Rubrik (NYSE:RBRK) Given “Outperform” Rating at Wedbush

Wedbush reissued their outperform rating on shares of Rubrik (NYSE:RBRK) in a report released on Thursday morning,Benzinga reports. The firm currently has a $120.00 price target on the stock.

Other equities research analysts have also issued reports about the company. Wall Street Zen lowered Rubrik from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Robert W. Baird increased their price target on Rubrik from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Rosenblatt Securities increased their price target on Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer restated a “market perform” rating on shares of Rubrik in a research report on Friday, June 6th. Finally, Truist Financial increased their price target on Rubrik from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Sixteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.38.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $78.00 on Thursday. The business’s fifty day moving average price is $87.86 and its two-hundred day moving average price is $79.41. Rubrik has a fifty-two week low of $30.09 and a fifty-two week high of $103.00. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of -33.33 and a beta of 0.43.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Tuesday, September 9th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.15). The company had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.26 million. Rubrik’s revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. Research analysts expect that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 43,128 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total value of $3,819,415.68. Following the transaction, the chief technology officer directly owned 38,122 shares in the company, valued at $3,376,084.32. This trade represents a 53.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $85.97, for a total value of $2,149,250.00. Following the completion of the transaction, the executive owned 431,052 shares in the company, valued at $37,057,540.44. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 210,586 shares of company stock valued at $18,542,628 over the last ninety days. Company insiders own 32.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP boosted its position in shares of Rubrik by 1,030.8% in the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after purchasing an additional 268 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Rubrik in the 2nd quarter worth $27,000. Beacon Capital Management LLC bought a new position in shares of Rubrik in the 2nd quarter worth $29,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik in the 1st quarter worth $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Rubrik in the 1st quarter worth $31,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Company Profile

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.