Rubrik’s (RBRK) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Rubrik (NYSE:RBRK) in a research note published on Friday, Marketbeat reports. They currently have a $120.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group restated a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Robert W. Baird increased their target price on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. BMO Capital Markets upped their price objective on Rubrik from $87.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Stephens restated an “overweight” rating on shares of Rubrik in a research report on Friday. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.96.

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $93.17 on Friday. The company has a 50-day simple moving average of $84.94 and a 200-day simple moving average of $67.52. Rubrik has a one year low of $42.25 and a one year high of $107.91. The stock has a market capitalization of $19.18 billion, a price-to-earnings ratio of -73.94 and a beta of 1.17.

Rubrik (NYSE:RBRK) last released its quarterly 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 analysts’ expectations of $396.30 million. During the same period in the prior year, the business earned ($0.03) EPS. The business’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. As a group, research analysts forecast that Rubrik will post -1.13 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In related news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total transaction of $909,150.00. Following the completion of the transaction, the director directly owned 8,362 shares in the company, valued at $691,119.30. The trade was a 56.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.32, for a total value of $983,200.00. Following the completion of the sale, the chief financial officer directly owned 978,073 shares in the company, valued at approximately $96,164,137.36. The trade was 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 sold 111,897 shares of company stock valued at $9,221,808. Company insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in Rubrik by 8,477.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock worth $1,186,676,000 after purchasing an additional 14,609,375 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after purchasing an additional 1,678,255 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after purchasing an additional 2,116,272 shares during the last quarter. Norges Bank acquired a new stake in shares of Rubrik during the 4th quarter worth about $345,907,000. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after buying an additional 1,696,342 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

More Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Strong earnings beat and raised outlook: Rubrik reported fiscal Q2 EPS of $0.20 versus the $0.04 consensus and revenue of $427.3 million versus expectations of $396.3 million. Revenue increased 43.9% year over year. Management guided fiscal 2027 revenue to approximately $1.7 billion and EPS to $0.47–$0.53, well above consensus estimates. Rubrik Q2 earnings report
• Positive Sentiment: Analyst targets moved higher: BMO Capital Markets, Barclays, and DA Davidson raised their price targets to $115, while KeyCorp raised its target to $120 and BTIG lifted its target to $125. The firms maintained bullish ratings, supporting the view that the post-earnings pullback may offer an entry opportunity. DA Davidson analyst report
• Positive Sentiment: AI security opportunity: Rubrik is emphasizing the growing threat from autonomous AI agents and positioning its data-security platform to address that risk, potentially expanding demand as businesses adopt AI. Rubrik AI threats article
• Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine members. The appointment may add strategic expertise but has limited immediate earnings impact. Rubrik board appointment
• Negative Sentiment: Margin concerns overshadowed the beat: Coverage indicates that gross-margin slippage and the stock’s elevated valuation prompted investors to lock in gains after the earnings release. Shares had climbed to roughly $107.7 before retreating, suggesting expectations were already very high. Rubrik gross margin article

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).