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

Key Points

• Truist Financial raised Rubrik’s price target to $135 from $90 and maintained a “buy” rating, implying roughly 38% upside from the reported $97.84 share price.
• Rubrik reported quarterly revenue of $387.07 million, up 39% year over year, and EPS of $0.16, beating analysts’ expected loss of $0.03 per share.
• Analyst sentiment is broadly positive, with 29 buy ratings and one sell rating, although insiders sold approximately $26.4 million of stock over the past three months.

Rubrik (NYSE:RBRK - Get Free Report) had its target price raised by stock analysts at Truist Financial from $90.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective points to a potential upside of 37.98% from the stock's current price.

RBRK has been the subject of several other reports. Oppenheimer lifted their target price on shares of Rubrik from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, June 5th. Citigroup lifted their price objective on Rubrik from $88.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, June 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Rubrik in a research report on Wednesday, June 24th. UBS Group reissued a "buy" rating and issued a $106.00 price target on shares of Rubrik in a report on Wednesday. Finally, Loop Capital initiated coverage on shares of Rubrik in a report on Monday, August 3rd. They set a "buy" rating and a $100.00 price objective for the company. Twenty-nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $98.44.

Rubrik Price Performance

Shares of RBRK traded down $2.71 during mid-day trading on Wednesday, reaching $97.84. The stock had a trading volume of 777,930 shares, compared to its average volume of 3,731,137. The business's fifty day moving average is $80.45 and its 200 day moving average is $64.99. Rubrik has a 52-week low of $42.25 and a 52-week high of $106.50. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of -67.49 and a beta of 1.17.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same quarter in the previous year, the business posted ($0.15) earnings per share. The firm's revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, sell-side analysts anticipate that Rubrik will post -1.16 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ravi Mhatre sold 3,979 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the completion of the sale, the director directly owned 125,351 shares of the company's stock, valued at approximately $10,416,668.10. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00. Following the completion of the sale, the director directly owned 3,917 shares of the company's stock, valued at $293,775. This trade represents a 15.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 317,682 shares of company stock worth $26,402,176 over the last three months. Company insiders own 13.66% of the company's stock.

Institutional Trading of Rubrik

A number of institutional investors and hedge funds have recently made changes to their positions in RBRK. Vanguard Group Inc. grew its holdings in Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company's stock valued at $1,123,836,000 after buying an additional 1,678,255 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock worth $540,259,000 after buying an additional 2,116,272 shares during the last quarter. Norges Bank bought a new stake in shares of Rubrik in the fourth quarter valued at approximately $345,907,000. Pictet Asset Management Holding SA boosted its position in shares of Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Rubrik by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company's stock worth $193,433,000 after acquiring an additional 178,714 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company's platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).

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