Rubrik (NYSE:RBRK) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Rubrik (NYSE:RBRK) had its target price raised by equities researchers at Rosenblatt Securities from $95.00 to $105.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price target points to a potential upside of 13.23% from the stock’s current price.

A number of other analysts also recently commented on the company. KeyCorp upped their target price on Rubrik from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial boosted their price target on Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Cantor Fitzgerald raised their target price on shares of Rubrik from $95.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Wednesday, June 24th. Finally, Mizuho lifted their target price on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.56.

Rubrik Stock Down 5.4%

Shares of Rubrik stock opened at $92.73 on Wednesday. The company has a market cap of $19.09 billion, a P/E ratio of -63.95 and a beta of 1.17. Rubrik has a 52-week low of $42.25 and a 52-week high of $106.50. The firm’s 50 day moving average price is $83.20 and its 200-day moving average price is $66.51.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The company’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.15) earnings per share. 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 forecast that Rubrik will post -1.13 EPS for the current fiscal year.

Insider Activity at Rubrik

In related news, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction on Monday, July 13th. The stock was sold at an average price of $83.10, for a total transaction of $330,654.90. Following the completion of the transaction, the director directly owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $75.00, for a total value of $54,075.00. Following the sale, the director directly owned 3,917 shares in the company, valued at approximately $293,775. The trade was a 15.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 327,682 shares of company stock worth $27,385,376. 13.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rubrik

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its position 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. Banque Cantonale Vaudoise acquired a new stake in shares of Rubrik during the 3rd quarter worth approximately $34,000. Triumph Capital Management bought a new position in shares of Rubrik during the fourth quarter worth about $33,000. Los Angeles Capital Management LLC bought a new position in Rubrik in the 4th quarter worth about $35,000. Finally, Advocate Investing Services LLC acquired a new stake in Rubrik in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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).