Rubrik (NYSE:RBRK) Price Target Cut to $80.00 by Analysts at Truist Financial

Rubrik (NYSE:RBRK) had its price target cut by research analysts at Truist Financial from $110.00 to $80.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 50.09% from the company’s previous close.

A number of other brokerages have also weighed in on RBRK. Mizuho lowered their price objective on Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday. Guggenheim set a $110.00 price target on Rubrik in a research note on Friday, December 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research report on Monday, December 29th. William Blair raised shares of Rubrik from a “market perform” rating to an “outperform” rating in a research note on Friday, December 5th. Finally, Roth Mkm reiterated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $106.94.

Rubrik Stock Down 2.3%

Shares of NYSE RBRK traded down $1.25 during mid-day trading on Tuesday, hitting $53.30. 895,634 shares of the company were exchanged, compared to its average volume of 4,030,939. The stock has a 50 day simple moving average of $68.96 and a 200-day simple moving average of $76.13. Rubrik has a 1-year low of $47.35 and a 1-year high of $103.00. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of -27.31 and a beta of 0.33.

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

Insider Activity at Rubrik

In other news, Director Ravi Mhatre sold 101,659 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $81.82, for a total transaction of $8,317,739.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $67.66, for a total value of $1,353,200.00. Following the completion of the sale, the chief financial officer directly owned 489,959 shares in the company, valued at approximately $33,150,625.94. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 240,387 shares of company stock worth $18,436,515. Company insiders own 32.38% of the company’s stock.

Hedge Funds Weigh In On Rubrik

A number of large investors have recently bought and sold shares of RBRK. Allworth Financial LP grew its stake in shares of Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after buying an additional 268 shares during the period. Bogart Wealth LLC grew its position in Rubrik by 352.2% during the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after acquiring an additional 243 shares during the period. EverSource Wealth Advisors LLC increased its stake in Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares during the last quarter. Financial Life Planners purchased a new position in shares of Rubrik in the 3rd quarter worth about $31,000. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in 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 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).