Rubrik (NYSE:RBRK) Updates Q2 2026 Earnings Guidance

Rubrik (NYSE:RBRK - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of -0.350--0.330 for the period, compared to the consensus EPS estimate of -0.360. The company issued revenue guidance of $281.0 million-$283.0 million, compared to the consensus revenue estimate of $273.0 million. Rubrik also updated its FY 2026 guidance to -1.020--0.960 EPS.

Rubrik Price Performance

Shares of Rubrik stock traded down $0.54 during trading hours on Friday, hitting $98.03. 6,567,499 shares of the company's stock traded hands, compared to its average volume of 2,158,031. Rubrik has a 12-month low of $28.34 and a 12-month high of $103.00. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of -34.64 and a beta of 0.87. The company has a fifty day simple moving average of $75.32 and a 200-day simple moving average of $69.25.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. During the same period in the prior year, the business earned ($1.58) earnings per share. The company's revenue for the quarter was up 48.7% compared to the same quarter last year. On average, analysts forecast that Rubrik will post -7.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RBRK has been the subject of several research analyst reports. Rosenblatt Securities raised their target price on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report on Friday. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 target price (up from $77.00) on shares of Rubrik in a research report on Friday. Roth Capital raised their target price on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research report on Friday. KeyCorp raised their target price on Rubrik from $98.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Wells Fargo & Company lifted their price objective on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rubrik presently has an average rating of "Moderate Buy" and an average price target of $95.81.

Insider Buying and Selling at Rubrik

In other news, major shareholder Lightspeed Management Company, sold 13,213 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $62.98, for a total transaction of $832,154.74. Following the completion of the transaction, the insider now owns 21,221 shares of the company's stock, valued at approximately $1,336,498.58. The trade was a 38.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yvonne Wassenaar sold 2,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $99.98, for a total value of $199,960.00. Following the transaction, the director now directly owns 153 shares of the company's stock, valued at $15,296.94. The trade was a 92.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 632,609 shares of company stock valued at $47,450,968 in the last quarter. 32.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its position in Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock worth $76,000 after buying an additional 300 shares during the last quarter. Comerica Bank lifted its position in Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after buying an additional 395 shares during the last quarter. Rhumbline Advisers lifted its position in Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after buying an additional 2,000 shares during the last quarter. Royal Bank of Canada lifted its position in Rubrik by 231.3% in the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company's stock worth $1,789,000 after buying an additional 20,471 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock worth $57,343,000 after buying an additional 236,181 shares during the last quarter. Hedge funds and other 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.