Rubrik (NYSE:RBRK) Trading 3.3% Higher – Should You Buy?

Shares of Rubrik, Inc. (NYSE:RBRK) shot up 3.3% during mid-day trading on Thursday . The company traded as high as $92.92 and last traded at $91.7360. Approximately 240,245 shares were traded during trading, a decline of 94% from the average session volume of 3,736,140 shares. The stock had previously closed at $88.82.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Mizuho increased their price objective on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Telsey Advisory Group set a $120.00 price objective on shares of Rubrik in a research note on Friday, August 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $120.00 target price on shares of Rubrik in a research report on Friday, August 28th. Wedbush reiterated an “outperform” rating and issued a $90.00 target price on shares of Rubrik in a research report on Thursday, June 11th. Finally, KeyCorp lifted their target price on shares of Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and an average target price of $112.15.

Rubrik Stock Performance

The company has a market cap of $18.66 billion, a price-to-earnings ratio of -71.98 and a beta of 1.24. The company’s 50 day moving average price is $87.50 and its 200 day moving average price is $69.59.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analyst estimates 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 last year, the firm 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 research analysts forecast that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Rubrik news, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the sale, the director directly owned 125,351 shares in the company, valued at $10,416,668.10. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Thompson sold 11,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $74.10, for a total transaction of $815,100.00. Following the completion of the sale, the director directly owned 8,362 shares in the company, valued at approximately $619,624.20. The trade was a 56.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 112,577 shares of company stock worth $9,376,785 over the last 90 days. Corporate insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its position in Rubrik by 8,477.0% in the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock valued at $1,186,676,000 after acquiring an additional 14,609,375 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the last quarter. Norges Bank bought a new stake in shares of Rubrik during the fourth quarter valued at approximately $345,907,000. Pictet Asset Management Holding SA increased its holdings in shares of Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Rubrik by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock valued at $193,433,000 after purchasing an additional 178,714 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.