Rubrik (NYSE:RBRK – Get Free Report) had its price target increased by stock analysts at Barclays from $110.00 to $115.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 21.42% from the stock’s previous close.
RBRK has been the subject of several other reports. Scotiabank restated an “outperform” rating on shares of Rubrik in a research report on Tuesday. Piper Sandler lifted their target price on Rubrik from $91.00 to $114.00 and gave the company an “overweight” rating in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating on shares of Rubrik in a research note on Wednesday, August 19th. Stephens reissued an “overweight” rating on shares of Rubrik in a report on Friday. Finally, Wolfe Research restated an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a research note on Friday. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.65.
View Our Latest Stock Analysis on RBRK
Rubrik Price Performance
Rubrik (NYSE:RBRK – Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, equities research analysts predict that Rubrik will post -1.13 earnings per share for the current year.
Insider Buying and Selling at Rubrik
In other news, Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00. Following the sale, the director directly owned 3,917 shares of the company’s stock, valued at approximately $293,775. This trade represents a 15.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Rubrik stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $83.10, for a total value of $330,654.90. Following the sale, the director directly owned 125,351 shares in the company, valued at $10,416,668.10. The trade was a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 324,844 shares of company stock worth $27,172,526 over the last three months. 13.66% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in Rubrik by 8,477.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock worth $1,186,676,000 after buying an additional 14,609,375 shares during the period. Vanguard Group Inc. increased its position in Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after acquiring an additional 1,678,255 shares during the period. First Trust Advisors LP increased its position in Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after acquiring an additional 2,116,272 shares during the period. Norges Bank bought a new position in shares of Rubrik during the fourth quarter valued at $345,907,000. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.
Rubrik News Roundup
Here are the key news stories impacting Rubrik this week:
- Positive Sentiment: Strong earnings beat: Rubrik reported adjusted EPS of $0.20, well above the $0.04 consensus and the prior-year loss of $0.03. Revenue rose 43.9% year over year to $427.26 million, exceeding estimates of $396.30 million. Rubrik Beats Q2 Earnings and Revenue Estimates
- Positive Sentiment: Raised outlook exceeded expectations: Management issued third-quarter EPS guidance of $0.07–$0.09 and revenue guidance of $429 million–$431 million, above consensus estimates. Full-year fiscal 2027 EPS guidance of $0.47–$0.53 and revenue guidance of approximately $1.7 billion also exceeded Wall Street forecasts. Rubrik Tumbles Despite Strong Q2 Results and Guidance
- Positive Sentiment: Analysts raised targets: BTIG increased its target from $109 to $125 and maintained a Buy rating. KeyCorp raised its target from $112 to $120 with an Overweight rating, while BMO lifted its target from $98 to $115 and assigned an Outperform rating. Cantor Fitzgerald reaffirmed Overweight with a $120 target. Analyst Ratings and Price Targets
- Positive Sentiment: Profitability arrived earlier than expected: Coverage highlighted Rubrik’s EPS beat and improving profitability, reinforcing investor optimism around subscription growth, recurring revenue and AI-driven demand. Rubrik Q2 2027 Earnings
- Neutral Sentiment: Rubrik appointed Rakefet Russak-Aminoach to its board, expanding the board to nine members. The appointment adds experienced financial and technology leadership but is not expected to materially change near-term results. Rubrik Appoints New Director
- Negative Sentiment: The stock initially fell after the report despite the beat and raised guidance, suggesting that investors had already priced in strong execution or were concerned about valuation and high expectations. Analysts and investors are continuing to examine the earnings-call details and subscription metrics. Rubrik Stock Is Falling After Earnings
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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