns 413,458 shares in the company, valued at approximately $28,958,598.32. This trade represents a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Yvonne Wassenaar sold 3,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $70.03, for a total transaction of $210,090.00. Following the completion of the sale, the director now owns 153 shares in the company, valued at approximately $10,714.59. This trade represents a 95.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 632,609 shares of company stock valued at $47,450,968 over the last ninety days. Insiders own 32.38% of the company's stock.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of RBRK. Comerica Bank raised its holdings in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after purchasing an additional 395 shares during the period. NewEdge Advisors LLC raised its holdings in Rubrik by 31.6% in the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock worth $76,000 after purchasing an additional 300 shares during the period. Rhumbline Advisers raised its holdings in Rubrik by 204.1% in the first 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. Royal Bank of Canada raised its holdings in Rubrik by 231.3% in the first quarter. Royal Bank of Canada now owns 29,320 shares of the company's stock worth $1,789,000 after purchasing an additional 20,471 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock worth $57,343,000 after purchasing an additional 236,181 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBRK has been the topic of several research reports. KeyCorp boosted their price objective on shares of Rubrik from $98.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday. William Blair initiated coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating on the stock. Wedbush reiterated an "outperform" rating and set a $120.00 target price (up from $80.00) on shares of Rubrik in a research report on Friday. Guggenheim lifted their target price on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Friday. Finally, Robert W. Baird lifted their target price on shares of Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.81.

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.