Rubrik (NYSE:RBRK) Stock Price Down 4.3% - What's Next?

Key Points

• Rubrik's stock price declined by 4.3%, closing at $82.43 after hitting a low of $82.32 during Friday's trading, with volume down by 25% from average levels.
• Despite the drop, Wall Street analysts maintain a consensus rating of "Moderate Buy" with an average target price of $108.67, although some analysts have adjusted their ratings to "hold."
• Rubrik reported a 44.9% year-over-year revenue increase for the last quarter, with earnings per share better than analysts expected, showcasing strong growth amid the stock's recent struggles.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) was down 4.3% during trading on Friday . The company traded as low as $82.32 and last traded at $82.43. Approximately 2,451,051 shares were traded during trading, a decline of 25% from the average daily volume of 3,262,979 shares. The stock had previously closed at $86.10.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen cut shares of Rubrik from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. KeyCorp lifted their target price on shares of Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. 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. FBN Securities reissued an "outperform" rating on shares of Rubrik in a research report on Wednesday, September 10th. Finally, Wedbush reissued an "outperform" rating and set a $120.00 price objective on shares of Rubrik in a research report on Thursday, September 11th. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rubrik currently has a consensus rating of "Moderate Buy" and an average target price of $108.67.

Rubrik Trading Down 4.3%

The company has a fifty day moving average of $84.95 and a two-hundred day moving average of $81.73. The stock has a market capitalization of $16.28 billion, a price-to-earnings ratio of -35.23 and a beta of 0.24.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, sell-side analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In other news, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $87.83, for a total transaction of $791,260.47. Following the completion of the transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 12,500 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $87.29, for a total transaction of $1,091,125.00. Following the transaction, the executive directly owned 418,552 shares of the company's stock, valued at $36,535,404.08. This represents a 2.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,466 shares of company stock worth $10,083,014 over the last ninety days. Corporate insiders own 32.38% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RBRK. Rhumbline Advisers lifted its holdings in shares of Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after acquiring an additional 2,000 shares during the period. SG Americas Securities LLC bought a new stake in shares of Rubrik in the 1st quarter valued at approximately $820,000. Pursue Wealth Partners LLC bought a new stake in shares of Rubrik in the 1st quarter valued at approximately $2,313,000. Oppenheimer & Co. Inc. bought a new stake in shares of Rubrik in the 1st quarter valued at approximately $225,000. Finally, Bessemer Group Inc. grew its stake in shares of Rubrik by 1,610.7% in the 1st quarter. Bessemer Group Inc. now owns 165,594 shares of the company's stock valued at $10,098,000 after purchasing an additional 155,914 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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.

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