Rubrik (NYSE:RBRK – Get Free Report) had its price objective upped by equities research analysts at Mizuho from $112.00 to $125.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho‘s price objective suggests a potential upside of 14.34% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Rosenblatt Securities boosted their price target on shares of Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Robert W. Baird raised their price objective on shares of Rubrik from $130.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a report on Tuesday, August 25th. DA Davidson lifted their target price on shares of Rubrik from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, Wolfe Research reissued an “outperform” rating and issued a $120.00 target price on shares of Rubrik in a report on Friday, August 28th. Thirty analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.50.
Get Our Latest Stock Analysis on Rubrik
Rubrik Price Performance
Shares of NYSE:RBRK opened at $109.32 on Thursday. The business’s fifty day moving average price is $112.92 and its two-hundred day moving average price is $78.55. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $139.92. The stock has a market capitalization of $22.66 billion, a price-to-earnings ratio of -86.76 and a beta of 1.08.
Rubrik (NYSE:RBRK – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. The firm’s revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($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. Research analysts expect that Rubrik will post -1.19 EPS for the current fiscal year.
Insider Transactions at Rubrik
In other news, CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $118.08, for a total transaction of $1,513,785.60. Following the transaction, the chief technology officer owned 272,538 shares of the company’s stock, valued at $32,181,287.04. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $116.61, for a total value of $84,075.81. Following the completion of the transaction, the director owned 2,988 shares in the company, valued at approximately $348,430.68. This represents a 19.44% 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 139,583 shares of company stock worth $15,125,212 over the last 90 days. 13.66% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in RBRK. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Rubrik in the 3rd quarter valued at about $999,000. Advisors Asset Management Inc. bought a new stake in shares of Rubrik during the third quarter worth approximately $7,276,000. Private Wealth Asset Management LLC bought a new stake in shares of Rubrik during the third quarter worth approximately $1,226,000. USS Investment Management Ltd bought a new stake in shares of Rubrik during the third quarter worth approximately $5,818,000. Finally, Focus Advisor Solutions LLC lifted its holdings in Rubrik by 131.9% in the third quarter. Focus Advisor Solutions LLC now owns 49,049 shares of the company’s stock valued at $5,615,000 after buying an additional 27,897 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.
About Rubrik
Rubrik, Inc. is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents. The company’s Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.
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