Rubrik (NYSE:RBRK) Price Target Raised to $115.00

Rubrik (NYSE:RBRK) had its target price boosted by BMO Capital Markets from $98.00 to $115.00 in a report issued on Friday, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently commented on RBRK. Loop Capital began coverage on shares of Rubrik in a report on Monday, August 3rd. They set a “buy” rating and a $100.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Wells Fargo & Company boosted their price objective on shares of Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Rosenblatt Securities upped their price objective on Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Finally, Oppenheimer set a $120.00 target price on Rubrik in a research note on Thursday, August 20th. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $111.96.

Rubrik Price Performance

Shares of Rubrik stock opened at $93.17 on Friday. Rubrik has a 1 year low of $42.25 and a 1 year high of $107.91. The firm’s 50-day moving average is $84.94 and its 200 day moving average is $67.52. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of -73.94 and a beta of 1.17.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. The firm’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, equities analysts expect that Rubrik will post -1.13 EPS for the current fiscal year.

Insider Activity at Rubrik

In other news, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $71.49, for a total value of $284,458.71. Following the completion of the sale, the director directly owned 113,477 shares in the company, valued at $8,112,470.73. The trade was a 3.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Wendell Thompson sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total transaction of $909,150.00. Following the transaction, the director directly owned 8,362 shares of the company’s stock, valued at $691,119.30. The trade was a 56.81% decrease in their ownership of the stock. 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 a total of 111,897 shares of company stock worth $9,221,808 over the last quarter. 13.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBRK. Comerica Bank grew its position 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 during the period. Royal Bank of Canada raised its stake in Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after buying an additional 20,471 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after buying an additional 300 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after buying an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

More Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Strong earnings beat and raised outlook: Rubrik reported fiscal Q2 EPS of $0.20 versus the $0.04 consensus and revenue of $427.3 million versus expectations of $396.3 million. Revenue increased 43.9% year over year. Management guided fiscal 2027 revenue to approximately $1.7 billion and EPS to $0.47–$0.53, well above consensus estimates. Rubrik Q2 earnings report
• Positive Sentiment: Analyst targets moved higher: BMO Capital Markets, Barclays, and DA Davidson raised their price targets to $115, while KeyCorp raised its target to $120 and BTIG lifted its target to $125. The firms maintained bullish ratings, supporting the view that the post-earnings pullback may offer an entry opportunity. DA Davidson analyst report
• Positive Sentiment: AI security opportunity: Rubrik is emphasizing the growing threat from autonomous AI agents and positioning its data-security platform to address that risk, potentially expanding demand as businesses adopt AI. Rubrik AI threats article
• Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine members. The appointment may add strategic expertise but has limited immediate earnings impact. Rubrik board appointment
• Negative Sentiment: Margin concerns overshadowed the beat: Coverage indicates that gross-margin slippage and the stock’s elevated valuation prompted investors to lock in gains after the earnings release. Shares had climbed to roughly $107.7 before retreating, suggesting expectations were already very high. Rubrik gross margin article

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).