Rubrik (NYSE:RBRK) Shares Gap Down Following Weak Earnings

Rubrik, Inc. (NYSE:RBRK) shares gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $98.50, but opened at $94.56. Rubrik shares last traded at $84.47, with a volume of 5,299,159 shares.

The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.15). The firm had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.26 million. The firm’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RBRK. Guggenheim boosted their price objective on Rubrik from $105.00 to $108.00 and gave the company a “buy” rating in a report on Friday, June 6th. Wells Fargo & Company boosted their price objective on Rubrik from $80.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, June 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $115.00 price objective on shares of Rubrik in a report on Wednesday. Wedbush boosted their price objective on Rubrik from $80.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $110.00 price target (up previously from $77.00) on shares of Rubrik in a report on Friday, June 6th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $104.06.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director Enrique T. Salem sold 700,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $91.09, for a total transaction of $63,763,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $85.97, for a total value of $2,149,250.00. Following the transaction, the executive directly owned 431,052 shares of the company’s stock, valued at $37,057,540.44. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 910,586 shares of company stock valued at $82,305,628. 32.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently made changes to their positions in RBRK. Allworth Financial LP grew its position in shares of Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after purchasing an additional 268 shares in the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of Rubrik in the second quarter valued at approximately $27,000. Beacon Capital Management LLC purchased a new stake in shares of Rubrik in the second quarter valued at approximately $29,000. PNC Financial Services Group Inc. purchased a new stake in shares of Rubrik in the first quarter valued at approximately $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Rubrik in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Down 17.7%

The business has a 50-day moving average price of $88.06 and a 200-day moving average price of $79.34. The firm has a market capitalization of $15.69 billion, a PE ratio of -34.66 and a beta of 0.43.

About Rubrik

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.