Truist Financial Cuts Rubrik (NYSE:RBRK) Price Target to $80.00

Rubrik (NYSE:RBRK) had its price objective trimmed by Truist Financial from $110.00 to $80.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on RBRK. Oppenheimer began coverage on shares of Rubrik in a research report on Monday, November 17th. They set a “market perform” rating on the stock. KeyCorp lowered their price target on Rubrik from $95.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday. Mizuho dropped their price target on Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday. Piper Sandler decreased their price objective on Rubrik from $118.00 to $99.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Monday, December 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.94.

Rubrik Trading Down 0.5%

Shares of RBRK opened at $54.14 on Tuesday. The business’s 50-day moving average price is $66.83 and its 200 day moving average price is $75.59. The stock has a market capitalization of $10.84 billion, a P/E ratio of -27.77 and a beta of 0.31. Rubrik has a 1-year low of $47.35 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $350.17 million for the quarter, compared to analysts’ expectations of $320.19 million. Rubrik’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, research analysts predict that Rubrik will post -7.66 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ravi Mhatre sold 101,659 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $81.82, for a total value of $8,317,739.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Arvind Nithrakashyap sold 31,450 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $76.19, for a total transaction of $2,396,175.50. Following the transaction, the chief technology officer directly owned 342,703 shares in the company, valued at approximately $26,110,541.57. The trade was a 8.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 256,887 shares of company stock worth $19,276,805. Insiders own 32.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RBRK. Vanguard Group Inc. lifted its stake in shares of Rubrik by 73.1% in the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after purchasing an additional 5,077,513 shares during the last quarter. Norges Bank bought a new stake in shares of Rubrik during the 4th quarter worth $345,907,000. First Trust Advisors LP boosted its holdings in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after buying an additional 2,116,272 shares during the period. Acadian Asset Management LLC grew its stake in Rubrik by 388.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock valued at $139,309,000 after buying an additional 1,237,014 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Rubrik by 101.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after acquiring an additional 1,229,476 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

About Rubrik

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).