Rubrik (NYSE:RBRK) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Rubrik (NYSE:RBRK) had its price objective boosted by stock analysts at Rosenblatt Securities from $110.00 to $115.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price target indicates a potential upside of 16.50% from the stock’s previous close.

Several other research firms have also recently weighed in on RBRK. Mizuho cut shares of Rubrik from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $86.00 in a report on Thursday, May 15th. Robert W. Baird boosted their target price on shares of Rubrik from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Guggenheim boosted their target price on shares of Rubrik from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Wall Street Zen cut shares of Rubrik from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, CIBC boosted their target price on shares of Rubrik from $110.00 to $125.00 and gave the company an “outperformer” rating in a research note on Monday, June 9th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and an average target price of $103.81.

Rubrik Trading Up 3.2%

RBRK opened at $98.71 on Wednesday. Rubrik has a 1-year low of $29.18 and a 1-year high of $103.00. The company has a market cap of $19.10 billion, a P/E ratio of -34.88 and a beta of 0.43. The company has a fifty day moving average price of $88.15 and a two-hundred day moving average price of $79.33.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Tuesday, September 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.15). The firm had revenue of $309.86 million for the quarter, compared to analysts’ expectations of $282.26 million. During the same period in the prior year, the company earned ($0.40) EPS. Rubrik’s revenue was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, research analysts forecast that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Activity

In related news, CRO Brian K. Mccarthy sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $87.84, for a total transaction of $1,098,000.00. Following the sale, the executive owned 406,052 shares of the company’s stock, valued at approximately $35,667,607.68. This represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $87.83, for a total transaction of $791,260.47. Following the sale, the director directly owned 998 shares in the company, valued at $87,654.34. This trade represents a 90.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 910,586 shares of company stock worth $82,305,628. Insiders own 32.38% of the company’s stock.

Institutional Trading of Rubrik

Several institutional investors have recently added to or reduced their stakes in RBRK. Dimensional Fund Advisors LP boosted its position in Rubrik by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 36,741 shares of the company’s stock valued at $2,401,000 after buying an additional 1,363 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Rubrik by 52.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 12,535 shares of the company’s stock worth $819,000 after purchasing an additional 4,303 shares during the period. Northern Trust Corp lifted its position in shares of Rubrik by 47.4% in the 4th quarter. Northern Trust Corp now owns 192,276 shares of the company’s stock worth $12,567,000 after purchasing an additional 61,857 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Rubrik by 14.0% in the 4th quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company’s stock worth $1,909,000 after purchasing an additional 3,593 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in shares of Rubrik in the 4th quarter worth about $59,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.