Rubrik (NYSE:RBRK) Earns “Overweight” Rating from Cantor Fitzgerald

Rubrik (NYSE:RBRK)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a report issued on Friday,Benzinga reports. They currently have a $120.00 target price on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 11.97% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on RBRK. Guggenheim restated a “buy” rating on shares of Rubrik in a report on Monday. BMO Capital Markets lifted their price objective on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Loop Capital initiated coverage on shares of Rubrik in a research note on Monday, August 3rd. They set a “buy” rating and a $100.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Truist Financial lifted their price target on shares of Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.92.

Rubrik Stock Up 11.5%

RBRK stock opened at $107.17 on Friday. The firm has a market cap of $22.06 billion, a price-to-earnings ratio of -73.91 and a beta of 1.17. The company’s fifty day simple moving average is $84.48 and its 200 day simple moving average is $67.25. Rubrik has a 12-month low of $42.25 and a 12-month high of $107.91.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The business’s revenue was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Research analysts expect that Rubrik will post -1.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $84.55, for a total value of $930,050.00. Following the completion of the transaction, the director owned 4,653 shares in the company, valued at $393,411.15. This trade represents a 70.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the company’s stock in a transaction that occurred 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 sale, the chief technology officer owned 314,048 shares in the company, valued at $26,467,965.44. The trade was a 38.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 324,844 shares of company stock worth $27,172,526 over the last quarter. 13.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently made changes to their positions in the stock. Essential Partners LLC boosted its stake in Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in shares of Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Triumph Capital Management bought a new stake in Rubrik during the 4th quarter worth approximately $33,000. Banque Cantonale Vaudoise purchased a new stake in Rubrik in the 3rd quarter worth approximately $34,000. Finally, Los Angeles Capital Management LLC bought a new position in Rubrik in the 4th quarter valued at $35,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik News Roundup

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Results significantly exceeded expectations. Rubrik reported adjusted EPS of $0.20 versus the $0.04 analyst consensus, while revenue rose 43.9% year over year to $427.26 million, ahead of the $396.30 million estimate. The quarter also marked an improvement from a $0.03 per-share loss a year earlier. Rubrik Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management issued guidance well above Wall Street forecasts. Fiscal 2027 EPS guidance is $0.47–$0.53 versus consensus of $0.03, with revenue guidance of approximately $1.7 billion versus $1.6 billion expected. Third-quarter EPS guidance of $0.07–$0.09 and revenue guidance of $429–$431 million also exceed consensus estimates. Rubrik Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Analyst sentiment remains supportive. Rosenblatt Securities raised its price target from $95 to $105 and maintained a Buy rating, while reports also cited bullish expectations from Scotiabank. Rosenblatt Raises Rubrik Price Target
• Neutral Sentiment: Rubrik expanded its board from eight to nine directors by appointing Rakefet Russak-Aminoach. The addition may strengthen the company’s strategic and technology oversight but is unlikely to materially affect near-term results. Rubrik Appoints Rakefet Russak-Aminoach
• Negative Sentiment: The stock’s reaction has been volatile despite the strong report. Some coverage described a decline after earnings, suggesting investors may have been taking profits or demanding an even stronger outlook. With RBRK near its 52-week high and trading at a substantial growth-stock valuation, expectations are elevated and further gains may require continued execution. Rubrik Tumbles Despite Strong Q2 Results and Guidance

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).