Rosenblatt Securities Increases Rubrik (NYSE:RBRK) Price Target to $120.00

Rubrik (NYSE:RBRK) had its price target increased by Rosenblatt Securities from $115.00 to $120.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 70.40% from the company’s current price.

Other equities research analysts have also issued reports about the stock. William Blair raised shares of Rubrik to an “outperform” rating in a research note on Friday. Barclays increased their price target on Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. FBN Securities reiterated an “outperform” rating on shares of Rubrik in a research report on Wednesday, September 10th. Piper Sandler reissued an “overweight” rating on shares of Rubrik in a research note on Friday. Finally, Cantor Fitzgerald dropped their target price on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.31.

Rubrik Stock Performance

Shares of RBRK opened at $70.42 on Friday. The business’s 50-day moving average is $75.38 and its two-hundred day moving average is $83.64. The company has a market capitalization of $13.91 billion, a P/E ratio of -30.10 and a beta of 0.32. Rubrik has a fifty-two week low of $47.35 and a fifty-two week high of $103.00.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. During the same quarter in the previous year, the company earned ($0.21) EPS. The firm’s quarterly revenue was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Analysts forecast that Rubrik will post -7.66 EPS for the current year.

Insider Activity at Rubrik

In related news, insider Brian K. Mccarthy sold 10,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $75.90, for a total value of $759,000.00. Following the sale, the insider owned 349,319 shares in the company, valued at approximately $26,513,312.10. The trade was a 2.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the firm’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 transaction of $489,711.79. Following the completion of the transaction, the chief financial officer directly owned 516,184 shares of the company’s stock, valued at approximately $38,306,014.64. The trade was a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 115,966 shares of company stock worth $8,777,876. Company insiders own 32.38% of the company’s stock.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Rubrik by 73.1% in the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after acquiring an additional 5,077,513 shares during the last quarter. Norges Bank acquired a new stake in Rubrik during the 2nd quarter worth $219,132,000. First Trust Advisors LP boosted its stake in Rubrik by 44.8% in the second quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock valued at $399,814,000 after acquiring an additional 1,380,941 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Rubrik by 388.7% during the second quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock worth $139,309,000 after purchasing an additional 1,237,014 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Rubrik by 101.8% during the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after buying an additional 1,229,476 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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.