BMO Capital Markets Forecasts Strong Price Appreciation for Rubrik (NYSE:RBRK) Stock

Rubrik (NYSE:RBRK) had its target price upped by investment analysts at BMO Capital Markets from $58.00 to $64.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 22.47% from the stock’s previous close.

Several other research analysts have also commented on the company. Scotiabank set a $70.00 target price on Rubrik and gave the stock a “sector outperform” rating in a research report on Monday. Barclays cut their price target on Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Robert W. Baird cut their price target on Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Wells Fargo & Company cut their price target on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Finally, Cantor Fitzgerald cut their price target on Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. One equities 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 given a Sell rating to the company. According to MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and a consensus price target of $87.43.

Rubrik Trading Up 2.4%

Shares of RBRK opened at $52.26 on Thursday. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of -29.52 and a beta of 0.63. The stock has a 50 day moving average of $51.66 and a 200-day moving average of $64.87. Rubrik has a 52 week low of $42.25 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK) last issued its 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 firm had revenue of $377.68 million during the quarter, compared to analyst estimates of $342.43 million. Rubrik’s revenue was up 46.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) EPS. 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, sell-side analysts predict that Rubrik will post -1.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rubrik news, Director John Wendell Thompson sold 2,500 shares of Rubrik stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $48.96, for a total transaction of $122,400.00. Following the sale, the director owned 20,000 shares of the company’s stock, valued at $979,200. The trade was a 11.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 20,000 shares of Rubrik stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total value of $1,033,800.00. Following the sale, the chief financial officer directly owned 549,901 shares in the company, valued at $28,424,382.69. The trade was a 3.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 203,113 shares of company stock valued at $10,157,582. Insiders own 32.38% of the company’s stock.

Institutional Trading of Rubrik

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after buying an additional 150 shares in the last quarter. 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 worth $31,000 after buying an additional 200 shares in the last quarter. CI Investments Inc. raised its stake in shares of Rubrik by 31.7% in the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after buying an additional 207 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Rubrik by 24.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after buying an additional 224 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after buying an additional 236 shares in the last quarter. 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).