Truist Financial Lowers Rubrik (NYSE:RBRK) Price Target to $80.00

Rubrik (NYSE:RBRK) had its price objective dropped by analysts at Truist Financial from $110.00 to $80.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 50.09% from the stock’s previous close.

Several other equities research analysts also recently issued reports on RBRK. KeyCorp dropped their price objective on Rubrik from $95.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday. Wedbush reiterated an “outperform” rating and set a $120.00 price target on shares of Rubrik in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a report on Friday, December 5th. Finally, Citigroup reiterated a “buy” rating on shares of Rubrik in a research report on Monday, January 12th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.94.

Rubrik Stock Performance

Rubrik stock traded down $1.25 during trading on Tuesday, reaching $53.30. 895,634 shares of the company’s stock were exchanged, compared to its average volume of 4,030,939. The company’s 50-day moving average is $68.96 and its two-hundred day moving average is $76.13. Rubrik has a 52-week low of $47.35 and a 52-week high of $103.00. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of -27.31 and a beta of 0.33.

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

Insider Activity at Rubrik

In related news, CTO Arvind Nithrakashyap sold 4,648 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $70.40, for a total transaction of $327,219.20. Following the sale, the chief technology officer owned 337,010 shares of the company’s stock, valued at $23,725,504. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $70.88, for a total value of $708,800.00. Following the completion of the sale, the insider owned 330,772 shares of the company’s stock, valued at $23,445,119.36. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 240,387 shares of company stock valued at $18,436,515. 32.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rubrik

Large investors have recently made changes to their positions in the business. Strs Ohio increased its holdings in Rubrik by 90.8% in the 3rd quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after buying an additional 29,649 shares during the period. GGM Financials LLC bought a new stake in Rubrik in the second quarter valued at about $8,108,000. WCM Investment Management LLC bought a new stake in Rubrik in the third quarter valued at about $4,717,000. Truist Financial Corp raised its position in Rubrik by 1,228.3% in the third quarter. Truist Financial Corp now owns 40,752 shares of the company’s stock worth $3,352,000 after purchasing an additional 37,684 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Rubrik by 471.4% during the third quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after purchasing an additional 41,756 shares during the period. 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).