Rubrik (NYSE:RBRK) Trading Down 3.2% - What's Next?

Key Points

• Rubrik, Inc. (NYSE:RBRK) shares fell by 3.2%, closing at $79.57, with a significant increase in trading volume of 4.6 million shares.
• Analysts have a generally positive outlook on Rubrik, with many raising target prices; the average target is currently $108.67, and the stock has an average rating of "Moderate Buy."
• Despite the stock decline, Rubrik reported strong earnings, exceeding expectations with a revenue of $309.86 million, up 44.9% from the previous year.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) fell 3.2% on Tuesday . The company traded as low as $76.84 and last traded at $79.57. 4,637,018 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 3,270,960 shares. The stock had previously closed at $82.21.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RBRK shares. Barclays boosted their price objective on Rubrik from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Wedbush reissued an "outperform" rating and set a $120.00 target price on shares of Rubrik in a research note on Thursday, September 11th. Rosenblatt Securities raised their price target on shares of Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. CIBC increased their target price on Rubrik from $125.00 to $130.00 and gave the company an "outperformer" rating in a report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Rubrik in a research note on Saturday, September 27th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $108.67.

Rubrik Price Performance

The stock has a market cap of $15.71 billion, a PE ratio of -34.00 and a beta of 0.24. The stock's fifty day moving average is $85.55 and its 200-day moving average is $81.65.

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

Insiders Place Their Bets

In related news, Director John Wendell Thompson sold 9,009 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total transaction of $745,584.84. Following the completion of the sale, the director directly owned 998 shares of the company's stock, valued at approximately $82,594.48. This trade represents a 90.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the completion of the transaction, the chief technology officer directly owned 333,528 shares in the company, valued at $24,751,112.88. The trade was a 10.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,966 shares of company stock worth $10,389,404 in the last three months. 32.38% of the stock is owned by insiders.

Institutional Trading of Rubrik

Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its holdings in shares of Rubrik by 23.1% in the first quarter. Northern Trust Corp now owns 236,649 shares of the company's stock valued at $14,431,000 after purchasing an additional 44,373 shares in the last quarter. Robocap Asset Management Ltd boosted its position in Rubrik by 186.8% in the 1st quarter. Robocap Asset Management Ltd now owns 109,099 shares of the company's stock valued at $6,653,000 after buying an additional 71,064 shares during the period. Perpetual Ltd grew its stake in shares of Rubrik by 8,282.0% in the second quarter. Perpetual Ltd now owns 587,156 shares of the company's stock worth $52,603,000 after acquiring an additional 580,151 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Rubrik by 200.2% during the first quarter. Hsbc Holdings PLC now owns 87,358 shares of the company's stock worth $5,317,000 after acquiring an additional 58,258 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Rubrik by 1,610.7% in the first quarter. Bessemer Group Inc. now owns 165,594 shares of the company's stock valued at $10,098,000 after acquiring an additional 155,914 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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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