Rubrik (NYSE:RBRK – Get Free Report) had its target price lifted by investment analysts at KeyCorp from $112.00 to $120.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 11.97% from the stock’s current price.
Other analysts have also issued reports about the stock. BMO Capital Markets raised their price target on shares of Rubrik from $87.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Rosenblatt Securities increased their target price on shares of Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $90.00 target price on shares of Rubrik in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Rubrik in a report on Wednesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.92.
Get Our Latest Stock Analysis on Rubrik
Rubrik Stock Up 11.5%
Rubrik (NYSE:RBRK – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Sell-side analysts expect that Rubrik will post -1.13 earnings per share for the current fiscal year.
Insider Activity at Rubrik
In related news, Director John Wendell Thompson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $74.11, for a total transaction of $185,275.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at $741,100. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a filing 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, CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total value of $1,073,162.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $24,551,557.03. This represents a 4.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 324,844 shares of company stock valued at $27,172,526. Corporate insiders own 13.66% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Essential Partners LLC boosted its stake in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Rubrik by 100.0% during the 4th 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. Triumph Capital Management bought a new position in Rubrik during the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise bought a new position in Rubrik during the 3rd quarter valued at about $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in Rubrik in the fourth quarter valued at about $35,000. 49.54% of the stock is owned by institutional investors.
Rubrik News Roundup
Here are the key news stories impacting Rubrik this week:
- Positive Sentiment: Results significantly exceeded expectations. Rubrik reported adjusted EPS of $0.20 versus the $0.04 analyst consensus, while revenue rose 43.9% year over year to $427.26 million, ahead of the $396.30 million estimate. The quarter also marked an improvement from a $0.03 per-share loss a year earlier. Rubrik Reports Second Quarter Fiscal Year 2027 Financial Results
- Positive Sentiment: Management issued guidance well above Wall Street forecasts. Fiscal 2027 EPS guidance is $0.47–$0.53 versus consensus of $0.03, with revenue guidance of approximately $1.7 billion versus $1.6 billion expected. Third-quarter EPS guidance of $0.07–$0.09 and revenue guidance of $429–$431 million also exceed consensus estimates. Rubrik Beats Q2 Earnings and Revenue Estimates
- Positive Sentiment: Analyst sentiment remains supportive. Rosenblatt Securities raised its price target from $95 to $105 and maintained a Buy rating, while reports also cited bullish expectations from Scotiabank. Rosenblatt Raises Rubrik Price Target
- Neutral Sentiment: Rubrik expanded its board from eight to nine directors by appointing Rakefet Russak-Aminoach. The addition may strengthen the company’s strategic and technology oversight but is unlikely to materially affect near-term results. Rubrik Appoints Rakefet Russak-Aminoach
- Negative Sentiment: The stock’s reaction has been volatile despite the strong report. Some coverage described a decline after earnings, suggesting investors may have been taking profits or demanding an even stronger outlook. With RBRK near its 52-week high and trading at a substantial growth-stock valuation, expectations are elevated and further gains may require continued execution. Rubrik Tumbles Despite Strong Q2 Results and Guidance
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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