Rubrik (NYSE:RBRK) Cut to Hold at Wall Street Zen

Key Points

• Rubrik (NYSE:RBRK) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting caution among analysts regarding the stock's performance.
• CIBC has increased its target price for Rubrik shares from $110.00 to $125.00, while Mizuho adjusted their price objective upward from $75.00 to $86.00 but changed their rating to "neutral."
• Rubrik reported a 48.7% year-over-year revenue increase, with earnings per share surpassing analysts' expectations, though guidance for future earnings remains negative.

Rubrik (NYSE:RBRK - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

A number of other equities research analysts also recently commented on RBRK. CIBC lifted their target price on shares of Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a research report on Monday, June 9th. Mizuho cut Rubrik from an "outperform" rating to a "neutral" rating and upped their price objective for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. Roth Capital raised their target price on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Wedbush boosted their price target on Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Finally, Robert W. Baird increased their price objective on shares of Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Price Performance

Rubrik stock opened at $88.6780 on Friday. Rubrik has a one year low of $29.18 and a one year high of $103.00. The stock has a market capitalization of $17.16 billion, a PE ratio of -31.33 and a beta of 0.45. The business's fifty day moving average is $87.88 and its 200 day moving average is $78.09.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts' consensus estimates of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to analysts' expectations of $260.39 million. Rubrik's quarterly revenue was up 48.7% compared to the same quarter last year. During the same period last year, the firm posted ($1.58) EPS. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. As a group, sell-side analysts expect that Rubrik will post -7.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $82.93, for a total transaction of $290,255.00. Following the completion of the transaction, the chief financial officer owned 517,095 shares of the company's stock, valued at $42,882,688.35. This represents a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ravi Mhatre sold 16,984 shares of Rubrik stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $89.47, for a total value of $1,519,558.48. Following the completion of the sale, the director directly owned 81,842 shares in the company, valued at $7,322,403.74. This trade represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,048,547 shares of company stock worth $96,252,999. 32.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RBRK. Allworth Financial LP increased its position in Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company's stock worth $26,000 after purchasing an additional 268 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Rubrik in the 2nd quarter valued at approximately $27,000. Russell Investments Group Ltd. purchased a new position in shares of Rubrik in the 4th quarter worth approximately $28,000. Beacon Capital Management LLC purchased a new position in shares of Rubrik in the 2nd quarter worth approximately $29,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the 1st quarter valued at approximately $30,000. 49.54% of the stock is currently owned by institutional investors.

About Rubrik

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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