Rubrik (NYSE:RBRK) Upgraded at DA Davidson

DA Davidson upgraded shares of Rubrik (NYSE:RBRK) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on RBRK. Citigroup restated a “buy” rating on shares of Rubrik in a report on Monday, January 12th. Robert W. Baird boosted their price objective on shares of Rubrik from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. BMO Capital Markets decreased their price objective on shares of Rubrik from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. The Goldman Sachs Group reduced their price target on Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a report on Monday, February 9th. Finally, Berenberg Bank started coverage on Rubrik in a research note on Tuesday, November 18th. They set a “buy” rating and a $114.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.74.

Rubrik Trading Up 2.0%

Shares of RBRK stock opened at $52.06 on Monday. The company has a market cap of $10.42 billion, a PE ratio of -26.70 and a beta of 0.31. The company’s fifty day simple moving average is $64.58 and its 200-day simple moving average is $74.38. Rubrik has a 52 week low of $46.36 and a 52 week high of $103.00.

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

Insider Buying and Selling at Rubrik

In related news, CFO Kiran Kumar Choudary sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $67.66, for a total transaction of $1,353,200.00. Following the completion of the transaction, the chief financial officer owned 489,959 shares in the company, valued at approximately $33,150,625.94. The trade was a 3.92% 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, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $73.84, for a total transaction of $812,240.00. Following the completion of the sale, the director directly owned 2,702 shares of the company’s stock, valued at $199,515.68. The trade was a 80.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 256,887 shares of company stock worth $19,276,805 over the last ninety days. 32.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its position in shares of Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after acquiring an additional 268 shares in the last quarter. Bogart Wealth LLC boosted its stake in Rubrik by 352.2% in the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after purchasing an additional 243 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after purchasing an additional 340 shares in the last quarter. Financial Life Planners bought a new position in Rubrik during the 3rd quarter worth about $31,000. Finally, Atlantic Union Bankshares Corp raised its stake in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 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).