Rubrik (NYSE:RBRK) Trading Down 1.5% - Should You Sell?

Key Points

• Rubrik's stock price fell by 1.5% to $73.84, with trading volume significantly increased at approximately 4.8 million shares compared to the average of 3.2 million shares.
• Analysts have mixed ratings on Rubrik, with some lowering their ratings while others, like KeyCorp and BMO Capital Markets, have increased their price targets to $117.00 and $110.00 respectively.
• Despite reporting earnings of ($0.03) per share, surpassing expectations, Rubrik anticipates earnings of -0.500 to -0.440 EPS for FY 2026, reflecting ongoing challenges in profitability.

Rubrik, Inc. (NYSE:RBRK - Get Free Report)'s stock price dropped 1.5% during trading on Wednesday . The company traded as low as $72.68 and last traded at $73.84. Approximately 4,807,804 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 3,202,995 shares. The stock had previously closed at $75.00.

Analysts Set New Price Targets

RBRK has been the subject of a number of analyst reports. Barclays increased their price target on shares of Rubrik from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Wedbush reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Rubrik in a report on Thursday, September 11th. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price objective (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Finally, FBN Securities reissued an "outperform" rating on shares of Rubrik in a research note on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Rubrik has an average rating of "Moderate Buy" and an average 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's fifty day moving average price is $86.46 and its two-hundred day moving average price is $80.05.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to analysts' expectations of $282.25 million. Rubrik's quarterly revenue was up 44.9% compared to the same quarter last year. During the same period last year, the firm earned ($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. As a group, equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $74.82, for a total transaction 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. The trade was a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 210,858 shares of company stock valued at $17,780,477 in the last three months. Company insiders own 32.38% of the company's stock.

Hedge Funds Weigh In On Rubrik

Several institutional investors and hedge funds have recently modified their holdings of RBRK. NewEdge Advisors LLC boosted its position in shares of Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock worth $125,000 after purchasing an additional 150 shares during the period. Creative Planning boosted its position in shares of Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company's stock worth $418,000 after purchasing an additional 236 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Rubrik by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 588 shares of the company's stock worth $53,000 after purchasing an additional 239 shares during the period. Amundi boosted its position in shares of Rubrik by 0.7% during the 1st quarter. Amundi now owns 37,116 shares of the company's stock worth $2,132,000 after purchasing an additional 262 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company's stock worth $26,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 49.54% of the company's stock.

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.