Rubrik, Inc. (NYSE:RBRK) Stock Has Average Target Price of $118.04

by · The Cerbat Gem

Rubrik, Inc. (NYSE:RBRK – Get Free Report) has been given an average rating of “Moderate Buy” by the thirty-one research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and thirty have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $118.04.

RBRK has been the topic of a number of analyst reports. KeyCorp boosted their price objective on shares of Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Wolfe Research reissued an “outperform” rating and issued a $120.00 target price on shares of Rubrik in a research note on Friday, August 28th. Yorkville Ives initiated coverage on shares of Rubrik in a report on Tuesday, October 6th. They issued an “outperform” rating and a $145.00 target price for the company. Loop Capital assumed coverage on shares of Rubrik in a research note on Monday, August 3rd. They set a “buy” rating and a $100.00 price target for the company. Finally, Telsey Advisory Group set a $120.00 price target on shares of Rubrik in a report on Friday, August 28th.

Read Our Latest Research Report on Rubrik

Rubrik Stock Performance

NYSE RBRK opened at $105.78 on Friday. The company has a market cap of $21.93 billion, a P/E ratio of -83.95 and a beta of 1.08. The business’s 50 day moving average price is $111.82 and its 200-day moving average price is $77.87. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $139.92.

Rubrik (NYSE:RBRK – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. The business’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.03) EPS. 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 analysts predict that Rubrik will post -1.19 EPS for the current year.

Insiders Place Their Bets

In other Rubrik news, 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 sale, the director owned 2,988 shares of the company’s stock, valued at $348,430.68. This trade represents a 19.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $118.08, for a total value 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 trade represents a 4.49% 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 valued at $15,125,212 over the last 90 days. Insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently modified their holdings of RBRK. SBI Securities Co. Ltd. increased its stake in Rubrik by 2.4% in the third quarter. SBI Securities Co. Ltd. now owns 5,457 shares of the company’s stock worth $625,000 after purchasing an additional 128 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Rubrik during the third quarter worth $27,000. Motley Fool Asset Management LLC lifted its position in shares of Rubrik by 8.3% during the third quarter. Motley Fool Asset Management LLC now owns 3,218 shares of the company’s stock worth $368,000 after purchasing an additional 246 shares during the last quarter. Essential Partners LLC boosted its stake in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Rubrik by 54.6% during the second quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock valued at $74,000 after purchasing an additional 327 shares during the period. 49.54% of the stock is owned by institutional investors.

About Rubrik

(Get Free Report)

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.

Founded in 2014, Rubrik serves organizations in multiple industries and geographies.

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