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

Rubrik (NYSE:RBRK) had its price target lowered by Mizuho from $97.00 to $80.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

RBRK has been the subject of several other research reports. Rosenblatt Securities lifted their price target 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Piper Sandler lowered their target price on shares of Rubrik from $118.00 to $99.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Finally, UBS Group reissued a “buy” rating on shares of Rubrik in a report on Friday, December 5th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.94.

Rubrik Price Performance

Shares of Rubrik stock opened at $53.44 on Tuesday. The business has a 50-day simple moving average of $68.20 and a 200 day simple moving average of $75.89. Rubrik has a one year low of $47.35 and a one year 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 announced its quarterly earnings results on Thursday, December 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. The firm had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. The firm’s revenue was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) EPS. 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, sell-side analysts expect that Rubrik will post -7.66 EPS for the current year.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $67.66, for a total value of $1,353,200.00. Following the transaction, the chief financial officer owned 489,959 shares in the company, valued at $33,150,625.94. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $70.88, for a total value of $708,800.00. Following the completion of the transaction, the insider directly owned 330,772 shares of the company’s stock, valued at approximately $23,445,119.36. This represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have 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 hedge funds have recently made changes to their positions in the business. Allworth Financial LP grew its position in Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after buying an additional 268 shares during the period. Bogart Wealth LLC raised its position in Rubrik by 352.2% in the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after acquiring an additional 243 shares during the period. EverSource Wealth Advisors LLC boosted its stake 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 during the last quarter. Financial Life Planners bought a new position in shares of Rubrik during the 3rd quarter valued at approximately $31,000. Finally, Atlantic Union Bankshares Corp grew 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 valued at $31,000 after acquiring an additional 200 shares during the period. 49.54% of the stock is currently owned by institutional investors.

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).