Rubrik (NYSE:RBRK) Price Target Lowered to $80.00 at Truist Financial

Rubrik (NYSE:RBRK) had its price objective trimmed by Truist Financial from $110.00 to $80.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Robert W. Baird lifted their target price on Rubrik from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Oppenheimer started coverage on Rubrik in a research note on Monday, November 17th. They issued a “market perform” rating on the stock. Cantor Fitzgerald reduced their price objective on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. BMO Capital Markets decreased their target price on shares of Rubrik from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Finally, Wedbush restated an “outperform” rating and set a $120.00 price target on shares of Rubrik in a report on Friday, December 5th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $106.94.

Rubrik Trading Down 2.0%

Shares of Rubrik stock opened at $53.44 on Tuesday. Rubrik has a 52 week low of $47.35 and a 52 week high of $103.00. The stock has a market cap of $10.70 billion, a PE ratio of -27.41 and a beta of 0.31. The company’s 50-day moving average price is $68.20 and its two-hundred day moving average price is $75.89.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million for the quarter, compared to the consensus estimate of $320.19 million. The company’s quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, equities analysts predict that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Activity at Rubrik

In related news, CTO Arvind Nithrakashyap sold 4,648 shares of Rubrik stock in a transaction on Thursday, January 15th. The stock was 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 of the company’s stock, valued at approximately $23,725,504. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Wendell Thompson sold 2,500 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $55.30, for a total value of $138,250.00. Following the completion of the transaction, the director directly owned 25,998 shares in the company, valued at approximately $1,437,689.40. The trade was a 8.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 236,887 shares of company stock worth $18,193,405. Corporate insiders own 32.38% of the company’s stock.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently added to or reduced their stakes in the stock. Caisse de depot et placement du Quebec bought a new position in shares of Rubrik in the fourth quarter worth about $1,935,000. Schonfeld Strategic Advisors LLC acquired a new stake in Rubrik in the 4th quarter valued at approximately $45,304,000. Bienville Capital Management LLC increased its position in Rubrik by 173.5% in the 4th quarter. Bienville Capital Management LLC now owns 289,874 shares of the company’s stock worth $22,170,000 after buying an additional 183,874 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Rubrik by 490.1% during the fourth quarter. Cetera Investment Advisers now owns 63,705 shares of the company’s stock worth $4,872,000 after buying an additional 52,910 shares during the last quarter. Finally, Jain Global LLC lifted its holdings in shares of Rubrik by 12.9% during the fourth quarter. Jain Global LLC now owns 152,804 shares of the company’s stock worth $11,686,000 after buying an additional 17,495 shares during 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).