Rubrik (NYSE:RBRK) Sets New 1-Year High - Time to Buy?

Key Points

• Rubrik shares surged 8.9% to a new 52-week high of $99.95, giving the company a market capitalization of approximately $20.18 billion. The stock is trading above both its 50-day and 200-day moving averages.
• Analyst sentiment remains broadly positive, with 29 Buy ratings and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $94.20.
• Rubrik exceeded quarterly expectations, reporting adjusted earnings of $0.16 per share versus a projected loss of $0.03 and revenue of $387.07 million, up 39% year over year. However, insiders sold roughly 317,682 shares worth $26.4 million over the past 90 days.

Rubrik, Inc. (NYSE:RBRK - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $99.95 and last traded at $98.06, with a volume of 5984040 shares changing hands. The stock had previously closed at $90.07.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Rubrik in a report on Friday, June 5th. Citigroup increased their price objective on shares of Rubrik from $88.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, June 5th. KeyCorp raised their target price on shares of Rubrik from $88.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. UBS Group reissued a "buy" rating on shares of Rubrik in a report on Monday, June 1st. Finally, DA Davidson restated a "buy" rating and issued a $90.00 target price (up from $70.00) on shares of Rubrik in a research report on Thursday, June 11th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rubrik has an average rating of "Moderate Buy" and an average price target of $94.20.

Rubrik Trading Up 8.9%

The company has a 50 day moving average price of $77.50 and a 200-day moving average price of $63.49. The company has a market cap of $20.18 billion, a P/E ratio of -67.63 and a beta of 1.17.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. Rubrik's quarterly revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total value of $909,150.00. Following the completion of the transaction, the director owned 8,362 shares of the company's stock, valued at approximately $691,119.30. This represents a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the transaction, the chief technology officer directly owned 314,048 shares of the company's stock, valued at $26,467,965.44. This trade represents a 38.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 317,682 shares of company stock valued at $26,402,176. 13.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Rubrik

A number of hedge funds have recently added to or reduced their stakes in RBRK. Atlantic Union Bankshares Corp grew its stake in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after buying an additional 200 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Rubrik during the third quarter worth $34,000. Triumph Capital Management bought a new position in shares of Rubrik in the 4th quarter valued at $33,000. Los Angeles Capital Management LLC bought a new position in shares of Rubrik in the 4th quarter valued at $35,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of Rubrik during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 49.54% of the company's stock.

About Rubrik

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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