Rubrik (NYSE:RBRK) Earns Outperform Rating from Analysts at Scotiabank

Scotiabank started coverage on shares of Rubrik (NYSE:RBRK) in a report issued on Monday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $70.00 target price on the stock.

Several other research analysts also recently commented on the stock. BTIG Research initiated coverage on shares of Rubrik in a research note on Friday, March 20th. They set a “buy” rating and a $64.00 price target on the stock. Truist Financial decreased their target price on shares of Rubrik from $110.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Wells Fargo & Company decreased their target price on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Citigroup decreased their target price on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $110.00 target price on shares of Rubrik in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.71.

Rubrik Stock Performance

RBRK stock opened at $55.24 on Monday. The company has a market capitalization of $11.17 billion, a PE ratio of -31.21 and a beta of 0.63. Rubrik has a one year low of $42.25 and a one year high of $103.00. The company’s 50 day moving average price is $51.75 and its two-hundred day moving average price is $65.17.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.04 EPS 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 analysts’ expectations of $342.43 million. The company’s revenue was up 46.3% compared to the same quarter last year. During the same period last year, the business posted ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, research analysts predict that Rubrik will post -1.44 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kiran Kumar Choudary sold 122,613 shares of Rubrik 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 sale, the chief financial officer owned 564,901 shares in the company, valued at $27,228,228.20. The trade was a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $53.62, for a total transaction of $589,820.00. Following the completion of the sale, the director owned 4,653 shares in the company, valued at approximately $249,493.86. This trade represents a 70.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 203,113 shares of company stock valued at $10,157,582 over the last three months. 32.38% of the stock is owned by company insiders.

Institutional Trading of Rubrik

Several large investors have recently added to or reduced their stakes in RBRK. Bogart Wealth LLC boosted its holdings in Rubrik by 352.2% in the third 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 boosted its holdings in Rubrik by 1,360.0% in the third 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 bought a new stake in Rubrik in the third quarter valued at $31,000. Atlantic Union Bankshares Corp boosted its holdings in 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 in the last quarter. Finally, Guerra Advisors Inc bought a new stake in Rubrik in the third quarter valued at $33,000. 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).