Rubrik (NYSE:RBRK) Price Target Raised to $100.00 at KeyCorp

Rubrik (NYSE:RBRK) had its price objective increased by KeyCorp from $88.00 to $100.00 in a research note published on Thursday, Marketbeat.com reports. KeyCorp currently has an overweight rating on the stock.

A number of other research firms have also recently issued reports on RBRK. Oppenheimer increased their target price on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Rubrik in a research note on Monday, June 15th. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a report on Friday, June 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.96.

Rubrik Trading Down 0.7%

NYSE:RBRK opened at $79.85 on Thursday. Rubrik has a 1 year low of $42.25 and a 1 year high of $99.75. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of -55.07 and a beta of 1.10. The stock has a 50-day moving average price of $73.59 and a two-hundred day moving average price of $62.80.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same quarter last year, the company earned ($0.15) earnings per share. The firm’s revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Sell-side analysts forecast that Rubrik will post -1.16 earnings per share for the current year.

Insider Transactions at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $82.65, for a total transaction of $909,150.00. Following the completion of the transaction, the director owned 8,362 shares of the company’s stock, valued at $691,119.30. This represents a 56.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97. Following the transaction, the director directly owned 4,638 shares of the company’s stock, valued at $378,321.66. This represents a 13.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 291,321 shares of company stock worth $24,074,426. 13.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp increased its stake in 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 buying an additional 200 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Rubrik during the 3rd quarter worth about $34,000. Triumph Capital Management acquired a new position in shares of Rubrik during the 4th quarter worth about $33,000. Los Angeles Capital Management LLC bought a new position in shares of Rubrik in the 4th quarter valued at about $35,000. Finally, Advocate Investing Services LLC bought a new position in shares of Rubrik in the 4th quarter valued at about $38,000. Institutional investors and hedge funds 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).