Rubrik (NYSE:RBRK) Shares Up 5.6% - Time to Buy?

Key Points

• Rubrik's stock price increased by 5.6% during mid-day trading, reaching a high of $78.53, with a trading volume significantly above its average.
• Wall Street analysts are optimistic about Rubrik, with a consensus price target of $104.38 and 16 analysts rating it as a "Buy."
• The company reported a revenue of $309.86 million for the quarter, surpassing expectations and showing a 44.9% increase compared to the same quarter last year.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) shares shot up 5.6% during mid-day trading on Thursday . The stock traded as high as $78.53 and last traded at $78.03. 5,321,964 shares changed hands during trading, an increase of 66% from the average session volume of 3,214,902 shares. The stock had previously closed at $73.89.

Analysts Set New Price Targets

Several research firms have recently issued reports on RBRK. Cantor Fitzgerald reissued an "overweight" rating and set a $115.00 target price on shares of Rubrik in a research note on Wednesday, September 10th. Wall Street Zen cut Rubrik from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Guggenheim boosted their target price on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Roth Capital boosted their target price on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $110.00 target price (up from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Sixteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $104.38.

Rubrik Price Performance

The stock has a market capitalization of $15.55 billion, a PE ratio of -34.35 and a beta of 0.43. The business has a 50 day moving average price of $86.54 and a 200 day moving average price of $79.80.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates 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. During the same period in the prior year, the company posted ($0.40) earnings per share. The company's revenue was up 44.9% on a year-over-year basis. 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 expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $87.83, for a total value of $791,260.47. Following the sale, the director directly owned 998 shares of the company's stock, valued at approximately $87,654.34. This represents a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $74.82, for a total value of $261,870.00. Following the completion of the sale, the chief financial officer directly owned 514,684 shares in the company, valued at approximately $38,508,656.88. This represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 210,858 shares of company stock valued at $17,780,477. Insiders own 32.38% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP lifted its holdings in shares of Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company's stock valued at $26,000 after purchasing an additional 268 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Rubrik during the second quarter valued at $27,000. Beacon Capital Management LLC bought a new position in shares of Rubrik during the second quarter valued at $29,000. Catalyst Capital Advisors LLC bought a new position in shares of Rubrik during the second quarter valued at $36,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Rubrik during the second quarter valued at $41,000. 49.54% of the stock is owned by institutional investors.

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.