Rubrik (NYSE:RBRK) Price Target Raised to $120.00 at Cantor Fitzgerald

Rubrik (NYSE:RBRKGet Free Report) had its price objective boosted by research analysts at Cantor Fitzgerald from $95.00 to $120.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 20.27% from the company’s current price.

Several other brokerages have also recently weighed in on RBRK. Barclays increased their price target on Rubrik from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup upped their target price on Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a report on Friday, June 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Piper Sandler restated an “overweight” rating and set a $91.00 price target (up from $84.00) on shares of Rubrik in a report on Friday, June 5th. Finally, Wolfe Research restated an “outperform” rating and issued a $95.00 price target on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.32.

View Our Latest Report on RBRK

Rubrik Stock Down 0.8%

Shares of Rubrik stock opened at $99.78 on Thursday. The stock has a market cap of $20.54 billion, a price-to-earnings ratio of -68.81 and a beta of 1.17. Rubrik has a twelve month low of $42.25 and a twelve month high of $106.50. The company’s fifty day moving average is $81.01 and its 200 day moving average is $65.29.

Rubrik (NYSE:RBRKGet Free Report) last announced its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.15) earnings per share. 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 analysts anticipate that Rubrik will post -1.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.00, for a total value of $54,075.00. Following the completion of the transaction, the director directly owned 3,917 shares in the company, valued at approximately $293,775. This trade represents a 15.55% decrease in their ownership of the stock. 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 three months, insiders have sold 317,682 shares of company stock valued at $26,402,176. Company insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RBRK. Essential Partners LLC grew its holdings in Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares during the period. Atlantic Union Bankshares Corp raised its holdings in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Triumph Capital Management bought a new position in shares of Rubrik during the 4th quarter worth about $33,000. Banque Cantonale Vaudoise bought a new position in shares of Rubrik during the 3rd quarter worth about $34,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Rubrik in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

(Get Free Report)

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).

Further Reading

Analyst Recommendations for Rubrik (NYSE:RBRK)

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