Rubrik (NYSE:RBRK – Get Free Report) had its price target increased by research analysts at Mizuho from $90.00 to $112.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 12.02% from the stock’s current price.
Several other analysts have also issued reports on the company. Jefferies Financial Group set a $90.00 target price on Rubrik in a research note on Friday, June 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. BTIG Research restated a “buy” rating and issued a $91.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Robert W. Baird boosted their price target on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. Finally, Guggenheim reiterated a “buy” rating on shares of Rubrik in a report on Friday, June 5th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.32.
Read Our Latest Research Report on RBRK
Rubrik Trading Down 0.6%
Rubrik (NYSE:RBRK – Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. Rubrik’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, analysts expect that Rubrik will post -1.16 earnings per share for the current year.
Insider Buying and Selling at Rubrik
In other news, CTO Arvind Nithrakashyap sold 199,447 shares of Rubrik stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16. Following the completion of the transaction, the chief technology officer owned 314,048 shares of the company’s stock, valued at $26,467,965.44. The trade was a 38.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the sale, the director directly owned 113,477 shares in the company, valued at $8,112,470.73. This trade represents a 3.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 317,682 shares of company stock worth $26,402,176. 13.66% of the stock is owned by insiders.
Hedge Funds Weigh In On Rubrik
Hedge funds have recently added to or reduced their stakes in the company. Comerica Bank raised its stake in Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after buying an additional 395 shares during the last quarter. Royal Bank of Canada boosted its stake in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after buying an additional 20,471 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after buying an additional 300 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after acquiring an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after acquiring an additional 2,000 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other 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).
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