Rubrik (NYSE:RBRK) Releases Q3 2027 Earnings Guidance

Rubrik (NYSE:RBRK) issued an update on its third quarter 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.070-0.090 for the period, compared to the consensus EPS estimate of -0.020. The company issued revenue guidance of $429.0 million-$431.0 million, compared to the consensus revenue estimate of $418.0 million. Rubrik also updated its FY 2027 guidance to 0.470-0.530 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RBRK shares. Mizuho boosted their price objective on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Stephens restated an “overweight” rating and set a $90.00 target price on shares of Rubrik in a report on Monday, June 15th. Wolfe Research reissued an “outperform” rating and issued a $95.00 price target on shares of Rubrik in a report on Friday, June 5th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Finally, Wells Fargo & Company raised their price objective on shares of Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and an average price target of $104.56.

Rubrik Trading Up 11.5%

NYSE:RBRK traded up $11.04 during trading hours on Thursday, reaching $107.17. 7,421,742 shares of the company traded hands, compared to its average volume of 3,730,102. The business’s 50-day moving average price is $83.75 and its two-hundred day moving average price is $66.85. Rubrik has a 1 year low of $42.25 and a 1 year high of $107.91. The stock has a market capitalization of $22.06 billion, a P/E ratio of -73.91 and a beta of 1.17.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping 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. 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 analysts anticipate that Rubrik will post -1.13 EPS for the current year.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 199,447 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the sale, the chief technology officer directly owned 314,048 shares in the company, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.32, for a total value of $983,200.00. Following the completion of the sale, the chief financial officer directly owned 978,073 shares of the company’s stock, valued at approximately $96,164,137.36. The trade was a 1.01% 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. Insiders sold a total of 327,682 shares of company stock worth $27,385,376 in the last three months. Insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new position in shares of Rubrik during the 4th quarter valued at $33,000. Banque Cantonale Vaudoise bought a new stake in shares of Rubrik in the third quarter worth $34,000. Los Angeles Capital Management LLC purchased a new stake in Rubrik during the fourth quarter valued at $35,000. Comerica Bank lifted its holdings in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares during the period. Finally, Advocate Investing Services LLC bought a new position in Rubrik in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

About Rubrik

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).