Rubrik (NYSE:RBRK) Given New $80.00 Price Target at The Goldman Sachs Group

Rubrik (NYSE:RBRK) had its price objective lowered by The Goldman Sachs Group from $120.00 to $80.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

RBRK has been the topic of a number of other reports. UBS Group reiterated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Wedbush reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Rubrik in a report on Friday, December 5th. Piper Sandler decreased their price objective on Rubrik from $118.00 to $99.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Oppenheimer began coverage on Rubrik in a research report on Monday, November 17th. They set a “market perform” rating for the company. Finally, William Blair upgraded Rubrik from a “market perform” rating to an “outperform” rating in a report on Friday, December 5th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.39.

Rubrik Stock Performance

Rubrik stock opened at $54.09 on Monday. The business’s fifty day moving average is $71.24 and its two-hundred day moving average is $77.39. The firm has a market cap of $10.83 billion, a P/E ratio of -27.74 and a beta of 0.33. Rubrik has a 52 week low of $47.35 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, equities research analysts predict that Rubrik will post -7.66 earnings per share for the current year.

Insider Activity

In related news, insider Brian K. Mccarthy sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $90.83, for a total transaction of $908,300.00. Following the completion of the transaction, the insider owned 339,319 shares in the company, valued at approximately $30,820,344.77. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Arvind Nithrakashyap sold 31,450 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $76.19, for a total transaction of $2,396,175.50. Following the completion of the sale, the chief technology officer owned 342,703 shares in the company, valued at approximately $26,110,541.57. This trade represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 240,387 shares of company stock valued at $18,436,515. Insiders own 32.38% of the company’s stock.

Institutional Trading of Rubrik

A number of large investors have recently made changes to their positions in the company. Comerica Bank raised its stake in Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after buying an additional 395 shares during the period. Royal Bank of Canada increased its holdings in shares of Rubrik by 231.3% in the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after acquiring an additional 20,471 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 49.54% of the company’s stock.

About Rubrik

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).