Rubrik (NYSE:RBRK) Coverage Initiated by Analysts at Wolfe Research
by Doug Wharley · The Cerbat GemWolfe Research assumed coverage on shares of Rubrik (NYSE:RBRK – Free Report) in a report published on Friday morning, MarketBeat reports. The firm issued an outperform rating and a $70.00 target price on the stock.
RBRK has been the subject of several other reports. Rosenblatt Securities decreased their price objective on Rubrik from $120.00 to $95.00 and set a “buy” rating for the company in a report on Monday, March 9th. DA Davidson set a $70.00 price objective on Rubrik in a report on Friday, March 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $110.00 price objective on shares of Rubrik in a report on Monday, March 16th. KeyCorp reduced their price target on Rubrik from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Finally, Cantor Fitzgerald reduced their price target on Rubrik from $105.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.83.
Get Our Latest Analysis on RBRK
Rubrik Stock Up 3.6%
Shares of RBRK stock traded up $1.92 on Friday, hitting $55.10. The stock had a trading volume of 2,617,540 shares, compared to its average volume of 3,234,170. The business has a 50 day moving average price of $51.62 and a 200 day moving average price of $64.05. The company has a market cap of $11.14 billion, a PE ratio of -31.13 and a beta of 0.63. Rubrik has a one year low of $42.25 and a one year high of $103.00.
Rubrik (NYSE:RBRK – Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. The business’s revenue was up 46.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities research analysts expect that Rubrik will post -1.41 EPS for the current year.
Insider Transactions at Rubrik
In other news, CFO Kiran Kumar Choudary sold 122,613 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the transaction, the chief financial officer directly owned 564,901 shares of the company’s stock, valued at approximately $27,228,228.20. The trade was a 17.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Wendell Thompson sold 11,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $53.62, for a total value of $589,820.00. Following the transaction, the director owned 4,653 shares in the company, valued at approximately $249,493.86. This trade represents a 70.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 203,113 shares of company stock valued at $10,157,582. Corporate insiders own 32.38% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after buying an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. CI Investments Inc. grew its stake in Rubrik by 31.7% during the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after buying an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Rubrik by 24.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after buying an additional 224 shares during the last quarter. Finally, Creative Planning grew its stake in Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after buying an additional 236 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.
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).