Rubrik (NYSE:RBRK) Stock Price Up 2% - Here's What Happened

Key Points

• Rubrik, Inc. (NYSE:RBRK) saw a stock increase of 2% on Thursday, reaching a last trading price of $84.09, with a total of 2,777,613 shares exchanged.
• Multiple analysts have recently issued increased price targets for Rubrik, with estimates ranging from $110 to $125, reflecting strong market confidence in the company's performance.
• Rubrik reported a quarterly revenue of $309.86 million, significantly exceeding analysts' expectations, with a year-over-year revenue increase of 44.9%.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) shares rose 2% during trading on Thursday . The stock traded as high as $84.73 and last traded at $84.09. Approximately 2,777,613 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 3,272,934 shares. The stock had previously closed at $82.43.

Analysts Set New Price Targets

Several brokerages recently issued reports on RBRK. Wells Fargo & Company lifted their price objective on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Rosenblatt Securities lifted 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. Barclays lifted their price objective on Rubrik from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Truist Financial boosted their price target on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 price target on shares of Rubrik in a report on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Rubrik currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.67.

Rubrik Price Performance

The stock has a market cap of $16.60 billion, a PE ratio of -35.93 and a beta of 0.25. The business has a fifty day moving average of $85.73 and a 200 day moving average of $81.21.

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 the consensus estimate of ($0.34) by $0.31. The firm had revenue of $309.86 million for the quarter, compared to analyst estimates of $282.25 million. The company's quarterly revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. On average, equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Transactions at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $87.29, for a total transaction of $786,395.61. Following the completion of the transaction, the director directly owned 998 shares of the company's stock, valued at approximately $87,115.42. This trade represents a 90.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Brian K. Mccarthy sold 12,500 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $87.84, for a total value of $1,098,000.00. Following the sale, the executive directly owned 406,052 shares of the company's stock, valued at approximately $35,667,607.68. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,457 shares of company stock valued at $9,354,439. Company insiders own 32.38% of the company's stock.

Institutional Trading of Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of RBRK. California State Teachers Retirement System raised its holdings in Rubrik by 22.1% during the fourth quarter. California State Teachers Retirement System now owns 56,279 shares of the company's stock valued at $3,678,000 after buying an additional 10,191 shares in the last quarter. Rhumbline Advisers raised its holdings in Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock valued at $182,000 after buying an additional 2,000 shares in the last quarter. Stablepoint Partners LLC raised its holdings in Rubrik by 45.9% during the first quarter. Stablepoint Partners LLC now owns 17,595 shares of the company's stock valued at $1,073,000 after buying an additional 5,533 shares in the last quarter. SG Americas Securities LLC bought a new position in Rubrik during the first quarter valued at about $820,000. Finally, Pursue Wealth Partners LLC bought a new position in Rubrik during the first quarter valued at about $2,313,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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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