Rubrik (NYSE:RBRK) Given “Overweight” Rating at Cantor Fitzgerald

Rubrik (NYSE:RBRK)‘s stock had its “overweight” rating restated by equities research analysts at Cantor Fitzgerald in a research report issued on Wednesday,Benzinga reports. They presently have a $115.00 target price on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 47.44% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Rubrik from $80.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, June 6th. Rosenblatt Securities increased their price target on shares of Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. CIBC increased their price target on shares of Rubrik from $110.00 to $125.00 and gave the stock an “outperformer” rating in a research note on Monday, June 9th. Barclays increased their price target on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wedbush increased their price target on shares of Rubrik from $80.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Sixteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and an average target price of $104.38.

Rubrik Trading Down 3.4%

Rubrik stock opened at $78.00 on Wednesday. The firm has a 50-day moving average of $87.86 and a 200-day moving average of $79.41. The firm has a market cap of $15.09 billion, a P/E ratio of -33.33 and a beta of 0.43. Rubrik has a 1-year low of $30.09 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Tuesday, September 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.15). The company had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.26 million. During the same period in the prior year, the firm posted ($0.40) earnings per share. Rubrik’s quarterly revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. Research analysts forecast that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director Enrique T. Salem sold 21,924 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $89.78, for a total transaction of $1,968,336.72. Following the completion of the transaction, the director owned 6,937 shares of the company’s stock, valued at approximately $622,803.86. This trade represents a 75.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Arvind Nithrakashyap sold 43,128 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $88.56, for a total transaction of $3,819,415.68. Following the transaction, the chief technology officer directly owned 38,122 shares of the company’s stock, valued at $3,376,084.32. This represents a 53.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 210,586 shares of company stock valued at $18,542,628. 32.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after acquiring an additional 268 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Rubrik during the second quarter valued at approximately $27,000. Beacon Capital Management LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $29,000. Catalyst Capital Advisors LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $36,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $41,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.