Rubrik (NYSE:RBRK) Shares Up 2% - Time to Buy?

Key Points

• Rubrik's stock price rose by 2% during mid-day trading, reaching a last trade of $85.97, despite a 26% decrease in trading volume compared to its average session.
• Analysts have mixed ratings on Rubrik, with a consensus rating of "Moderate Buy" and a price target averaging $108.67, while one analyst has assigned a "Sell" rating.
• Recent quarterly earnings exceeded expectations with a reported EPS of ($0.03), beating estimates and showing a significant revenue increase of 44.9% year-over-year.

Rubrik, Inc. (NYSE:RBRK - Get Free Report)'s stock price shot up 2% during mid-day trading on Thursday . The stock traded as high as $86.95 and last traded at $85.97. 2,407,133 shares were traded during mid-day trading, a decline of 26% from the average session volume of 3,265,900 shares. The stock had previously closed at $84.25.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of Rubrik in a report on Wednesday. FBN Securities reiterated an "outperform" rating on shares of Rubrik in a report on Wednesday, September 10th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $115.00 price target on shares of Rubrik in a research note on Wednesday, September 10th. Wall Street Zen lowered Rubrik from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Rubrik in a research note on Thursday, September 11th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $108.67.

Rubrik Trading Up 2.0%

The stock has a market cap of $16.98 billion, a PE ratio of -36.74 and a beta of 0.24. The company has a fifty day moving average of $84.95 and a 200-day moving average of $81.73.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) 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 analysts' expectations of $282.25 million. During the same quarter in the prior year, the firm posted ($0.40) EPS. Rubrik's quarterly revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. As a group, research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kiran Kumar Choudary sold 6,599 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $489,711.79. Following the transaction, the chief financial officer owned 516,184 shares in the company, valued at approximately $38,306,014.64. This represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the stock in a transaction dated 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 in the company, valued at approximately $24,751,112.88. The trade was a 10.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,466 shares of company stock worth $10,083,014. Insiders own 32.38% of the company's stock.

Institutional Trading of Rubrik

A number of large investors have recently made changes to their positions in RBRK. Vanguard Group Inc. boosted its position in shares of Rubrik by 73.1% in the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company's stock valued at $1,077,106,000 after purchasing an additional 5,077,513 shares during the period. Norges Bank acquired a new stake in shares of Rubrik in the 2nd quarter valued at about $219,132,000. First Trust Advisors LP boosted its position in shares of Rubrik by 44.8% in the 2nd quarter. First Trust Advisors LP now owns 4,462,705 shares of the company's stock valued at $399,814,000 after purchasing an additional 1,380,941 shares during the period. Acadian Asset Management LLC boosted its position in shares of Rubrik by 388.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company's stock valued at $139,309,000 after purchasing an additional 1,237,014 shares during the period. Finally, State Street Corp boosted its position in shares of Rubrik by 139.7% in the 2nd quarter. State Street Corp now owns 1,771,475 shares of the company's stock valued at $158,706,000 after purchasing an additional 1,032,497 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

About Rubrik

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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