Rubrik (NYSE:RBRK) Releases Q2 2027 Earnings Guidance

Rubrik (NYSE:RBRK) updated its second quarter 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.030-0.050 for the period, compared to the consensus estimate of -0.070. The company issued revenue guidance of $395.0 million-$397.0 million, compared to the consensus revenue estimate of $382.6 million. Rubrik also updated its FY 2027 guidance to 0.250-0.350 EPS.

Analyst Ratings Changes

Several brokerages have weighed in on RBRK. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price (down from $99.00) on shares of Rubrik in a research note on Friday, March 13th. The Goldman Sachs Group dropped their price objective on Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Barclays cut their price objective on Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a report on Monday. Finally, Robert W. Baird cut their price objective on Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.12.

Rubrik Price Performance

Shares of NYSE RBRK traded down $2.44 during midday trading on Thursday, hitting $77.02. The company’s stock had a trading volume of 6,289,200 shares, compared to its average volume of 3,874,443. The business’s fifty day simple moving average is $57.70 and its two-hundred day simple moving average is $62.50. Rubrik has a 1 year low of $42.25 and a 1 year high of $103.00. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of -43.52 and a beta of 1.10.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same period in the previous year, the business posted ($0.18) EPS. The company’s revenue for the quarter was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts anticipate that Rubrik will post -1.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kiran Kumar Choudary sold 122,613 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the transaction, the chief financial officer owned 564,901 shares of the company’s stock, valued at approximately $27,228,228.20. This trade represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $84.55, for a total transaction of $930,050.00. Following the completion of the transaction, the director directly owned 4,653 shares of the company’s stock, valued at approximately $393,411.15. The trade was a 70.27% 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. In the last quarter, insiders have sold 398,939 shares of company stock valued at $27,628,167. 13.66% of the stock is owned by company insiders.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Negative Sentiment: CTO Arvind Nithrakashyap disclosed two large share sales totaling more than 212,000 shares in early June, which can weigh on sentiment even though both trades were made under a pre-arranged 10b5-1 plan. SEC filing for Arvind Nithrakashyap sale
• Negative Sentiment: Director John Wendell Thompson also sold shares, adding to the perception that insiders may be taking profits after Rubrik’s strong run. SEC filing for John Wendell Thompson sale
• Negative Sentiment: Director Yvonne Wassenaar disclosed another sale, reinforcing the near-term insider-selling overhang on RBRK. SEC filing for Yvonne Wassenaar sale

Institutional Trading of Rubrik

Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank raised its holdings in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares in the last quarter. Royal Bank of Canada raised its holdings in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after purchasing an additional 20,471 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds 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).