Rubrik (NYSE:RBRK) Stock Price Expected to Rise, CIBC Analyst Says

Key Points

• CIBC has raised its price target for Rubrik (NYSE:RBRK) from $125.00 to $130.00, indicating a potential upside of 63.10% from its previous close.
• Rubrik reported a quarterly earnings miss with an EPS of ($0.49), while revenue increased by 44.9% year-over-year to $309.86 million.
• Insiders have sold a significant number of shares, with recent transactions accounting for a 17.19% decrease in ownership for Director Ravi Mhatre.

Rubrik (NYSE:RBRK - Get Free Report) had its price objective boosted by CIBC from $125.00 to $130.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "outperformer" rating on the stock. CIBC's price objective suggests a potential upside of 63.10% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th. UBS Group restated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Truist Financial raised their price objective on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $115.00 target price on shares of Rubrik in a report on Wednesday. Sixteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.38.

Rubrik Stock Performance

NYSE:RBRK traded down $1.01 during trading hours on Thursday, hitting $79.71. The stock had a trading volume of 5,676,548 shares, compared to its average volume of 3,110,143. The business's 50 day moving average is $88.06 and its 200-day moving average is $79.34. The company has a market cap of $15.42 billion, a price-to-earnings ratio of -34.08 and a beta of 0.43. Rubrik has a one year low of $30.09 and a one year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.15). The business had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.26 million. During the same period in the prior year, the business earned ($0.40) EPS. Rubrik's quarterly 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, sell-side analysts anticipate that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other news, Director Ravi Mhatre sold 16,984 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $89.47, for a total value of $1,519,558.48. Following the completion of the sale, the director owned 81,842 shares of the company's stock, valued at approximately $7,322,403.74. The trade was a 17.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Lightspeed Management Company, sold 16,984 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the transaction, the insider owned 59,182 shares in the company, valued at $5,295,013.54. This trade represents a 22.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 910,586 shares of company stock worth $82,305,628. 32.38% of the stock is currently owned by insiders.

Institutional Trading of Rubrik

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Rubrik by 73.1% during the second quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company's stock worth $1,077,106,000 after purchasing an additional 5,077,513 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Rubrik by 44.8% in the 2nd quarter. First Trust Advisors LP now owns 4,462,705 shares of the company's stock valued at $399,814,000 after purchasing an additional 1,380,941 shares during the last quarter. Norges Bank bought a new stake in shares of Rubrik during the 2nd quarter worth $219,132,000. Voya Investment Management LLC lifted its position in shares of Rubrik by 15.0% during the 1st quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock worth $137,035,000 after buying an additional 293,275 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Rubrik by 6.9% in the second quarter. Legal & General Group Plc now owns 2,159,435 shares of the company's stock valued at $193,464,000 after buying an additional 139,022 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

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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