Citigroup Cuts Rubrik (NYSE:RBRK) Price Target to $88.00

Rubrik (NYSE:RBRK) had its price objective lowered by stock analysts at Citigroup from $115.00 to $88.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 68.71% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Barclays lowered their price objective on shares of Rubrik from $100.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Cantor Fitzgerald decreased their price target on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Guggenheim reiterated a “buy” rating and issued a $110.00 target price on shares of Rubrik in a report on Friday. Robert W. Baird lowered their target price on Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Finally, KeyCorp reduced their price target on Rubrik from $95.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and a consensus price target of $91.47.

Rubrik Price Performance

Shares of RBRK stock traded down $1.27 on Monday, hitting $52.16. The stock had a trading volume of 2,812,361 shares, compared to its average volume of 3,958,450. The company’s 50 day moving average price is $59.14 and its 200-day moving average price is $71.65. Rubrik has a 1 year low of $46.36 and a 1 year high of $103.00. The firm has a market capitalization of $10.44 billion, a P/E ratio of -29.28 and a beta of 0.46.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to analyst estimates of $342.43 million. The business’s revenue was up 46.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, equities analysts forecast that Rubrik will post -7.66 EPS for the current year.

Insiders Place Their Bets

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of Rubrik stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $70.88, for a total transaction of $708,800.00. Following the completion of the sale, the insider directly owned 330,772 shares of the company’s stock, valued at $23,445,119.36. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $53.62, for a total value of $589,820.00. Following the completion of the transaction, the director owned 4,653 shares in the company, valued at approximately $249,493.86. The trade was a 70.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,219 shares of company stock valued at $9,834,982 in the last three months. Corporate insiders own 32.38% of the company’s stock.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Vanguard Group Inc. lifted 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 buying an additional 5,077,513 shares during the last quarter. Norges Bank acquired a new stake in Rubrik during the 4th quarter worth $345,907,000. First Trust Advisors LP raised its stake in Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after acquiring an additional 2,116,272 shares in the last quarter. Federated Hermes Inc. lifted its position 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 acquiring an additional 1,229,476 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Rubrik in the third quarter valued at $97,828,000. Institutional investors and hedge funds 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).