Rubrik (NYSE:RBRK) Price Target Cut to $88.00 by Analysts at Citigroup

Rubrik (NYSE:RBRK) had its price objective trimmed by Citigroup from $115.00 to $88.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the company. Wedbush lowered their target price on Rubrik from $120.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday. DA Davidson set a $70.00 price target on shares of Rubrik in a research note on Friday. Wells Fargo & Company lowered their price objective on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday. Piper Sandler restated an “overweight” rating and set a $84.00 price objective (down from $99.00) on shares of Rubrik in a report on Friday. Finally, Rosenblatt Securities cut their price objective on shares of Rubrik from $120.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.42.

Rubrik Trading Down 3.4%

Shares of Rubrik stock opened at $51.60 on Monday. The stock’s fifty day simple moving average is $58.70 and its 200 day simple moving average is $71.36. The company has a market capitalization of $10.33 billion, a PE ratio of -29.15 and a beta of 0.46. Rubrik has a 12 month low of $46.36 and a 12 month high of $103.00.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analyst estimates of $342.43 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The firm’s revenue was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts predict that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 20,000 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $67.66, for a total value of $1,353,200.00. Following the sale, the chief financial officer owned 489,959 shares of the company’s stock, valued at $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 SEC, which can be accessed through the SEC website. Also, CTO Arvind Nithrakashyap sold 31,450 shares of the business’s 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 directly owned 342,703 shares in the company, valued at approximately $26,110,541.57. This represents a 8.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 146,219 shares of company stock worth $9,834,982. Insiders own 32.38% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Allworth Financial LP lifted its position in Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after buying an additional 268 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of Rubrik by 352.2% in the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after acquiring an additional 243 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after acquiring an additional 340 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Rubrik in the third quarter valued at about $31,000. Finally, Atlantic Union Bankshares Corp increased its position in shares of Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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).