Rubrik (NYSE:RBRK) Stock Price Down 5.8% - Should You Sell?

Key Points

• Rubrik's stock price decreased by 5.8% to $71.67, with trading volume dropping 60% from its average daily volume.
• Analysts have mixed opinions on Rubrik, with Barclays raising its price target to $120 while Weiss Ratings maintained a "sell" rating, resulting in a consensus rating of "Moderate Buy" and a price target of $108.67.
• Rubrik reported a revenue increase of 44.9% year-over-year, exceeding expectations with $309.86 million for the last quarter, and beat earnings estimates by $0.31 per share.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) was down 5.8% during trading on Wednesday . The stock traded as low as $71.81 and last traded at $71.6730. Approximately 1,275,167 shares changed hands during trading, a decline of 60% from the average daily volume of 3,207,328 shares. The stock had previously closed at $76.12.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RBRK. Barclays upped their price target on shares of Rubrik from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Weiss Ratings restated a "sell (d)" rating on shares of Rubrik in a research report on Wednesday, October 8th. FBN Securities reissued an "outperform" rating on shares of Rubrik in a report on Wednesday, September 10th. Wall Street Zen cut Rubrik from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Rosenblatt Securities increased their price objective on Rubrik from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.67.

Rubrik Price Performance

The business's 50 day moving average is $82.62 and its two-hundred day moving average is $83.70. The firm has a market capitalization of $14.25 billion, a PE ratio of -30.85 and a beta of 0.24.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $282.25 million. The company's revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period in the prior year, the business 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. Analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,500 shares of Rubrik stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $79.78, for a total transaction of $279,230.00. Following the transaction, the chief financial officer directly owned 512,051 shares of the company's stock, valued at approximately $40,851,428.78. This trade represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total transaction of $745,584.84. Following the transaction, the director directly owned 998 shares in the company, valued at $82,594.48. This trade represents a 90.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 134,466 shares of company stock worth $10,898,894. Company insiders own 32.38% of the company's stock.

Hedge Funds Weigh In On Rubrik

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Rubrik by 73.1% in the second quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company's stock worth $1,077,106,000 after buying an additional 5,077,513 shares during the period. Norges Bank purchased a new position in shares of Rubrik in the second quarter worth about $219,132,000. First Trust Advisors LP increased its stake in Rubrik by 44.8% in the 2nd quarter. First Trust Advisors LP now owns 4,462,705 shares of the company's stock worth $399,814,000 after purchasing an additional 1,380,941 shares during the period. Acadian Asset Management LLC increased its stake in Rubrik by 388.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company's stock worth $139,309,000 after purchasing an additional 1,237,014 shares during the period. Finally, State Street Corp increased its stake in Rubrik by 139.7% in the 2nd quarter. State Street Corp now owns 1,771,475 shares of the company's stock worth $158,706,000 after purchasing an additional 1,032,497 shares during the period. Hedge funds and other institutional investors own 49.54% of the company's stock.

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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