Rubrik (NYSE:RBRK) Trading 1.6% Higher - Time to Buy?

Key Points

• Rubrik, Inc. (NYSE:RBRK) shares rose by 1.6%, trading at $83.47 after reaching a high of $83.86; however, trading volume decreased by 18% compared to the average.
• Analysts are optimistic about Rubrik's stock, with a consensus rating of "Moderate Buy" and a price target averaging $104.38, buoyed by positive quarterly earnings that exceeded expectations.
• Insiders have sold a total of 151,466 shares recently, representing a significant decrease in their holdings, while institutional investors control approximately 49.54% of the company's stock.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) shares traded up 1.6% during trading on Monday . The stock traded as high as $83.86 and last traded at $83.47. 2,699,300 shares were traded during mid-day trading, a decline of 18% from the average session volume of 3,280,436 shares. The stock had previously closed at $82.15.

Wall Street Analyst Weigh In

Several analysts have commented on the company. BMO Capital Markets restated an "outperform" rating and issued a $110.00 price target (up previously from $77.00) on shares of Rubrik in a report on Friday, June 6th. Cantor Fitzgerald restated an "overweight" rating and issued a $115.00 price target on shares of Rubrik in a report on Wednesday, September 10th. CIBC lifted their price objective on Rubrik from $125.00 to $130.00 and gave the company an "outperformer" rating in a research note on Thursday, September 11th. Truist Financial lifted their price objective on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, Wells Fargo & Company lifted 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. Sixteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Rubrik currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.38.

Rubrik Trading Up 1.6%

The firm has a 50-day moving average of $85.86 and a 200 day moving average of $81.11. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of -35.67 and a beta of 0.44.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping 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. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. 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. As a group, research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Buying and Selling

In related news, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $85.96, for a total transaction of $774,413.64. Following the completion of the transaction, the director directly owned 998 shares in the company, valued at $85,788.08. This represents a 90.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $85.97, for a total value of $2,149,250.00. Following the transaction, the executive owned 431,052 shares of the company's stock, valued at $37,057,540.44. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,466 shares of company stock valued at $12,454,523 in the last 90 days. Corporate insiders own 32.38% of the company's stock.

Institutional Trading of Rubrik

Several large investors have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. bought a new stake in shares of Rubrik during the 2nd quarter worth about $762,000. Hudson Bay Capital Management LP bought a new stake in shares of Rubrik during the 2nd quarter worth about $35,657,000. Public Sector Pension Investment Board boosted its stake in shares of Rubrik by 150.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 150,000 shares of the company's stock worth $13,438,000 after acquiring an additional 90,000 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Rubrik by 611.7% during the 2nd quarter. Rakuten Securities Inc. now owns 10,163 shares of the company's stock worth $911,000 after acquiring an additional 8,735 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its stake in shares of Rubrik by 25.1% during the 2nd quarter. State of Tennessee Department of Treasury now owns 137,979 shares of the company's stock worth $12,362,000 after acquiring an additional 27,679 shares in the last quarter. Institutional investors own 49.54% of the company's stock.

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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