Rubrik (NYSE:RBRK) Issues FY 2026 Earnings Guidance

Rubrik (NYSE:RBRK - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of -1.020--0.960 for the period, compared to the consensus EPS estimate of -1.150. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Rubrik also updated its Q2 2026 guidance to -0.350--0.330 EPS.

Rubrik Trading Down 0.5%

NYSE RBRK traded down $0.54 during trading on Friday, hitting $98.03. 6,567,499 shares of the company's stock were exchanged, compared to its average volume of 2,158,031. The stock's 50 day moving average price is $75.32 and its two-hundred day moving average price is $69.25. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $103.00. The company has a market cap of $18.60 billion, a PE ratio of -34.64 and a beta of 0.87.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.17. The firm had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. During the same period in the prior year, the company earned ($1.58) EPS. The business's quarterly revenue was up 48.7% compared to the same quarter last year. Analysts forecast that Rubrik will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on RBRK. Rosenblatt Securities upped their price objective on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research note on Friday. Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $110.00 price objective (up previously from $77.00) on shares of Rubrik in a research note on Friday. Wedbush reiterated an "outperform" rating and issued a $120.00 target price (up from $80.00) on shares of Rubrik in a report on Friday. Finally, William Blair assumed coverage on Rubrik in a report on Friday, February 7th. They issued a "market perform" rating on the stock. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.81.

Insiders Place Their Bets

In related news, CTO Arvind Nithrakashyap sold 32,477 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $99.83, for a total value of $3,242,178.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $210,090.00. Following the completion of the transaction, the director now owns 153 shares in the company, valued at approximately $10,714.59. This represents a 95.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 632,609 shares of company stock worth $47,450,968. Corporate insiders own 32.38% of the company's stock.

Hedge Funds Weigh In On Rubrik

A number of large investors have recently modified their holdings of RBRK. Comerica Bank lifted its holdings in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after purchasing an additional 395 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock worth $76,000 after purchasing an additional 300 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after purchasing an additional 2,000 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Rubrik by 231.3% in the 1st 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 in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Rubrik by 33.5% in the 1st 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 in the last quarter. 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.