Rubrik (NYSE:RBRK) Stock Price Up 6.6% – Still a Buy?

Rubrik, Inc. (NYSE:RBRK)’s stock price traded up 6.6% during mid-day trading on Monday . The company traded as high as $94.66 and last traded at $95.9890. 341,332 shares traded hands during trading, a decline of 91% from the average daily volume of 3,726,902 shares. The stock had previously closed at $90.07.

Analysts Set New Price Targets

A number of brokerages have weighed in on RBRK. BMO Capital Markets boosted their price objective on Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Barclays upped their target price on shares of Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Piper Sandler restated an “overweight” rating and issued a $91.00 price target (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Finally, Loop Capital started coverage on Rubrik in a research report on Monday, August 3rd. They set a “buy” rating and a $100.00 price objective for the company. Twenty-nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.20.

Rubrik Price Performance

The firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of -67.50 and a beta of 1.17. The business’s 50 day moving average price is $77.24 and its 200-day moving average price is $63.26.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same quarter in the previous year, the business earned ($0.15) EPS. Rubrik’s revenue for the quarter was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total value of $54,075.00. Following the completion of the transaction, the director owned 3,917 shares in the company, valued at approximately $293,775. This represents a 15.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $74.11, for a total transaction of $185,275.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at $741,100. This represents a 20.00% 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 sold 317,682 shares of company stock valued at $26,402,176 over the last 90 days. 13.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RBRK. Norges Bank acquired a new position in shares of Rubrik during the 4th quarter worth $345,907,000. First Trust Advisors LP increased its stake 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 purchasing an additional 2,116,272 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Rubrik during the 3rd quarter valued at $97,828,000. 49.54% of the stock is 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).