Rubrik (NYSE:RBRK) Stock Gets Price Target Increase from Wedbush

Rubrik (NYSE:RBRK) had its target price increased by Wedbush from $120.00 to $150.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Wedbush‘s price target indicates a potential upside of 12.98% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Yorkville Ives started coverage on shares of Rubrik in a report on Tuesday, October 6th. They set an “outperform” rating and a $145.00 price objective on the stock. BTIG Research increased their target price on shares of Rubrik from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $120.00 target price on shares of Rubrik in a research report on Friday, August 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Monday, September 21st. Finally, Telsey Advisory Group set a $120.00 price target on Rubrik in a report on Friday, August 28th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.67.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $132.77 on Monday. The business’s 50-day simple moving average is $107.10 and its 200-day simple moving average is $83.58. Rubrik has a 52 week low of $42.25 and a 52 week high of $130.84. The firm has a market cap of $27.52 billion, a price-to-earnings ratio of -104.55 and a beta of 1.12.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. The company’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same period in the prior 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. As a group, equities research analysts forecast that Rubrik will post -1.19 earnings per share for the current year.

Insider Transactions at Rubrik

In other Rubrik news, CFO Kiran Choudary sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $107.32, for a total transaction of $643,920.00. Following the completion of the sale, the chief financial officer directly owned 958,078 shares of the company’s stock, valued at approximately $102,820,930.96. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Thompson sold 11,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the completion of the transaction, the director owned 8,362 shares in the company, valued at $967,399.78. This represents a 56.81% decrease in their ownership of the stock. 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 sold a total of 139,583 shares of company stock valued at $13,515,814 over the last quarter. Corporate insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

A number of large investors have recently bought and sold shares of RBRK. SBI Securities Co. Ltd. raised its holdings in shares of Rubrik by 2.4% in the third quarter. SBI Securities Co. Ltd. now owns 5,457 shares of the company’s stock valued at $625,000 after buying an additional 128 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Rubrik during the third quarter worth about $27,000. Essential Partners LLC grew its holdings in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after buying an additional 284 shares during the last quarter. Versant Capital Management Inc increased its position in Rubrik by 54.6% in the 2nd quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock valued at $74,000 after acquiring an additional 327 shares during the period. Finally, South Shore Capital Advisors increased its position in Rubrik by 9.1% in the 3rd quarter. South Shore Capital Advisors now owns 4,246 shares of the company’s stock valued at $486,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.