Rubrik (NYSE:RBRK) Shares Up 7.6% - What's Next?

Key Points

• Shares jumped 7.6% intraday to about $47.13 on Monday despite volume running ~77% below the average, giving Rubrik a market cap near $9.83 billion.
• Analysts are broadly positive with a consensus rating of "Moderate Buy" and an average target of $89.10, though several firms (BMO, Barclays, Wedbush) have recently trimmed their price targets.
• Rubrik beat quarterly expectations with $0.04 EPS (vs. -$0.11 expected) and revenue of $377.7M (+46.3% YoY); management set Q1 2027 guidance of -0.040 to -0.020 EPS and FY2027 guidance of 0.070–0.270 EPS.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) shot up 7.6% during mid-day trading on Monday . The company traded as high as $46.50 and last traded at $47.1290. 926,208 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 4,061,951 shares. The stock had previously closed at $43.81.

Analysts Set New Price Targets

A number of research firms have issued reports on RBRK. BMO Capital Markets decreased their price target on shares of Rubrik from $105.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, March 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rubrik in a report on Friday, March 27th. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $110.00 price objective on shares of Rubrik in a research note on Monday, March 16th. Barclays dropped their price objective on shares of Rubrik from $100.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, March 3rd. Finally, Wedbush reduced their target price on shares of Rubrik from $120.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.10.

Rubrik Trading Up 11.0%

The company has a market cap of $9.83 billion, a PE ratio of -27.40 and a beta of 0.63. The firm's fifty day moving average is $51.90 and its 200 day moving average is $66.79.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to analysts' expectations of $342.43 million. During the same period in the previous year, the company earned ($0.18) EPS. Rubrik's quarterly revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, Director Mark D. Mclaughlin bought 10,638 shares of the company's stock in a transaction dated Monday, March 30th. The stock was acquired at an average price of $47.21 per share, with a total value of $502,219.98. Following the completion of the acquisition, the director directly owned 13,639 shares of the company's stock, valued at $643,897.19. This represents a 354.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the company's stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the sale, the chief financial officer directly owned 549,901 shares of the company's stock, valued at $28,424,382.69. The trade was a 3.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 228,806 shares of company stock valued at $11,911,203 over the last 90 days. 32.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rubrik

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company's stock valued at $1,123,836,000 after purchasing an additional 1,678,255 shares during the period. First Trust Advisors LP grew its holdings in shares of Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the period. Norges Bank purchased a new stake in shares of Rubrik in the fourth quarter valued at about $345,907,000. Voya Investment Management LLC grew its holdings in shares of Rubrik by 18.0% in the third quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company's stock valued at $293,552,000 after purchasing an additional 543,855 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Rubrik by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company's stock valued at $193,433,000 after purchasing an additional 178,714 shares during the period. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Company Profile

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).

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