Rubrik (NYSE:RBRK – Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.470-0.530 for the period, compared to the consensus estimate of 0.030. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion. Rubrik also updated its Q3 2027 guidance to 0.070-0.090 EPS.
Analysts Set New Price Targets
Several research firms have recently commented on RBRK. Cantor Fitzgerald restated an “overweight” rating and set a $120.00 price target on shares of Rubrik in a research report on Friday. Scotiabank reissued an “outperform” rating on shares of Rubrik in a research note on Tuesday. Robert W. Baird upped their target price on shares of Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Truist Financial lifted their price target on Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.96.
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 analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter last 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, analysts forecast that Rubrik will post -1.13 earnings per share for the current fiscal year.
Insider Activity at Rubrik
In other news, CTO Arvind Nithrakashyap sold 199,447 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the transaction, the chief technology officer owned 314,048 shares in the company, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00. Following the completion of the transaction, the chief financial officer directly owned 978,073 shares in the company, valued at $96,164,137.36. This represents a 1.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 324,844 shares of company stock valued at $27,172,526 over the last 90 days. 13.66% of the stock is currently owned by corporate insiders.
Rubrik News Roundup
Here are the key news stories impacting Rubrik this week:
- Positive Sentiment: Strong earnings beat and raised outlook: Rubrik reported fiscal Q2 EPS of $0.20 versus the $0.04 consensus and revenue of $427.3 million versus expectations of $396.3 million. Revenue increased 43.9% year over year. Management guided fiscal 2027 revenue to approximately $1.7 billion and EPS to $0.47–$0.53, well above consensus estimates. Rubrik Q2 earnings report
- Positive Sentiment: Analyst targets moved higher: BMO Capital Markets, Barclays, and DA Davidson raised their price targets to $115, while KeyCorp raised its target to $120 and BTIG lifted its target to $125. The firms maintained bullish ratings, supporting the view that the post-earnings pullback may offer an entry opportunity. DA Davidson analyst report
- Positive Sentiment: AI security opportunity: Rubrik is emphasizing the growing threat from autonomous AI agents and positioning its data-security platform to address that risk, potentially expanding demand as businesses adopt AI. Rubrik AI threats article
- Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine members. The appointment may add strategic expertise but has limited immediate earnings impact. Rubrik board appointment
- Negative Sentiment: Margin concerns overshadowed the beat: Coverage indicates that gross-margin slippage and the stock’s elevated valuation prompted investors to lock in gains after the earnings release. Shares had climbed to roughly $107.7 before retreating, suggesting expectations were already very high. Rubrik gross margin article
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Triumph Capital Management acquired a new position in shares of Rubrik in the 4th quarter worth $33,000. Banque Cantonale Vaudoise acquired a new position in shares of Rubrik in the 3rd quarter valued at $34,000. Los Angeles Capital Management LLC acquired a new position in shares of Rubrik in the 4th quarter valued at $35,000. Comerica Bank increased its stake in Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares in the last quarter. Finally, Advocate Investing Services LLC acquired a new stake in Rubrik during the 4th quarter worth about $38,000. Institutional investors own 49.54% of the company’s stock.
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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