Rubrik (NYSE:RBRK) Price Target Cut to $80.00 by Analysts at KeyCorp

Rubrik (NYSE:RBRK) had its price target lowered by KeyCorp from $95.00 to $80.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the company. UBS Group reissued a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Mizuho reduced their target price on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Finally, Rosenblatt Securities upped their price objective on shares of Rubrik from $115.00 to $120.00 and gave the company a “buy” rating in a research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Rubrik presently has a consensus rating of “Moderate Buy” and an average target price of $106.94.

Rubrik Trading Down 2.0%

NYSE:RBRK opened at $53.44 on Tuesday. The firm’s fifty day simple moving average is $68.20 and its 200 day simple moving average is $75.89. Rubrik has a twelve month low of $47.35 and a twelve month high of $103.00. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of -27.41 and a beta of 0.31.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. During the same period last year, the business earned ($0.21) earnings per share. The company’s revenue for the quarter was up 48.3% compared to the same quarter last year. 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, analysts predict that Rubrik will post -7.66 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brian K. Mccarthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $70.88, for a total value of $708,800.00. Following the transaction, the insider directly owned 330,772 shares of the company’s stock, valued at approximately $23,445,119.36. This trade represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Arvind Nithrakashyap sold 4,648 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $70.40, for a total value of $327,219.20. Following the sale, the chief technology officer directly owned 337,010 shares of the company’s stock, valued at $23,725,504. The trade was a 1.36% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 236,887 shares of company stock worth $18,193,405. Insiders own 32.38% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after purchasing an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Rubrik by 100.0% during 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 during the period. CI Investments Inc. boosted its stake in Rubrik by 31.7% in the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock valued at $71,000 after buying an additional 207 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in 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 valued at $94,000 after buying an additional 224 shares in the last quarter. Finally, Creative Planning grew its position in Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after acquiring an additional 236 shares during the period. Institutional investors 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).