Rubrik (NYSE:RBRK) Sets New 1-Year Low – Here’s What Happened

Rubrik, Inc. (NYSE:RBRK) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $46.00 and last traded at $48.34, with a volume of 180130 shares trading hands. The stock had previously closed at $47.18.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, February 9th. DA Davidson set a $70.00 price target on shares of Rubrik in a report on Friday, March 13th. Citigroup lowered their price objective on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Barclays dropped their price objective on shares of Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Finally, Mizuho cut their price objective on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.10.

Rubrik Trading Down 3.9%

The company has a 50 day simple moving average of $54.77 and a 200 day simple moving average of $69.09. The stock has a market cap of $9.16 billion, a P/E ratio of -25.84 and a beta of 0.45.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to the consensus estimate of $342.43 million. During the same period in the prior year, the business earned ($0.18) earnings per share. Rubrik’s revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In related news, CFO Kiran Kumar Choudary sold 122,613 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the transaction, the chief financial officer owned 564,901 shares of the company’s stock, valued at approximately $27,228,228.20. This trade represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Arvind Nithrakashyap sold 4,648 shares of Rubrik stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $70.40, for a total transaction of $327,219.20. Following the completion of the sale, the chief technology officer owned 337,010 shares in the company, valued at $23,725,504. The trade was a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 222,306 shares of company stock worth $12,189,518. Company insiders own 32.38% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Rubrik in the fourth quarter valued at about $345,907,000. First Trust Advisors LP raised its holdings in Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after acquiring an additional 2,116,272 shares in the last quarter. Vanguard Group Inc. raised its holdings in Rubrik by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after acquiring an additional 1,678,255 shares in the last quarter. Federated Hermes Inc. boosted its position in Rubrik by 101.8% during the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after purchasing an additional 1,229,476 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Rubrik during the third quarter valued at approximately $97,828,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

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).