Rubrik (RBRK) to Release Quarterly Earnings on Thursday

Rubrik (NYSE:RBRK) will issue its quarterly earnings data after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of ($0.40) per share for the quarter. Rubrik has set its Q3 guidance at $(0.41)-$(0.39) EPS and its FY25 guidance at $(2.12)-$(2.06) EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. On average, analysts expect Rubrik to post $-8 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Rubrik Stock Performance

Rubrik stock opened at $49.66 on Thursday. The company’s 50-day moving average price is $39.42 and its 200-day moving average price is $35.19. Rubrik has a twelve month low of $28.34 and a twelve month high of $52.75.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets reduced their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Guggenheim increased their price target on Rubrik from $48.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company dropped their price objective on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. FBN Securities initiated coverage on shares of Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, Cantor Fitzgerald raised shares of Rubrik to a “strong-buy” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $46.71.

Insider Activity at Rubrik

In related news, CRO Brian K. Mccarthy sold 104,672 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $31.32, for a total value of $3,278,327.04. Following the completion of the transaction, the executive now owns 462,545 shares of the company’s stock, valued at $14,486,909.40. The trade was a 18.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 1,500 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $39.40, for a total value of $59,100.00. Following the sale, the chief financial officer now owns 423,060 shares of the company’s stock, valued at approximately $16,668,564. This represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 493,112 shares of company stock worth $17,747,746 over the last three months.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.