Citigroup Cuts Rubrik (NYSE:RBRK) Price Target to $88.00

Rubrik (NYSE:RBRK) had its target price decreased by Citigroup from $115.00 to $88.00 in a research report released on Monday,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective (down from $99.00) on shares of Rubrik in a research note on Friday, March 13th. William Blair upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating in a research report on Friday, December 5th. Roth Mkm reaffirmed a “buy” rating on shares of Rubrik in a report on Friday, December 5th. Barclays lowered their price target on shares of Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Finally, BMO Capital Markets dropped their price objective on shares of Rubrik from $105.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.42.

Rubrik Stock Performance

Shares of RBRK stock opened at $52.04 on Monday. The stock has a fifty day moving average price of $57.74 and a 200 day moving average price of $70.96. The stock has a market cap of $10.41 billion, a PE ratio of -29.40 and a beta of 0.45. Rubrik has a 1 year low of $46.36 and a 1 year high of $103.00.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to analyst estimates of $342.43 million. During the same period last year, the company posted ($0.18) EPS. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, equities research analysts predict that Rubrik will post -7.66 earnings per share for the current year.

Insider Activity

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $70.88, for a total value of $708,800.00. Following the transaction, the insider directly owned 330,772 shares in the company, valued at approximately $23,445,119.36. This represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $54.17, for a total transaction of $1,083,400.00. Following the sale, the chief financial officer directly owned 474,959 shares in the company, valued at $25,728,529.03. This represents a 4.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 103,193 shares of company stock worth $6,556,946. Company insiders own 32.38% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Several institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP raised its holdings in Rubrik by 1,030.8% in the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after acquiring an additional 268 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after purchasing an additional 243 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after purchasing an additional 340 shares during the last quarter. Financial Life Planners purchased a new stake in shares of Rubrik in the third quarter valued at $31,000. Finally, Guerra Advisors Inc purchased a new stake in shares of Rubrik in the third quarter valued at $33,000. 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).