Rubrik (NYSE:RBRK) Stock Price Up 3% - Time to Buy?

Key Points

• Rubrik's stock (NYSE:RBRK) rose by 3% recently, reaching a high of $80.93, with a significant increase in trading volume of 210% compared to its average.
• Several analysts have raised their price targets for Rubrik, with ratings indicating a consensus "Moderate Buy" and a target price averaging $104.38.
• In the latest earnings report, Rubrik outperformed expectations with a 44.9% year-over-year revenue growth and reported an EPS of ($0.03), beating the forecasted ($0.34).

Rubrik, Inc. (NYSE:RBRK - Get Free Report) rose 3% during mid-day trading on Friday . The stock traded as high as $80.93 and last traded at $80.39. Approximately 10,091,289 shares changed hands during trading, an increase of 210% from the average daily volume of 3,251,234 shares. The stock had previously closed at $78.02.

Analysts Set New Price Targets

RBRK has been the topic of several research reports. KeyCorp upped their price objective on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Roth Capital upped their price objective on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Wells Fargo & Company upped their price objective on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. FBN Securities restated an "outperform" rating on shares of Rubrik in a research note on Wednesday, September 10th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. Sixteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $104.38.

Rubrik Price Performance

The company has a market capitalization of $15.55 billion, a P/E ratio of -34.35 and a beta of 0.43. The company has a fifty day moving average price of $86.54 and a 200 day moving average price of $79.80.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.31. The business had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. During the same quarter in the prior year, the business earned ($0.40) earnings per share. The firm's revenue was up 44.9% compared to the same quarter last year. 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 predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kiran Kumar Choudary sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $74.82, for a total value of $261,870.00. Following the sale, the chief financial officer directly owned 514,684 shares in the company, valued at $38,508,656.88. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Brian K. Mccarthy sold 4,670 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $346,560.70. Following the completion of the sale, the executive owned 407,632 shares in the company, valued at approximately $30,250,370.72. This represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 210,858 shares of company stock valued at $17,780,477 in the last quarter. 32.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Rubrik

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Rubrik by 73.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company's stock valued at $1,077,106,000 after purchasing an additional 5,077,513 shares in the last quarter. First Trust Advisors LP boosted its stake in Rubrik by 44.8% during 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 in the last quarter. Norges Bank bought a new position in Rubrik during the 2nd quarter valued at $219,132,000. Voya Investment Management LLC boosted its stake in Rubrik by 15.0% during the 1st quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock valued at $137,035,000 after purchasing an additional 293,275 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Rubrik by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 2,159,435 shares of the company's stock valued at $193,464,000 after purchasing an additional 139,022 shares in the last quarter. 49.54% of the stock is owned by institutional investors.

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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