Weiss Ratings Reaffirms "Sell (D)" Rating for Rubrik (NYSE:RBRK)

Rubrik (NYSE:RBRK - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on RBRK. KeyCorp boosted their price objective on Rubrik from $113.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. CIBC boosted their price objective on Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a research note on Thursday, September 11th. Cantor Fitzgerald reissued an "overweight" rating and set a $115.00 price objective on shares of Rubrik in a research note on Wednesday, September 10th. Wedbush reaffirmed an "outperform" rating and set a $120.00 target price on shares of Rubrik in a research note on Thursday, September 11th. Finally, Rosenblatt Securities upped their target price on Rubrik from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $108.67.

Rubrik Price Performance

Shares of NYSE RBRK opened at $84.18 on Wednesday. The business's 50 day moving average is $85.13 and its two-hundred day moving average is $81.65. Rubrik has a 1-year low of $34.62 and a 1-year high of $103.00. The stock has a market capitalization of $16.62 billion, a P/E ratio of -35.97 and a beta of 0.24.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. During the same period in the previous year, the firm earned ($0.40) earnings per share. The company's revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. As a group, equities research analysts anticipate that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insider Transactions at Rubrik

In related news, Director John Wendell Thompson sold 9,009 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total value of $745,584.84. Following the completion of the sale, the director owned 998 shares in the company, valued at approximately $82,594.48. The trade was a 90.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 4,670 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $346,560.70. Following the completion of the sale, the executive owned 407,632 shares of the company's stock, valued at $30,250,370.72. The trade was a 1.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,466 shares of company stock worth $10,083,014 over the last three months. Company insiders own 32.38% of the company's stock.

Institutional Trading of Rubrik

A number of large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Rubrik by 35.3% in the third quarter. Assenagon Asset Management S.A. now owns 759,263 shares of the company's stock valued at $62,449,000 after purchasing an additional 198,133 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of Rubrik in the third quarter valued at approximately $302,000. Oak Thistle LLC purchased a new stake in Rubrik during the third quarter worth $2,482,000. China Universal Asset Management Co. Ltd. purchased a new stake in Rubrik during the second quarter worth $762,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Rubrik during the second quarter worth $35,657,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

About Rubrik

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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