The Goldman Sachs Group Cuts Rubrik (NYSE:RBRK) Price Target to $80.00

Rubrik (NYSE:RBRK) had its target price dropped by stock analysts at The Goldman Sachs Group from $120.00 to $80.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 49.92% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. KeyCorp lowered their price target on Rubrik from $113.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 12th. BMO Capital Markets reduced their price objective on Rubrik from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research report on Monday, December 29th. Finally, Oppenheimer started coverage on Rubrik in a research note on Monday, November 17th. They issued a “market perform” rating for the company. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.39.

Rubrik Trading Up 4.5%

Shares of RBRK traded up $2.29 during mid-day trading on Monday, reaching $53.36. The company had a trading volume of 2,043,457 shares, compared to its average volume of 4,175,282. Rubrik has a fifty-two week low of $47.35 and a fifty-two week high of $103.00. The firm has a fifty day simple moving average of $71.53 and a 200-day simple moving average of $77.61. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of -27.33 and a beta of 0.33.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. The firm had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. The company’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same period last year, the business posted ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. As a group, equities analysts predict that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $90.83, for a total transaction of $908,300.00. Following the completion of the sale, the insider owned 339,319 shares in the company, valued at $30,820,344.77. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $73.84, for a total value of $812,240.00. Following the sale, the director owned 2,702 shares in the company, valued at $199,515.68. This represents a 80.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 240,387 shares of company stock valued at $18,436,515 in the last three months. 32.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RBRK. Vanguard Group Inc. raised its position in shares of Rubrik by 73.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock worth $1,077,106,000 after purchasing an additional 5,077,513 shares during the period. Norges Bank bought a new position in Rubrik during the 2nd quarter worth $219,132,000. First Trust Advisors LP grew its stake in Rubrik by 44.8% during the 2nd quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock worth $399,814,000 after buying an additional 1,380,941 shares during the last quarter. Acadian Asset Management LLC increased its position in Rubrik by 388.7% in the second quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock worth $139,309,000 after buying an additional 1,237,014 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Rubrik by 101.8% in the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after buying an additional 1,229,476 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

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).