Rubrik (NYSE:RBRK) Price Target Raised to $115.00 at Canadian Imperial Bank of Commerce

Key Points

• Canadian Imperial Bank of Commerce raised its price target on Rubrik to $115 from $110 and kept an outperformer rating, implying roughly 56.5% upside from the current share price.
• Rubrik’s latest earnings beat expectations, posting $0.16 EPS on $387.1 million in revenue versus estimates, while revenue rose 39% year over year.
• Despite the strong results and upbeat analyst revisions, RBRK shares fell 4.6% on Friday, and recent insider selling may be adding pressure to sentiment.

Rubrik (NYSE:RBRK - Get Free Report) had its target price boosted by stock analysts at Canadian Imperial Bank of Commerce from $110.00 to $115.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "outperformer" rating on the stock. Canadian Imperial Bank of Commerce's target price suggests a potential upside of 56.50% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Rubrik from $73.00 to $87.00 and gave the company an "outperform" rating in a research report on Friday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rubrik in a research report on Friday, March 27th. Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a research note on Friday. Truist Financial restated a "buy" rating and issued a $90.00 target price (up from $80.00) on shares of Rubrik in a research report on Friday. Finally, DA Davidson increased their price target on shares of Rubrik from $70.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $92.56.

Rubrik Trading Down 4.6%

Shares of NYSE:RBRK traded down $3.52 on Friday, hitting $73.48. The company had a trading volume of 4,158,638 shares, compared to its average volume of 3,911,907. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of -41.59 and a beta of 1.10. The stock has a 50 day moving average price of $58.27 and a 200 day moving average price of $62.54. Rubrik has a 1-year low of $42.25 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.28 million. During the same period in the previous year, the firm posted ($0.15) EPS. The business's quarterly revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Sell-side analysts anticipate that Rubrik will post -1.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rubrik news, Director Yvonne Wassenaar sold 2,838 shares of the business's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $212,850.00. Following the sale, the director directly owned 2,326 shares of the company's stock, valued at $174,450. The trade was a 54.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $84.55, for a total transaction of $930,050.00. Following the transaction, the director directly owned 4,653 shares of the company's stock, valued at $393,411.15. The trade was a 70.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 398,939 shares of company stock valued at $27,628,167 over the last three months. Insiders own 13.66% of the company's stock.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently made changes to their positions in RBRK. Vanguard Group Inc. increased its position in shares of Rubrik by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company's stock worth $1,123,836,000 after buying an additional 1,678,255 shares during the period. First Trust Advisors LP grew its holdings in Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock worth $540,259,000 after acquiring an additional 2,116,272 shares during the period. Norges Bank bought a new position in shares of Rubrik in the 4th quarter worth about $345,907,000. Pictet Asset Management Holding SA lifted its stake in shares of Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after purchasing an additional 1,696,342 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Rubrik by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company's stock valued at $193,433,000 after purchasing an additional 178,714 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors.

Rubrik News Roundup

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik reported fiscal Q1 earnings of $0.16 per share versus expectations for a loss, and revenue of $387.1 million topped estimates, signaling strong demand and execution. Rubrik Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised both quarterly and full-year guidance, reinforcing confidence that subscription growth and improving margins can continue as cyber resilience demand rises. Rubrik beats Q1 estimates, raises full-year guidance as cyber resilience demand rises
• Positive Sentiment: Several analysts lifted targets after the results, including Wedbush, BMO Capital Markets, DA Davidson, and Oppenheimer, which points to growing Street confidence in Rubrik’s outlook. Analyst target updates for Rubrik
• Neutral Sentiment: Rubrik also gained early access to Anthropic’s Mythos Research Preview, a potentially positive long-term AI/cybersecurity partnership, but the near-term financial impact is not yet clear. Rubrik Gets Early Access To Anthropic Mythos Research Preview To Strengthen Cyber Resilience
• Neutral Sentiment: One report noted Rubrik’s strong May performance was helped by Snowflake’s earnings, reflecting broader momentum in the cybersecurity ecosystem rather than a company-specific catalyst. How Rubrik Stock Soared 47.9% Last Month
• Negative Sentiment: Rubrik shares slipped after the earnings release despite the beat, suggesting some investors were taking profits after the stock’s strong recent move. Rubrik Shares Slip Despite Beating Q1 Estimates, Raised Guidance
• Negative Sentiment: CTO Arvind Nithrakashyap, along with directors John Wendell Thompson and Yvonne Wassenaar, disclosed sizable share sales, which may be weighing on sentiment even though the trades were pre-planned. SEC filing for insider sales

Rubrik Company Profile

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).

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