Rubrik (NYSE:RBRK – Get Free Report) had its target price lifted by equities research analysts at Truist Financial from $90.00 to $135.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 37.98% from the company’s current price.
RBRK has been the subject of several other research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Rubrik in a report on Monday, June 15th. Scotiabank reiterated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, UBS Group reissued a “buy” rating and set a $106.00 price objective on shares of Rubrik in a report on Wednesday. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.44.
Get Our Latest Research Report on RBRK
Rubrik Price Performance
Rubrik (NYSE:RBRK – Get Free Report) last announced its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter last year, the business earned ($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. As a group, equities research analysts anticipate that Rubrik will post -1.16 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $83.10, for a total transaction of $330,654.90. Following the completion of the transaction, the director directly owned 125,351 shares in the company, valued at approximately $10,416,668.10. The trade was a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Wendell Thompson sold 2,500 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $74.11, for a total value of $185,275.00. Following the completion of the sale, the director directly owned 10,000 shares of the company’s stock, valued at approximately $741,100. This trade represents a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 317,682 shares of company stock valued at $26,402,176 in the last three months. 13.66% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Rubrik
Hedge funds have recently bought and sold shares of the company. Atlantic Union Bankshares Corp boosted its position in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Rubrik during the third quarter worth about $34,000. Triumph Capital Management acquired a new position in Rubrik in the fourth quarter valued at about $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Rubrik in the fourth quarter worth about $35,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of Rubrik during the fourth quarter worth about $38,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.
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).
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