Rubrik (NYSE:RBRK) Upgraded to Strong-Buy at Jefferies Financial Group

Key Points

• Jefferies Financial Group upgraded Rubrik (RBRK) to a Strong-Buy in a research note issued Monday.
• Analyst views are mixed overall — Rubrik's consensus is a Moderate Buy with an average price target of $85.48 after several firms revised their targets and ratings.
• Rubrik beat the last quarter's expectations, reporting $0.04 EPS vs. ($0.11) est. and revenue of $377.7M (up 46.3% YoY); the company provided Q1 and FY2027 EPS guidance while sell-side forecasts still expect a negative EPS for the current year.

Rubrik (NYSE:RBRK - Get Free Report) was upgraded by Jefferies Financial Group to a "strong-buy" rating in a research note issued to investors on Monday, MarketBeat reports.

A number of other equities analysts have also recently commented on RBRK. Wedbush cut their target price on shares of Rubrik from $120.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, March 13th. The Goldman Sachs Group dropped their price objective on shares of Rubrik from $120.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, February 9th. BMO Capital Markets upped their target price on shares of Rubrik from $58.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. KeyCorp lowered their price target on Rubrik from $80.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, April 15th. Finally, Barclays dropped their price target on Rubrik from $100.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Rubrik presently has an average rating of "Moderate Buy" and an average price target of $85.48.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $53.40 on Monday. The company's fifty day moving average price is $51.63 and its 200 day moving average price is $64.40. Rubrik has a 12 month low of $42.25 and a 12 month high of $103.00. The firm has a market capitalization of $10.80 billion, a P/E ratio of -30.17 and a beta of 0.63.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to analyst estimates of $342.43 million. The business's revenue was up 46.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($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. On average, sell-side analysts anticipate that Rubrik will post -1.41 EPS for the current year.

Insider Buying and Selling at Rubrik

In other news, Director John Wendell Thompson sold 2,500 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $48.96, for a total transaction of $122,400.00. Following the transaction, the director directly owned 20,000 shares of the company's stock, valued at $979,200. This represents a 11.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the completion of the transaction, the chief financial officer owned 549,901 shares of the company's stock, valued at $28,424,382.69. This represents a 3.51% 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 quarter, insiders sold 203,113 shares of company stock valued at $10,157,582. 32.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio boosted its position in Rubrik by 90.8% during the third quarter. Strs Ohio now owns 62,300 shares of the company's stock worth $5,124,000 after purchasing an additional 29,649 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of Rubrik in the third quarter valued at $4,717,000. ARK Investment Management LLC raised its stake in shares of Rubrik by 21.1% during the 3rd quarter. ARK Investment Management LLC now owns 319,112 shares of the company's stock worth $26,247,000 after buying an additional 55,500 shares during the last quarter. Citigroup Inc. raised its stake in shares of Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company's stock worth $8,557,000 after buying an additional 70,504 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Rubrik by 471.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company's stock worth $4,181,000 after buying an additional 41,756 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

About Rubrik

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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