Rubrik (NYSE:RBRK) Research Coverage Started at Wedbush

Wedbush began coverage on shares of Rubrik (NYSE:RBRK) in a report published on Friday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $120.00 price objective on the stock.

Several other equities research analysts also recently issued reports on the stock. Oppenheimer set a $120.00 price objective on shares of Rubrik in a research report on Thursday, August 20th. UBS Group restated a “buy” rating and issued a $106.00 price target on shares of Rubrik in a research note on Wednesday, August 19th. DA Davidson increased their price objective on Rubrik from $90.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $120.00 target price on shares of Rubrik in a report on Friday, August 28th. Finally, Mizuho boosted their target price on shares of Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.31.

Rubrik Price Performance

RBRK stock opened at $86.45 on Friday. Rubrik has a one year low of $42.25 and a one year high of $107.91. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of -68.61 and a beta of 1.24. The company has a fifty day moving average price of $87.68 and a two-hundred day moving average price of $70.14.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Research analysts anticipate that Rubrik will post -1.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John Thompson sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $89.03, for a total value of $979,330.00. Following the completion of the transaction, the director owned 8,362 shares of the company’s stock, valued at $744,468.86. The trade was a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Choudary sold 10,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00. Following the sale, the chief financial officer directly owned 978,073 shares of the company’s stock, valued at $96,164,137.36. This represents a 1.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 138,217 shares of company stock valued at $11,706,692. 13.66% of the stock is owned by insiders.

Institutional Trading of Rubrik

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in shares of Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after purchasing an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Creative Planning lifted 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 period. Moors & Cabot Inc. lifted its holdings in Rubrik by 9.2% in the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after buying an additional 282 shares during the period. Finally, Essential Partners LLC lifted its holdings in Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after buying an additional 284 shares during the period. Institutional investors own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.