Rubrik (NYSE:RBRK) Releases FY 2027 Earnings Guidance

Rubrik (NYSE:RBRK) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.250-0.350 for the period, compared to the consensus estimate of -0.150. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. Rubrik also updated its Q2 2027 guidance to 0.030-0.050 EPS.

Wall Street Analyst Weigh In

Several research firms have weighed in on RBRK. Oppenheimer upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a report on Wednesday, May 20th. The Goldman Sachs Group cut their target price on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Wedbush dropped their price objective on shares of Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $110.00 price objective on shares of Rubrik in a report on Monday, March 16th. Finally, Wolfe Research began coverage on shares of Rubrik in a report on Friday, May 1st. They set an “outperform” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.12.

Rubrik Stock Down 3.1%

Shares of NYSE:RBRK traded down $2.44 during midday trading on Thursday, reaching $77.02. 6,289,200 shares of the company were exchanged, compared to its average volume of 3,874,443. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $103.00. The stock has a fifty day simple moving average of $57.70 and a two-hundred day simple moving average of $62.50. The firm has a market cap of $15.58 billion, a PE ratio of -43.52 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. The company’s revenue was up 46.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, analysts forecast that Rubrik will post -1.45 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Yvonne Wassenaar sold 2,838 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $75.00, for a total value of $212,850.00. Following the completion of the transaction, the director owned 2,326 shares of the company’s stock, valued at approximately $174,450. This trade represents a 54.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the transaction, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 398,939 shares of company stock valued at $27,628,167 in the last quarter. Company insiders own 13.66% of the company’s stock.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Negative Sentiment: CTO Arvind Nithrakashyap disclosed two large share sales totaling more than 212,000 shares in early June, which can weigh on sentiment even though both trades were made under a pre-arranged 10b5-1 plan. SEC filing for Arvind Nithrakashyap sale
• Negative Sentiment: Director John Wendell Thompson also sold shares, adding to the perception that insiders may be taking profits after Rubrik’s strong run. SEC filing for John Wendell Thompson sale
• Negative Sentiment: Director Yvonne Wassenaar disclosed another sale, reinforcing the near-term insider-selling overhang on RBRK. SEC filing for Yvonne Wassenaar sale

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RBRK. NewEdge Advisors LLC raised its stake in Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after purchasing an additional 150 shares in the last quarter. Creative Planning raised its stake in Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after purchasing an additional 236 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Rubrik by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,113 shares of the company’s stock worth $2,429,000 after purchasing an additional 305 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in Rubrik by 103.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 666 shares of the company’s stock worth $55,000 after purchasing an additional 338 shares in the last quarter. Finally, Comerica Bank raised its stake in Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares in the last quarter. Institutional investors 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).