BTIG Research Increases Rubrik (NYSE:RBRK) Price Target to $76.00

Rubrik (NYSE:RBRK) had its price target raised by equities researchers at BTIG Research from $64.00 to $76.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price objective would suggest a potential upside of 14.42% from the company’s previous close.

A number of other analysts have also recently commented on RBRK. Robert W. Baird lowered their price objective on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Jefferies Financial Group initiated coverage on shares of Rubrik in a research report on Monday, April 27th. They issued a “buy” rating and a $65.00 price objective for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 target price (down from $99.00) on shares of Rubrik in a research note on Friday, March 13th. The Goldman Sachs Group lowered their target price on Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a report on Monday, February 9th. Finally, DA Davidson set a $70.00 target price on Rubrik in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and an average target price of $85.32.

Rubrik Stock Up 3.3%

RBRK opened at $66.42 on Thursday. Rubrik has a 12 month low of $42.25 and a 12 month high of $103.00. The company has a fifty day simple moving average of $53.70 and a 200 day simple moving average of $62.56. The stock has a market cap of $13.44 billion, a P/E ratio of -37.53 and a beta of 0.63.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. During the same quarter in the prior year, the company earned ($0.18) EPS. Rubrik’s quarterly revenue was up 46.3% on a year-over-year basis. 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 research analysts expect that Rubrik will post -1.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark D. Mclaughlin bought 10,638 shares of the stock in a transaction on Monday, March 30th. The stock was purchased at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the acquisition, the director owned 13,639 shares in the company, valued at approximately $643,897.19. This trade represents a 354.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the transaction, the director owned 4,653 shares of the company’s stock, valued at approximately $258,148.44. This trade represents a 70.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 183,113 shares of company stock worth $9,076,797. Corporate insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after buying an additional 340 shares during the last quarter. Financial Life Planners acquired a new position in shares of Rubrik during the 3rd quarter worth about $31,000. Atlantic Union Bankshares Corp boosted its stake in shares of Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Guerra Advisors Inc acquired a new position in shares of Rubrik during the 3rd quarter worth about $33,000. Finally, Triumph Capital Management acquired a new position in shares of Rubrik during the 4th quarter worth about $33,000. 49.54% of the stock is currently 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).