Rubrik (NYSE:RBRK) Stock Price Up 3.6% - Still a Buy?

Key Points

• Rubrik's stock price increased by 3.6% to last trade at $81.94, with a notable trading volume surge of 75% compared to its average daily volume.
• Analysts have largely rated Rubrik stock as a Buy, with price target increases from firms like Rosenblatt Securities and Roth Capital, setting targets as high as $120.00.
• Rubrik reported a 44.9% year-over-year revenue growth, reaching $309.86 million, and beat earnings expectations with an EPS of ($0.03).

Rubrik, Inc. (NYSE:RBRK - Get Free Report) rose 3.6% on Thursday . The stock traded as high as $83.97 and last traded at $81.94. Approximately 5,762,707 shares changed hands during trading, an increase of 75% from the average daily volume of 3,287,415 shares. The stock had previously closed at $79.12.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group reiterated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Rosenblatt Securities increased their price target on Rubrik from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Roth Capital increased their price target on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Wedbush reiterated an "outperform" rating and issued a $120.00 price target on shares of Rubrik in a research note on Thursday, September 11th. Finally, Robert W. Baird increased their price target on Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Sixteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $104.38.

Rubrik Stock Up 3.6%

The company's 50 day simple moving average is $86.08 and its 200-day simple moving average is $80.36. The firm has a market cap of $16.18 billion, a P/E ratio of -35.02 and a beta of 0.43.

Rubrik (NYSE:RBRK - Get Free Report) last issued 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 business had revenue of $309.86 million for the quarter, compared to analysts' expectations of $282.25 million. The business's quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($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 predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Activity at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were 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 of the company's stock, valued at approximately $38,508,656.88. This represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 4,670 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $346,560.70. Following the completion of the sale, the executive directly owned 407,632 shares in the company, valued at approximately $30,250,370.72. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,434 shares of company stock valued at $15,493,640 over the last three months. 32.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rubrik

A number of institutional investors have recently modified their holdings of RBRK. Vanguard Group Inc. lifted its stake in Rubrik by 73.1% in the 2nd 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 in the last quarter. Norges Bank acquired a new stake in shares of Rubrik during the 2nd quarter worth approximately $219,132,000. First Trust Advisors LP increased its holdings in shares of Rubrik by 44.8% during the 2nd quarter. First Trust Advisors LP now owns 4,462,705 shares of the company's stock worth $399,814,000 after buying an additional 1,380,941 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Rubrik by 388.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company's stock worth $139,309,000 after buying an additional 1,237,014 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Rubrik by 139.7% during the 2nd quarter. State Street Corp now owns 1,771,475 shares of the company's stock worth $158,706,000 after buying an additional 1,032,497 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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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