Rubrik (NYSE:RBRK) Price Target Raised to $115.00

Key Points

• Rosenblatt Securities has raised its price target for Rubrik (NYSE:RBRK) from $110.00 to $115.00, indicating a potential upside of 16.50% based on the stock's previous close, and maintains a "buy" rating.
• Despite positive analyst ratings, Rubrik reported a miss on quarterly earnings with an EPS of ($0.49), falling short of estimates, but experienced a 44.9% increase in year-over-year revenue.
• Insiders have sold a total of 910,586 shares worth approximately $82.3 million in the last quarter, indicating significant insider activity amidst varying analyst ratings.

Rubrik (NYSE:RBRK - Get Free Report) had its price target raised by research analysts at Rosenblatt Securities from $110.00 to $115.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Rosenblatt Securities' target price would suggest a potential upside of 49.56% from the company's previous close.

A number of other research analysts have also weighed in on RBRK. Roth Capital lifted their target price on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a report on Friday, June 6th. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 target price (up previously from $77.00) on shares of Rubrik in a report on Friday, June 6th. Cantor Fitzgerald lifted their target price on Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, June 6th. CIBC boosted their price objective on Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a report on Monday, June 9th. Finally, Wedbush boosted their price objective on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Sixteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold 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 $104.38.

Rubrik Stock Up 3.2%

Rubrik stock traded up $2.39 during midday trading on Wednesday, reaching $76.89. The stock had a trading volume of 3,398,044 shares, compared to its average volume of 3,169,241. Rubrik has a 12 month low of $30.35 and a 12 month high of $103.00. The firm's 50-day moving average price is $87.58 and its 200 day moving average price is $79.68. The firm has a market capitalization of $14.88 billion, a PE ratio of -32.86 and a beta of 0.43.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.25 million. The company's revenue was up 44.9% on a year-over-year basis. During the same quarter in the prior 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. Equities research analysts expect that Rubrik will post -7.66 EPS for the current year.

Insider Buying and Selling

In other Rubrik news, Director John Wendell Thompson sold 9,009 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $87.83, for a total value of $791,260.47. Following the completion of the sale, the director owned 998 shares in the company, valued at approximately $87,654.34. The trade was a 90.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $88.26, for a total value of $308,910.00. Following the completion of the sale, the chief financial officer owned 515,595 shares of the company's stock, valued at $45,506,414.70. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 210,586 shares of company stock worth $18,542,628. Company insiders own 32.38% of the company's stock.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its position in Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company's stock valued at $26,000 after purchasing an additional 268 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Rubrik during the second quarter valued at approximately $27,000. Beacon Capital Management LLC bought a new position in shares of Rubrik during the second quarter valued at approximately $29,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the first quarter valued at approximately $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Rubrik during the first quarter valued at approximately $31,000. 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.