Rubrik (NYSE:RBRK) Earns Outperform Rating from Analysts at Wolfe Research

Key Points

• Wolfe Research initiated coverage on Rubrik with an "Outperform" rating and a $70 price target, implying roughly a 31.8% upside from the prior close.
• Rubrik beat Q1 estimates with EPS of $0.04 versus a -$0.11 consensus and revenue of $377.7M (vs. $342.4M), up 46.3% year-over-year, and gave Q1 FY27 guidance of -$0.040 to -$0.020 and FY27 guidance of $0.070 to $0.270 EPS.
• Analysts show a consensus "Moderate Buy" with an average target of $84.83 (mix of Strong Buy/Buy/Hold/Sell ratings), while insiders sold about 203,113 shares (~$10.16M) recently even as some directors bought stock; institutional investors hold roughly 49.5% of the company.

Equities researchers at Wolfe Research began coverage on shares of Rubrik (NYSE:RBRK - Get Free Report) in a report issued on Friday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $70.00 price target on the stock. Wolfe Research's price objective suggests a potential upside of 31.79% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. UBS Group set a $65.00 price target on Rubrik in a research note on Monday. BMO Capital Markets increased their price objective on shares of Rubrik from $58.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Wedbush lowered their target price on shares of Rubrik from $120.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, March 13th. The Goldman Sachs Group dropped their target price on shares of Rubrik from $120.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, February 9th. Finally, KeyCorp cut their price target on shares of Rubrik from $80.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Rubrik presently has an average rating of "Moderate Buy" and an average target price of $84.83.

Rubrik Stock Down 1.1%

Shares of NYSE RBRK opened at $53.11 on Friday. Rubrik has a twelve month low of $42.25 and a twelve month high of $103.00. The firm has a market cap of $10.74 billion, a PE ratio of -30.01 and a beta of 0.63. The business has a fifty day simple moving average of $51.62 and a two-hundred day simple moving average of $64.05.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to the consensus estimate of $342.43 million. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Rubrik's revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, research analysts expect that Rubrik will post -1.41 earnings per share for the current year.

Insider Activity at Rubrik

In related news, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $53.62, for a total transaction of $589,820.00. Following the sale, the director directly owned 4,653 shares of the company's stock, valued at approximately $249,493.86. This represents a 70.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark D. Mclaughlin purchased 10,638 shares of the company's stock in a transaction that occurred on Monday, March 30th. The shares were purchased at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the transaction, the director owned 13,639 shares of the company's stock, valued at $643,897.19. This trade represents a 354.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 203,113 shares of company stock worth $10,157,582 in the last three months. Company insiders own 32.38% of the company's stock.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC boosted its position in Rubrik by 12.6% during the first quarter. Kestra Advisory Services LLC now owns 11,558 shares of the company's stock worth $566,000 after purchasing an additional 1,294 shares in the last quarter. Money Concepts Capital Corp increased its position in shares of Rubrik by 82.4% in the first quarter. Money Concepts Capital Corp now owns 31,933 shares of the company's stock valued at $1,564,000 after buying an additional 14,422 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Rubrik by 17.4% in the first quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company's stock valued at $34,249,000 after buying an additional 103,538 shares in the last quarter. Praxis Investment Management Inc. acquired a new position in shares of Rubrik during the 1st quarter worth approximately $241,000. Finally, Private Advisor Group LLC raised its stake in shares of Rubrik by 34.1% during the 1st quarter. Private Advisor Group LLC now owns 99,094 shares of the company's stock worth $4,853,000 after buying an additional 25,187 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

About Rubrik

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.