Rubrik's (RBRK) "Outperform" Rating Reaffirmed at Wedbush

Key Points

• Wedbush reaffirmed its outperform rating on Rubrik and kept a $90 price target, implying roughly 22% upside from the stock’s current level.
• Other major analysts remain bullish: UBS, Guggenheim, Citigroup, and Barclays all reiterated positive ratings, and the overall consensus from analysts is a Moderate Buy with an average target of $92.36.
• Rubrik’s latest earnings beat expectations, with $0.16 EPS and $387.1 million in revenue, while quarterly revenue jumped 39% year over year; the company also raised its FY 2027 guidance.

Rubrik (NYSE:RBRK - Get Free Report)'s stock had its "outperform" rating restated by analysts at Wedbush in a note issued to investors on Friday,Benzinga reports. They currently have a $90.00 price objective on the stock. Wedbush's price target would suggest a potential upside of 21.94% from the company's current price.

Other equities analysts also recently issued research reports about the stock. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Monday. Guggenheim reaffirmed a "buy" rating on shares of Rubrik in a report on Friday. Citigroup reaffirmed a "buy" rating on shares of Rubrik in a research report on Friday. Barclays reiterated an "overweight" rating and set a $90.00 price objective (up from $70.00) on shares of Rubrik in a research note on Friday. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Rubrik in a report on Friday, March 27th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and a consensus target price of $92.36.

Rubrik Stock Down 4.1%

Shares of Rubrik stock opened at $73.81 on Friday. The business has a 50-day moving average price of $58.27 and a 200 day moving average price of $62.54. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $103.00. The firm has a market cap of $14.93 billion, a P/E ratio of -41.76 and a beta of 1.10.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.28 million. During the same period in the prior year, the business earned ($0.15) EPS. 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, equities research analysts anticipate that Rubrik will post -1.45 earnings per share for the current year.

Insider Activity

In other news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.55, for a total transaction of $930,050.00. Following the transaction, the director directly owned 4,653 shares in the company, valued at approximately $393,411.15. This trade represents a 70.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 122,613 shares of the business's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the sale, the chief financial officer directly owned 564,901 shares in the company, valued at $27,228,228.20. This represents a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 398,939 shares of company stock worth $27,628,167 in the last quarter. 13.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently bought and sold shares of RBRK. Essential Partners LLC grew its stake in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock worth $28,000 after purchasing an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock worth $30,000 after buying an additional 340 shares in the last quarter. Financial Life Planners bought a new stake in Rubrik during the third quarter worth approximately $31,000. Atlantic Union Bankshares Corp grew its position in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after buying an additional 200 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in Rubrik in the fourth quarter worth approximately $33,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: BMO Capital Markets raised its price target on Rubrik (RBRK) from $73 to $87 and reiterated an outperform rating, signaling continued confidence in upside potential after the company’s strong earnings release. Benzinga report on BMO price target increase
• Positive Sentiment: DA Davidson lifted its target from $70 to $90 and kept a buy rating, adding to the bullish analyst momentum around Rubrik’s growth and execution. Benzinga report on DA Davidson price target increase
• Positive Sentiment: Oppenheimer also raised its target on RBRK from $85 to $90 with an outperform rating, reinforcing the view that the stock could still have room to run. The Fly report on Oppenheimer price target increase
• Positive Sentiment: Rubrik’s first-quarter results beat estimates on both earnings and revenue, and the company raised guidance for fiscal 2027, which supports the bullish rerating. Rubrik Q1 FY2027 financial results
• Neutral Sentiment: Several insiders disclosed stock sales this week, including CTO Arvind Nithrakashyap and directors Yvonne Wassenaar and John Wendell Thompson; the trades were made under pre-arranged plans, so they may not signal a change in fundamentals, but they can still weigh on sentiment. SEC filing for insider sale

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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