Rubrik (NYSE:RBRK) Updates Q2 2027 Earnings Guidance

Key Points

• Rubrik raised its Q2 2027 guidance, now expecting EPS of $0.03 to $0.05 and revenue of $395 million to $397 million. Both figures came in above Wall Street consensus estimates.
• The company also updated full-year FY 2027 EPS guidance to $0.25 to $0.35, signaling stronger expected profitability than previously forecast.
• Despite the upbeat outlook, Rubrik shares fell 3.1% on the day, and recent analyst moves were mixed, with several firms cutting price targets even as the stock retains a consensus “Moderate Buy” rating.

Rubrik (NYSE:RBRK - Get Free Report) updated its second quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.030-0.050 for the period, compared to the consensus earnings per share estimate of -0.070. The company issued revenue guidance of $395.0 million-$397.0 million, compared to the consensus revenue estimate of $382.6 million. Rubrik also updated its FY 2027 guidance to 0.250-0.350 EPS.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup reduced their price objective on shares of Rubrik from $115.00 to $88.00 and set a "buy" rating for the company in a research report on Monday, March 16th. Wolfe Research assumed coverage on shares of Rubrik in a research report on Friday, May 1st. They set an "outperform" rating and a $70.00 price objective for the company. The Goldman Sachs Group reduced their price objective on shares of Rubrik from $120.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, February 9th. Guggenheim restated a "buy" rating and set a $110.00 price objective on shares of Rubrik in a research report on Friday, March 13th. Finally, Oppenheimer upgraded shares of Rubrik from a "market perform" rating to an "outperform" rating and set a $85.00 price objective for the company in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.12.

Rubrik Stock Down 3.1%

Shares of Rubrik stock traded down $2.44 during trading hours on Thursday, reaching $77.02. 6,289,200 shares of the company's stock were exchanged, compared to its average volume of 3,874,443. Rubrik has a 1 year low of $42.25 and a 1 year high of $103.00. The company has a market capitalization of $15.58 billion, a P/E ratio of -43.52 and a beta of 1.10. The business has a fifty day moving average of $57.70 and a two-hundred day moving average of $62.50.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. The business's quarterly revenue was up 46.3% on a year-over-year basis. During the same period last year, the firm posted ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, research analysts predict that Rubrik will post -1.45 EPS for the current year.

Insider Activity

In related news, Director Yvonne Wassenaar sold 721 shares of the company's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $80.73, for a total value of $58,206.33. Following the completion of the sale, the director owned 2,326 shares of the company's stock, valued at approximately $187,777.98. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $82.16, for a total transaction of $1,053,291.20. Following the completion of the sale, the chief technology officer directly owned 314,048 shares of the company's stock, valued at $25,802,183.68. This represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 398,939 shares of company stock worth $27,628,167. Company insiders own 13.66% of the company's stock.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Negative Sentiment: CTO Arvind Nithrakashyap disclosed two large share sales totaling more than 212,000 shares in early June, which can weigh on sentiment even though both trades were made under a pre-arranged 10b5-1 plan. SEC filing for Arvind Nithrakashyap sale
• Negative Sentiment: Director John Wendell Thompson also sold shares, adding to the perception that insiders may be taking profits after Rubrik’s strong run. SEC filing for John Wendell Thompson sale
• Negative Sentiment: Director Yvonne Wassenaar disclosed another sale, reinforcing the near-term insider-selling overhang on RBRK. SEC filing for Yvonne Wassenaar sale

Institutional Investors Weigh In On Rubrik

A number of hedge funds have recently modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the period. Federated Hermes Inc. grew its holdings in shares of Rubrik by 0.5% in the fourth quarter. Federated Hermes Inc. now owns 2,449,646 shares of the company's stock valued at $187,349,000 after purchasing an additional 11,878 shares during the period. State Street Corp grew its holdings in shares of Rubrik by 13.2% in the fourth quarter. State Street Corp now owns 2,356,918 shares of the company's stock valued at $180,257,000 after purchasing an additional 274,132 shares during the period. PointState Capital LP boosted its stake in Rubrik by 23.4% during the fourth quarter. PointState Capital LP now owns 2,100,000 shares of the company's stock worth $160,608,000 after buying an additional 397,653 shares during the period. Finally, Bank of America Corp DE boosted its stake in Rubrik by 7.0% during the second quarter. Bank of America Corp DE now owns 2,073,044 shares of the company's stock worth $185,724,000 after buying an additional 136,262 shares during the period. Hedge funds and other institutional investors 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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