Mizuho Upgrades Rubrik (NYSE:RBRK) to Outperform

Rubrik (NYSE:RBRK) was upgraded by investment analysts at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a $97.00 price target on the stock. Mizuho’s price objective indicates a potential upside of 41.07% from the company’s previous close.

Several other research firms have also issued reports on RBRK. KeyCorp raised their price target on Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research report on Thursday, November 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $115.00 price target on shares of Rubrik in a research note on Wednesday, September 10th. Oppenheimer initiated coverage on shares of Rubrik in a report on Monday. They issued a “market perform” rating on the stock. Finally, Barclays upped their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Eighteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.69.

Rubrik Price Performance

RBRK stock opened at $68.76 on Monday. The firm has a 50 day simple moving average of $77.63 and a two-hundred day simple moving average of $84.59. The stock has a market cap of $13.58 billion, a PE ratio of -29.39 and a beta of 0.20. Rubrik has a one year low of $42.50 and a one year high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. The business’s revenue was up 44.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, research analysts expect that Rubrik will post -7.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, CTO Arvind Nithrakashyap sold 40,170 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the completion of the sale, the chief technology officer directly owned 333,528 shares of the company’s stock, valued at $24,751,112.88. This trade represents a 10.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $72.29, for a total transaction of $253,015.00. Following the completion of the sale, the chief financial officer owned 510,551 shares in the company, valued at $36,907,731.79. This represents a 0.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 128,466 shares of company stock worth $10,113,568. Company insiders own 32.38% of the company’s stock.

Institutional Trading of Rubrik

Large investors have recently made changes to their positions in the stock. Dark Forest Capital Management LP boosted its position in Rubrik by 164.1% during the third quarter. Dark Forest Capital Management LP now owns 28,926 shares of the company’s stock valued at $2,379,000 after purchasing an additional 17,974 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of Rubrik in the 3rd quarter valued at about $314,000. XTX Topco Ltd grew its position in shares of Rubrik by 194.1% in the 3rd quarter. XTX Topco Ltd now owns 13,903 shares of the company’s stock worth $1,144,000 after buying an additional 9,176 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Rubrik during the 3rd quarter worth approximately $9,634,000. Finally, Voleon Capital Management LP raised its stake in shares of Rubrik by 60.3% during the 3rd quarter. Voleon Capital Management LP now owns 221,065 shares of the company’s stock worth $18,183,000 after acquiring an additional 83,157 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

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.