Rubrik, Inc. (NYSE:RBRK - Get Free Report)'s stock price shot up 1.4% during trading on Tuesday . The company traded as high as $83.37 and last traded at $81.62. 4,487,788 shares were traded during mid-day trading, an increase of 37% from the average session volume of 3,264,993 shares. The stock had previously closed at $80.49.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on RBRK shares. Guggenheim raised their price objective on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday, June 6th. Truist Financial raised their price target on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Wells Fargo & Company upped their price objective on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Rosenblatt Securities raised their target price on Rubrik from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Finally, KeyCorp boosted their target price on Rubrik from $113.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Sixteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Rubrik presently has a consensus rating of "Moderate Buy" and an average price target of $104.38.
View Our Latest Analysis on RBRK
Rubrik Stock Up 1.4%
The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of -34.88 and a beta of 0.44. The company has a fifty day moving average price of $86.36 and a two-hundred day moving average price of $80.36.
Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. Rubrik's revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CRO Brian K. Mccarthy sold 4,670 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $346,560.70. Following the completion of the sale, the executive directly owned 407,632 shares of the company's stock, valued at $30,250,370.72. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $2,981,015.70. Following the sale, the chief technology officer directly owned 333,528 shares of the company's stock, valued at approximately $24,751,112.88. This represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 210,858 shares of company stock valued at $17,780,477 in the last ninety days. Company insiders own 32.38% of the company's stock.
Institutional Investors Weigh In On Rubrik
Institutional investors have recently made changes to their positions in the stock. Green Alpha Advisors LLC boosted its position in shares of Rubrik by 53.4% during the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock worth $495,000 after purchasing an additional 2,824 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rubrik by 168.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after purchasing an additional 418,457 shares during the last quarter. Northern Trust Corp raised its stake in Rubrik by 23.1% in the 1st quarter. Northern Trust Corp now owns 236,649 shares of the company's stock valued at $14,431,000 after purchasing an additional 44,373 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Rubrik by 14.0% during the 4th quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock worth $1,909,000 after acquiring an additional 3,593 shares during the period. Finally, Robocap Asset Management Ltd lifted its holdings in shares of Rubrik by 186.8% during the 1st quarter. Robocap Asset Management Ltd now owns 109,099 shares of the company's stock worth $6,653,000 after acquiring an additional 71,064 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.
About Rubrik
(
Get Free Report)
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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