Rubrik (NYSE:RBRK) Sets New 12-Month High – Here’s Why

Rubrik, Inc. (NYSE:RBRK)’s stock price reached a new 52-week high on Thursday . The company traded as high as $108.97 and last traded at $107.4610, with a volume of 1443611 shares traded. The stock had previously closed at $104.98.

Wall Street Analyst Weigh In

Several brokerages recently commented on RBRK. Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a research note on Friday, June 5th. Truist Financial increased their target price on shares of Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. KeyCorp lifted their price target on shares of Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Mizuho boosted their price target on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Finally, Rosenblatt Securities upped their price target on Rubrik from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $113.31.

Rubrik Price Performance

The company has a market cap of $22.16 billion, a PE ratio of -84.82 and a beta of 1.24. The firm has a 50-day simple moving average of $88.68 and a two-hundred day simple moving average of $71.20.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The firm’s revenue was up 43.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Equities research analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current year.

Insider Activity

In other Rubrik news, CFO Kiran Choudary sold 10,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.32, for a total value of $983,200.00. Following the completion of the transaction, the chief financial officer directly owned 978,073 shares in the company, valued at approximately $96,164,137.36. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $89.52, for a total value of $64,543.92. Following the transaction, the director directly owned 3,709 shares in the company, valued at approximately $332,029.68. This represents a 16.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 138,217 shares of company stock valued at $11,706,692 over the last quarter. Insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Rubrik in the second quarter worth approximately $317,000. Van Hulzen Asset Management LLC acquired a new position in Rubrik during the second quarter worth approximately $1,132,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Rubrik during the second quarter worth approximately $223,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Rubrik by 181.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 21,471 shares of the company’s stock valued at $1,724,000 after purchasing an additional 13,854 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Rubrik by 3,699.4% in the 2nd quarter. NewEdge Advisors LLC now owns 6,649 shares of the company’s stock valued at $534,000 after purchasing an additional 6,474 shares during the last quarter. Hedge funds and other institutional investors 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.