Rubrik (NYSE:RBRK – Free Report) had its target price raised by Robert W. Baird from $130.00 to $139.00 in a report published on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.
Several other research firms have also weighed in on RBRK. KeyCorp raised their price target on Rubrik from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. UBS Group reissued a “buy” rating and issued a $106.00 target price on shares of Rubrik in a research note on Wednesday, August 19th. Rosenblatt Securities raised their target price on shares of Rubrik from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Mizuho raised their target price on shares of Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a research note on Monday, August 31st. Twenty-eight 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.42.
View Our Latest Report on RBRK
Rubrik Price Performance
Rubrik (NYSE:RBRK – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. Rubrik’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, equities research analysts anticipate that Rubrik will post -1.19 earnings per share for the current fiscal year.
Insider Activity at Rubrik
In other Rubrik news, CFO Kiran Choudary sold 10,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.32, for a total value of $983,200.00. Following the transaction, the chief financial officer owned 978,073 shares of the company’s stock, valued at $96,164,137.36. This represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $84.58, for a total value of $1,084,315.60. Following the completion of the sale, the chief technology officer owned 303,611 shares in the company, valued at approximately $25,679,418.38. The trade was a 4.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 143,562 shares of company stock worth $12,419,653 in the last quarter. 13.66% of the stock is owned by company insiders.
Institutional Investors Weigh In On Rubrik
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBRK. Sequoia Financial Advisors LLC purchased a new stake in Rubrik in the 2nd quarter valued at about $317,000. Van Hulzen Asset Management LLC bought a new position in Rubrik in the 2nd quarter worth about $1,132,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Rubrik during the second quarter worth approximately $223,000. Integrated Wealth Concepts LLC increased its position in shares of Rubrik by 181.9% during the second quarter. Integrated Wealth Concepts LLC now owns 21,471 shares of the company’s stock worth $1,724,000 after acquiring an additional 13,854 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Rubrik by 3,699.4% during the second quarter. NewEdge Advisors LLC now owns 6,649 shares of the company’s stock valued at $534,000 after acquiring an additional 6,474 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.
Rubrik Company Profile
Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.
The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.
Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.
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