Rubrik (NYSE:RBRK) Issues Q1 Earnings Guidance

Rubrik (NYSE:RBRK) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $(0.33)-$(0.31) for the period, compared to the consensus EPS estimate of ($0.40). The company issued revenue guidance of $259-$261 million, compared to the consensus revenue estimate of $242.43 million. Rubrik also updated its FY 2026 guidance to -1.230–1.130 EPS.

Analyst Ratings Changes

Several analysts recently weighed in on RBRK shares. Guggenheim restated a “buy” rating and issued a $76.00 price objective on shares of Rubrik in a report on Wednesday, February 26th. Barclays raised their target price on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Citigroup upped their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Truist Financial lifted their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $66.72.

Rubrik Trading Down 3.4 %

Shares of Rubrik stock traded down $1.92 on Thursday, reaching $55.19. 2,475,331 shares of the stock were exchanged, compared to its average volume of 2,038,486. The business has a 50 day moving average price of $68.42 and a two-hundred day moving average price of $53.26. Rubrik has a twelve month low of $28.34 and a twelve month high of $80.00.

Insiders Place Their Bets

In other news, CTO Arvind Nithrakashyap sold 32,484 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $61.59, for a total value of $2,000,689.56. Following the sale, the chief technology officer now owns 219,279 shares in the company, valued at $13,505,393.61. This represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.15, for a total transaction of $1,578,750.00. Following the transaction, the executive now owns 356,043 shares of the company’s stock, valued at $22,484,115.45. This represents a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 625,712 shares of company stock valued at $41,583,311.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.