Rubrik (NYSE:RBRK) Releases Quarterly Earnings Results

Key Points

• Rubrik reported a quarterly loss of $0.49 EPS, missing analysts' expectations by $0.16.
• Despite the earnings miss, Rubrik's stock rose 3.2% following the announcement, reaching $98.71.
• Several analysts raised their price targets for Rubrik, with Roth Capital setting a new target at $107.00 and BMO Capital at $110.00, indicating positive expectations for the stock.

Rubrik (NYSE:RBRK - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.15), Zacks reports. During the same quarter in the previous year, the company posted ($0.40) earnings per share. The business's revenue for the quarter was up 44.9% on a year-over-year basis. Rubrik updated its Q3 2026 guidance to -0.180--0.160 EPS and its FY 2026 guidance to -0.500--0.440 EPS.

Rubrik Stock Performance

RBRK stock traded up $3.10 on Tuesday, reaching $98.71. The company's stock had a trading volume of 8,618,910 shares, compared to its average volume of 3,003,301. The firm has a market cap of $19.10 billion, a PE ratio of -34.88 and a beta of 0.44. The business has a fifty day simple moving average of $87.89 and a two-hundred day simple moving average of $79.19. Rubrik has a 12-month low of $29.18 and a 12-month high of $103.00.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RBRK. KeyCorp reiterated an "overweight" rating and set a $113.00 price objective (up from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Robert W. Baird lifted their price target on shares of Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. BMO Capital Markets restated an "outperform" rating and issued a $110.00 price objective (up from $77.00) on shares of Rubrik in a report on Friday, June 6th. Wedbush increased their target price on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, Rosenblatt Securities boosted their price objective on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

Insiders Place Their Bets

In other news, CTO Arvind Nithrakashyap sold 43,128 shares of Rubrik stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $88.56, for a total transaction of $3,819,415.68. Following the sale, the chief technology officer owned 38,122 shares of the company's stock, valued at approximately $3,376,084.32. The trade was a 53.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Enrique T. Salem sold 700,000 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $91.09, for a total transaction of $63,763,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 914,086 shares of company stock worth $82,614,503. Company insiders own 32.38% of the company's stock.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently made changes to their positions in the company. Comerica Bank lifted its position in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after buying an additional 395 shares during the period. Royal Bank of Canada grew its position 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 buying an additional 20,471 shares during the period. NewEdge Advisors LLC increased its stake 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 acquiring an additional 300 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock valued at $57,343,000 after acquiring an additional 236,181 shares during the period. Finally, Rhumbline Advisers lifted its position in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock valued at $182,000 after acquiring an additional 2,000 shares during the period. 49.54% of the stock is currently 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.