Mizuho Cuts Rubrik (NYSE:RBRK) Price Target to $80.00

Rubrik (NYSE:RBRK) had its price target cut by Mizuho from $97.00 to $80.00 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research report on Monday, December 29th. Piper Sandler cut their price objective on shares of Rubrik from $118.00 to $99.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Wedbush reissued an “outperform” rating and issued a $120.00 target price on shares of Rubrik in a research note on Friday, December 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Finally, KeyCorp reduced their price objective on Rubrik from $113.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.94.

Rubrik Price Performance

NYSE RBRK opened at $54.14 on Tuesday. The stock’s 50 day simple moving average is $66.83 and its 200-day simple moving average is $75.59. The company has a market cap of $10.84 billion, a PE ratio of -27.77 and a beta of 0.31. Rubrik has a 1-year low of $47.35 and a 1-year high of $103.00.

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

Insider Transactions at Rubrik

In related news, Director Ravi Mhatre sold 101,659 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $81.82, for a total value of $8,317,739.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction on Monday, January 5th. The shares were sold at an average price of $73.84, for a total value of $812,240.00. Following the completion of the sale, the director owned 2,702 shares in the company, valued at $199,515.68. This represents a 80.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,887 shares of company stock valued at $19,276,805 in the last ninety days. 32.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after acquiring an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. CI Investments Inc. lifted its position in shares of Rubrik by 31.7% during the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after purchasing an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Rubrik by 24.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after purchasing an additional 224 shares in the last quarter. Finally, Creative Planning increased its holdings in Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after buying an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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).