Rubrik (NYSE:RBRK) Given New $88.00 Price Target at Citigroup

Rubrik (NYSE:RBRK) had its price target reduced by stock analysts at Citigroup from $115.00 to $88.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 68.71% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Mizuho dropped their target price on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research report on Monday. DA Davidson set a $70.00 price objective on shares of Rubrik in a research note on Friday. Berenberg Bank began coverage on shares of Rubrik in a report on Tuesday, November 18th. They issued a “buy” rating and a $114.00 price objective for the company. Finally, Rosenblatt Securities decreased their target price on shares of Rubrik from $120.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.47.

Rubrik Stock Performance

Shares of NYSE:RBRK traded down $1.27 during trading on Monday, reaching $52.16. The stock had a trading volume of 2,812,361 shares, compared to its average volume of 3,958,450. The business has a fifty day moving average price of $59.14 and a 200-day moving average price of $71.65. The stock has a market cap of $10.44 billion, a PE ratio of -29.28 and a beta of 0.46. Rubrik has a 1-year low of $46.36 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million for the quarter, compared to analysts’ expectations of $342.43 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Sell-side analysts expect that Rubrik will post -7.66 earnings per share for the current year.

Insider Activity

In other news, Director John Wendell Thompson sold 11,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $73.84, for a total transaction of $812,240.00. Following the transaction, the director owned 2,702 shares of the company’s stock, valued at approximately $199,515.68. The trade was a 80.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $67.66, for a total transaction of $1,353,200.00. Following the sale, the chief financial officer owned 489,959 shares of the company’s stock, valued at $33,150,625.94. This represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 146,219 shares of company stock worth $9,834,982. 32.38% of the stock is owned by insiders.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after buying an additional 268 shares during the period. Bogart Wealth LLC lifted its holdings in shares of Rubrik by 352.2% in the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after acquiring an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares during the last quarter. Financial Life Planners purchased a new position in shares of Rubrik during the 3rd quarter worth approximately $31,000. Finally, Atlantic Union Bankshares Corp increased its holdings in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 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).