Rubrik (NYSE:RBRK) Earns "Overweight" Rating from Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has reiterated an "overweight" rating for Rubrik (NYSE:RBRK), setting a price target of $115.00, which indicates a potential upside of 28.78% from its previous close.
• Rubrik's recent quarterly earnings showed a revenue of $309.86 million, exceeding expectations, although the company reported a loss of ($0.49) earnings per share.
• Rubrik has received a mixed range of ratings from analysts, with fifteen rating it as a Buy and three as a Hold, leading to an average rating of "Moderate Buy" with a target of $104.06.

Rubrik (NYSE:RBRK - Get Free Report)'s stock had its "overweight" rating reiterated by investment analysts at Cantor Fitzgerald in a report released on Wednesday,Benzinga reports. They currently have a $115.00 price target on the stock. Cantor Fitzgerald's price objective points to a potential upside of 28.78% from the company's previous close.

A number of other equities analysts also recently issued reports on RBRK. UBS Group restated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Wedbush raised their price objective on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Mizuho downgraded Rubrik from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $75.00 to $86.00 in a research note on Thursday, May 15th. Finally, Robert W. Baird raised their price objective on Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of "Moderate Buy" and an average price target of $104.06.

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $89.30 on Wednesday. Rubrik has a 52-week low of $30.09 and a 52-week high of $103.00. The firm has a market capitalization of $17.28 billion, a P/E ratio of -32.28 and a beta of 0.43. The stock has a 50 day moving average price of $88.15 and a 200-day moving average price of $79.33.

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 company had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.26 million. The firm's revenue was up 44.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($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, equities analysts forecast that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In related news, Director Ravi Mhatre sold 16,984 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the transaction, the director owned 81,842 shares in the company, valued at $7,322,403.74. The trade was a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Lightspeed Management Company, sold 16,984 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $89.47, for a total value of $1,519,558.48. Following the transaction, the insider owned 59,182 shares of the company's stock, valued at approximately $5,295,013.54. The trade was a 22.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 910,586 shares of company stock worth $82,305,628. 32.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Allworth Financial LP raised its position in shares of Rubrik by 1,030.8% in the 2nd quarter. Allworth Financial LP now owns 294 shares of the company's stock worth $26,000 after acquiring an additional 268 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Rubrik in the 2nd quarter worth $27,000. Beacon Capital Management LLC purchased a new stake in Rubrik in the second quarter valued at about $29,000. PNC Financial Services Group Inc. purchased a new stake in Rubrik in the first quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new stake in Rubrik in the first quarter valued at about $31,000. 49.54% of the stock is owned by 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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