DA Davidson Issues Positive Forecast for Rubrik (NYSE:RBRK) Stock Price

Rubrik (NYSE:RBRK) had its price objective raised by investment analysts at DA Davidson from $90.00 to $115.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective suggests a potential upside of 19.43% from the stock’s current price.

RBRK has been the subject of a number of other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a research report on Friday, June 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. KeyCorp boosted their price target on Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Loop Capital started coverage on Rubrik in a report on Monday, August 3rd. They issued a “buy” rating and a $100.00 price target for the company. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $109.58.

Rubrik Trading Down 10.0%

RBRK traded down $10.73 during midday trading on Friday, reaching $96.29. The company’s stock had a trading volume of 3,439,062 shares, compared to its average volume of 3,732,297. The company has a fifty day simple moving average of $84.48 and a 200 day simple moving average of $67.25. The stock has a market cap of $19.82 billion, a P/E ratio of -66.41 and a beta of 1.17. Rubrik has a twelve month low of $42.25 and a twelve month high of $107.91.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The firm’s quarterly revenue was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Sell-side analysts expect that Rubrik will post -1.13 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00. Following the completion of the transaction, the chief financial officer directly owned 978,073 shares of the company’s stock, valued at approximately $96,164,137.36. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the sale, the chief technology officer owned 314,048 shares in the company, valued at $26,467,965.44. This represents a 38.84% 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. Over the last three months, insiders sold 324,844 shares of company stock valued at $27,172,526. 13.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rubrik

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA raised its position in Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. Norges Bank bought a new stake in shares of Rubrik during the fourth quarter valued at approximately $345,907,000. Legal & General Group Plc increased its holdings in shares of Rubrik by 8.6% in the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after purchasing an additional 151,234 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Rubrik by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after purchasing an additional 28,056 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in Rubrik by 47.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock worth $45,571,000 after buying an additional 191,738 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Strong earnings beat: Rubrik reported adjusted EPS of $0.20, well above the $0.04 consensus and the prior-year loss of $0.03. Revenue rose 43.9% year over year to $427.26 million, exceeding estimates of $396.30 million. Rubrik Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Raised outlook exceeded expectations: Management issued third-quarter EPS guidance of $0.07–$0.09 and revenue guidance of $429 million–$431 million, above consensus estimates. Full-year fiscal 2027 EPS guidance of $0.47–$0.53 and revenue guidance of approximately $1.7 billion also exceeded Wall Street forecasts. Rubrik Tumbles Despite Strong Q2 Results and Guidance
• Positive Sentiment: Analysts raised targets: BTIG increased its target from $109 to $125 and maintained a Buy rating. KeyCorp raised its target from $112 to $120 with an Overweight rating, while BMO lifted its target from $98 to $115 and assigned an Outperform rating. Cantor Fitzgerald reaffirmed Overweight with a $120 target. Analyst Ratings and Price Targets
• Positive Sentiment: Profitability arrived earlier than expected: Coverage highlighted Rubrik’s EPS beat and improving profitability, reinforcing investor optimism around subscription growth, recurring revenue and AI-driven demand. Rubrik Q2 2027 Earnings
• Neutral Sentiment: Rubrik appointed Rakefet Russak-Aminoach to its board, expanding the board to nine members. The appointment adds experienced financial and technology leadership but is not expected to materially change near-term results. Rubrik Appoints New Director
• Negative Sentiment: The stock initially fell after the report despite the beat and raised guidance, suggesting that investors had already priced in strong execution or were concerned about valuation and high expectations. Analysts and investors are continuing to examine the earnings-call details and subscription metrics. Rubrik Stock Is Falling After Earnings

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).