Rubrik (NYSE:RBRK) Price Target Lowered to $70.00 at Barclays

Rubrik (NYSE:RBRK) had its target price decreased by Barclays from $100.00 to $70.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other brokerages have also issued reports on RBRK. KeyCorp lowered their price target on Rubrik from $95.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 17th. Cantor Fitzgerald decreased their price objective on Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. The Goldman Sachs Group lowered their price objective on Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Finally, Citigroup reiterated a “buy” rating on shares of Rubrik in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and an average target price of $102.11.

Rubrik Stock Up 0.6%

Shares of RBRK stock opened at $53.99 on Tuesday. Rubrik has a 12 month low of $46.36 and a 12 month high of $103.00. The firm has a market cap of $10.81 billion, a PE ratio of -27.69 and a beta of 0.45. The stock has a 50 day moving average of $62.61 and a 200-day moving average of $73.36.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data 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 company had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. During the same quarter in the previous year, the business posted ($0.21) EPS. The company’s revenue was up 48.3% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. As a group, equities analysts predict that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other news, Director Ravi Mhatre sold 101,659 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $81.82, for a total value of $8,317,739.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $73.84, for a total value of $812,240.00. Following the sale, the director owned 2,702 shares in the company, valued at approximately $199,515.68. This trade represents a 80.28% 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 261,378 shares of company stock valued at $19,381,131. 32.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rubrik

Several institutional investors have recently bought and sold shares of RBRK. Strs Ohio boosted its stake in shares of Rubrik by 90.8% in the third quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after buying an additional 29,649 shares during the period. WCM Investment Management LLC bought a new position in Rubrik during the 3rd quarter worth $4,717,000. TD Waterhouse Canada Inc. raised its holdings in Rubrik by 471.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock valued at $4,181,000 after acquiring an additional 41,756 shares in the last quarter. Truist Financial Corp raised its holdings in Rubrik by 1,228.3% in the 3rd quarter. Truist Financial Corp now owns 40,752 shares of the company’s stock valued at $3,352,000 after acquiring an additional 37,684 shares in the last quarter. Finally, Slow Capital Inc. bought a new stake in shares of Rubrik during the 3rd quarter valued at $3,341,000. 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).