BTIG Research Begins Coverage on Rubrik (NYSE:RBRK)

BTIG Research assumed coverage on shares of Rubrik (NYSE:RBRK) in a note issued to investors on Friday, Marketbeat reports. The brokerage set a “buy” rating and a $64.00 price target on the stock. BTIG Research’s price objective suggests a potential upside of 29.99% from the stock’s current price.

RBRK has been the subject of a number of other research reports. Mizuho dropped their price objective on Rubrik from $97.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Cantor Fitzgerald decreased their target price on Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. Robert W. Baird lowered their price target on Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. DA Davidson set a $70.00 price target on Rubrik in a research note on Friday, March 13th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Rubrik in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.10.

Rubrik Price Performance

Shares of RBRK stock opened at $49.24 on Friday. Rubrik has a one year low of $46.36 and a one year high of $103.00. The company’s fifty day moving average price is $56.90 and its 200-day moving average price is $70.42. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of -27.82 and a beta of 0.45.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. During the same period in the prior year, the company posted ($0.18) EPS. The company’s quarterly revenue was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities research analysts expect that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insider Transactions at Rubrik

In related news, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $54.17, for a total transaction of $1,083,400.00. Following the completion of the transaction, the chief financial officer directly owned 474,959 shares of the company’s stock, valued at approximately $25,728,529.03. This represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $53.62, for a total value of $589,820.00. Following the transaction, the director owned 4,653 shares of the company’s stock, valued at $249,493.86. This represents a 70.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 103,193 shares of company stock valued at $6,556,946. 32.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP increased its position in Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after purchasing an additional 268 shares during the last quarter. Bogart Wealth LLC lifted its position in Rubrik by 352.2% during the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares during the last quarter. Financial Life Planners purchased a new position in shares of Rubrik in the 3rd quarter worth $31,000. Finally, Atlantic Union Bankshares Corp grew its stake in shares of Rubrik by 100.0% in 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 in the last quarter. 49.54% of the stock is currently owned by institutional investors.

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).