Rubrik (NYSE:RBRK) Trading 6.6% Higher - Here's Why

Key Points

• Rubrik shares rose 6.6% to approximately $95.99, supported by broadly bullish analyst sentiment. Twenty-nine analysts rate the stock Buy, one rates it Sell, and the consensus target is $94.20, while Loop Capital recently initiated coverage with a $100 target.
• Rubrik exceeded quarterly expectations, reporting $0.16 EPS versus a $0.03 loss estimate and $387.07 million in revenue versus $366.31 million expected. Revenue increased 39% year over year, and the company issued fiscal 2027 EPS guidance of $0.25 to $0.35.
• Insiders have sold 317,682 shares worth roughly $26.4 million over the past 90 days, although the reported transactions were conducted under pre-arranged Rule 10b5-1 trading plans. Institutional investors and hedge funds own approximately 49.54% of the company.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) was up 6.6% during trading on Monday . The company traded as high as $94.66 and last traded at $95.9890. Approximately 341,332 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 3,726,902 shares. The stock had previously closed at $90.07.

Wall Street Analyst Weigh In

Several analysts have recently commented on RBRK shares. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Rubrik in a report on Friday, June 5th. Mizuho boosted their price objective on Rubrik from $80.00 to $90.00 and gave the company an "outperform" rating in a report on Friday, June 5th. Stephens reaffirmed an "overweight" rating and set a $90.00 target price on shares of Rubrik in a report on Monday, June 15th. UBS Group reiterated a "buy" rating on shares of Rubrik in a research report on Monday, June 1st. Finally, Loop Capital began coverage on Rubrik in a report on Monday, August 3rd. They issued a "buy" rating and a $100.00 price target for the company. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.20.

Rubrik Price Performance

The business's 50 day moving average price is $77.24 and its 200 day moving average price is $63.26. The firm has a market cap of $20.17 billion, a PE ratio of -67.50 and a beta of 1.17.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The company's quarterly revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total value of $1,073,162.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares in the company, valued at $24,551,557.03. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $74.11, for a total transaction of $185,275.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $741,100. This represents a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 317,682 shares of company stock valued at $26,402,176 over the last ninety days. Company insiders own 13.66% of the company's stock.

Institutional Trading of Rubrik

A number of hedge funds have recently bought and sold shares of RBRK. NewEdge Advisors LLC grew its stake in shares of Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock worth $125,000 after purchasing an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Creative Planning increased its holdings in shares of Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company's stock valued at $418,000 after acquiring an additional 236 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of Rubrik by 9.2% in the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company's stock valued at $255,000 after acquiring an additional 282 shares during the last quarter. Finally, Essential Partners LLC raised its position in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock worth $28,000 after acquiring an additional 284 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company's platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).

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