Rubrik (NYSE:RBRK) Trading 1.6% Higher – Time to Buy?

Rubrik, Inc. (NYSE:RBRK)’s stock price was up 1.6% on Monday . The stock traded as high as $83.86 and last traded at $83.47. Approximately 2,699,300 shares were traded during trading, a decline of 18% from the average daily volume of 3,280,436 shares. The stock had previously closed at $82.15.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RBRK shares. KeyCorp increased their target price on Rubrik from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Guggenheim increased their target price on Rubrik from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, June 6th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research report on Friday, June 6th. Truist Financial raised their price objective on Rubrik from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Finally, Roth Capital raised their price objective on Rubrik from $97.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Sixteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $104.38.

Rubrik Trading Up 1.6%

The stock has a fifty day moving average price of $85.86 and a 200-day moving average price of $81.11. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of -35.67 and a beta of 0.44.

Rubrik (NYSE:RBRK) last issued its earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. During the same period in the previous year, the company posted ($0.40) earnings per share. The company’s quarterly revenue was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Kiran Kumar Choudary sold 3,500 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $74.82, for a total transaction of $261,870.00. Following the completion of the sale, the chief financial officer directly owned 514,684 shares of the company’s stock, valued at $38,508,656.88. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $2,981,015.70. Following the sale, the chief technology officer directly owned 333,528 shares of the company’s stock, valued at $24,751,112.88. This represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,466 shares of company stock valued at $12,454,523. Company insiders own 32.38% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP increased its stake in shares of Rubrik by 1,030.8% in the 2nd 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. ST Germain D J Co. Inc. acquired a new stake in shares of Rubrik in the 2nd quarter valued at $27,000. Beacon Capital Management LLC acquired a new stake in shares of Rubrik in the 2nd quarter valued at $29,000. PNC Financial Services Group Inc. acquired a new stake in shares of Rubrik in the 1st quarter valued at $30,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Rubrik in the 1st quarter valued at $31,000. 49.54% of the stock is owned by institutional investors and hedge funds.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.