Rubrik, Inc. (NYSE:RBRK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Rubrik, Inc. (NYSE:RBRK) have received a consensus rating of “Moderate Buy” from the twenty-nine brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and twenty-eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $93.00.

RBRK has been the topic of several analyst reports. Mizuho boosted their target price on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. KeyCorp boosted their target price on Rubrik from $70.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. BMO Capital Markets boosted their price target on Rubrik from $73.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Piper Sandler restated an “overweight” rating and issued a $91.00 price target (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Finally, Scotiabank restated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th.

Rubrik Trading Up 2.4%

Rubrik stock opened at $69.83 on Tuesday. The business’s fifty day simple moving average is $61.52 and its two-hundred day simple moving average is $62.66. Rubrik has a 12 month low of $42.25 and a 12 month high of $99.75. The company has a market capitalization of $14.37 billion, a price-to-earnings ratio of -48.16 and a beta of 1.09.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same period last year, the firm posted ($0.15) earnings per share. The company’s revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, equities research analysts predict that Rubrik will post -1.16 EPS for the current year.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 199,447 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16. Following the completion of the transaction, the chief technology officer owned 314,048 shares in the company, valued at $26,467,965.44. The trade was a 38.84% 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, Director Mark D. Mclaughlin purchased 10,638 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was acquired at an average price of $47.21 per share, with a total value of $502,219.98. Following the purchase, the director directly owned 13,639 shares of the company’s stock, valued at approximately $643,897.19. The trade was a 354.48% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 398,939 shares of company stock valued at $27,628,167. Insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Essential Partners LLC raised its stake in shares of Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in Rubrik during the first quarter valued at $506,000. Smith Group Asset Management LLC purchased a new stake in Rubrik during the first quarter valued at $617,000. ADAR1 Capital Management LLC purchased a new stake in Rubrik during the first quarter valued at $240,000. Finally, Sunbelt Securities Inc. purchased a new stake in Rubrik during the first quarter valued at $46,000. 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).