Rubrik, Inc. (NYSE:RBRK - Get Free Report) rose 5.9% on Wednesday . The company traded as high as $84.35 and last traded at $84.18. Approximately 3,370,026 shares traded hands during trading, an increase of 3% from the average daily volume of 3,267,421 shares. The stock had previously closed at $79.50.
Wall Street Analyst Weigh In
RBRK has been the topic of a number of recent research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $115.00 price objective on shares of Rubrik in a research note on Wednesday, September 10th. KeyCorp upped their price target on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. CIBC upped their price target on Rubrik from $125.00 to $130.00 and gave the company an "outperformer" rating in a research note on Thursday, September 11th. Rosenblatt Securities upped their price target on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Rubrik in a research note on Thursday, September 11th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $108.67.
View Our Latest Analysis on Rubrik
Rubrik Trading Up 5.9%
The company has a fifty day simple moving average of $85.36 and a two-hundred day simple moving average of $81.63. The company has a market cap of $16.62 billion, a PE ratio of -35.97 and a beta of 0.24.
Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to analysts' expectations of $282.25 million. During the same quarter last year, the company earned ($0.40) EPS. Rubrik's revenue for the quarter 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, research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Kiran Kumar Choudary sold 6,599 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $489,711.79. Following the transaction, the chief financial officer owned 516,184 shares in the company, valued at $38,306,014.64. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total value of $2,981,015.70. Following the transaction, the chief technology officer owned 333,528 shares in the company, valued at $24,751,112.88. This represents a 10.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,466 shares of company stock worth $10,083,014. Insiders own 32.38% of the company's stock.
Institutional Trading of Rubrik
Hedge funds have recently modified their holdings of the business. Allworth Financial LP lifted its holdings in shares of Rubrik by 1,030.8% in the 2nd quarter. Allworth Financial LP now owns 294 shares of the company's stock valued at $26,000 after buying an additional 268 shares during the period. ST Germain D J Co. Inc. acquired a new stake in shares of Rubrik in the 2nd quarter valued at approximately $27,000. Beacon Capital Management LLC acquired a new stake in shares of Rubrik in the 2nd quarter valued at approximately $29,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Rubrik in the 2nd quarter valued at approximately $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Rubrik during the second quarter worth $41,000. 49.54% of the stock is owned by institutional investors and hedge funds.
Rubrik Company Profile
(
Get Free Report)
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.
Further Reading
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