Rubrik (NYSE:RBRK) Earns "Outperform" Rating from Wedbush

Key Points

• Rubrik's stock received an "outperform" rating from Wedbush, with a price target of $120.00 indicating a potential upside of nearly 48% from its previous close.
• Despite positive ratings from several analysts, including Roth Capital and CIBC, Rubrik's stock saw a recent downgrade from Wall Street Zen.
• Rubrik reported a quarterly revenue of $309.86 million, surpassing estimates, but posted a larger-than-expected loss per share of ($0.49).

Rubrik (NYSE:RBRK - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Wedbush in a report released on Thursday,Benzinga reports. They presently have a $120.00 price objective on the stock. Wedbush's price target points to a potential upside of 47.98% from the company's previous close.

Several other research firms also recently weighed in on RBRK. Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Roth Capital boosted their price target on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Rosenblatt Securities boosted their price target on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday. CIBC upped their target price on Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a research note on Monday, June 9th. Finally, Barclays upped their target price on Rubrik from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday. Fifteen research 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 company currently has an average rating of "Moderate Buy" and an average target price of $104.06.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $81.09 on Thursday. The business's 50-day moving average is $88.06 and its 200 day moving average is $79.34. Rubrik has a 1 year low of $30.09 and a 1 year high of $103.00. The firm has a market capitalization of $15.69 billion, a P/E ratio of -34.66 and a beta of 0.43.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.15). The business had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.26 million. The business's revenue was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. On average, analysts expect that Rubrik will post -7.66 EPS for the current year.

Insider Buying and Selling at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $85.97, for a total transaction of $2,149,250.00. Following the completion of the transaction, the executive owned 431,052 shares of the company's stock, valued at $37,057,540.44. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Enrique T. Salem sold 700,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $91.09, for a total value of $63,763,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 910,586 shares of company stock valued at $82,305,628. 32.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RBRK. Vanguard Group Inc. grew its position in Rubrik by 73.1% in the second quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company's stock worth $1,077,106,000 after acquiring an additional 5,077,513 shares during the period. Norges Bank purchased a new position in Rubrik in the second quarter worth approximately $219,132,000. First Trust Advisors LP boosted its position in shares of 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 buying an additional 1,380,941 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Rubrik during the fourth quarter worth $85,331,000. Finally, Acadian Asset Management LLC boosted its position in shares of 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 buying an additional 1,237,014 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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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