Rubrik (NYSE:RBRK) Shares Down 1.3% - Here's What Happened

Key Points

• Rubrik, Inc. shares fell by 1.3% to close at $82.27, with trading volume down 14% from the average.
• Analysts have raised their target prices for Rubrik, with Wells Fargo increasing it from $80.00 to $125.00, reflecting a strong positive outlook on the stock.
• The company reported a 44.9% increase in quarterly revenue year-over-year, reaching $309.86 million, surpassing analysts’ expectations.

Shares of Rubrik, Inc. (NYSE:RBRK - Get Free Report) were down 1.3% on Tuesday . The company traded as low as $80.09 and last traded at $82.27. Approximately 2,835,861 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 3,278,772 shares. The stock had previously closed at $83.34.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RBRK shares. Wells Fargo & Company raised their target price on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. BMO Capital Markets restated an "outperform" rating and issued a $110.00 target price (up previously from $77.00) on shares of Rubrik in a report on Friday, June 6th. Wedbush restated an "outperform" rating and issued a $120.00 target price on shares of Rubrik in a report on Thursday, September 11th. Cantor Fitzgerald restated an "overweight" rating and issued a $115.00 target price on shares of Rubrik in a report on Wednesday, September 10th. Finally, FBN Securities reiterated an "outperform" rating on shares of Rubrik in a report on Wednesday, September 10th. Sixteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Rubrik has an average rating of "Moderate Buy" and a consensus price target of $108.67.

Rubrik Price Performance

The stock has a fifty day moving average of $85.80 and a 200 day moving average of $81.20. The firm has a market capitalization of $16.25 billion, a P/E ratio of -35.16 and a beta of 0.44.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million during the quarter, compared to analysts' expectations of $282.25 million. Rubrik's revenue for the quarter was up 44.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Equities analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CRO Brian K. Mccarthy sold 12,500 shares of Rubrik stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $87.84, for a total value of $1,098,000.00. Following the completion of the transaction, the executive directly owned 406,052 shares in the company, valued at approximately $35,667,607.68. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Arvind Nithrakashyap sold 40,170 shares of Rubrik stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $2,981,015.70. Following the completion of the transaction, the chief technology officer owned 333,528 shares of the company's stock, valued at approximately $24,751,112.88. This trade represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,457 shares of company stock valued at $9,530,859 in the last ninety days. 32.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company's stock worth $26,000 after buying an additional 268 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in Rubrik during the second quarter worth about $27,000. Beacon Capital Management LLC purchased a new position in Rubrik during the second quarter worth about $29,000. PNC Financial Services Group Inc. purchased a new position in Rubrik during the first quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new position in Rubrik during the first quarter worth about $31,000. 49.54% of the stock is currently owned by hedge funds and other 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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