Rubrik (NYSE:RBRK) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Rubrik (NYSE:RBRK) had its target price raised by equities research analysts at Rosenblatt Securities from $110.00 to $115.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price target points to a potential upside of 47.44% from the company’s previous close.

A number of other research analysts have also recently issued reports on RBRK. Wall Street Zen cut shares of Rubrik from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Robert W. Baird lifted their price objective on shares of Rubrik from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, June 6th. Mizuho cut shares of Rubrik from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $86.00 in a report on Thursday, May 15th. Oppenheimer reiterated a “market perform” rating on shares of Rubrik in a report on Friday, June 6th. Finally, Cantor Fitzgerald lifted their price objective on shares of Rubrik from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, June 6th. Sixteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.38.

Rubrik Trading Down 3.4%

RBRK opened at $78.00 on Wednesday. Rubrik has a 1-year low of $30.09 and a 1-year high of $103.00. The company has a market cap of $15.09 billion, a P/E ratio of -33.33 and a beta of 0.43. The company has a fifty day moving average price of $87.86 and a two-hundred day moving average price of $79.41.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data 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 firm had revenue of $309.86 million for the quarter, compared to analysts’ expectations of $282.26 million. Rubrik’s revenue was up 44.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, research analysts forecast that Rubrik will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

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

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its stake in shares of Rubrik by 1,030.8% in the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after buying an additional 268 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Rubrik in the 2nd quarter worth approximately $27,000. Beacon Capital Management LLC bought a new stake in shares of Rubrik in the 2nd quarter worth approximately $29,000. PNC Financial Services Group Inc. bought a new stake in shares of Rubrik in the 1st quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of Rubrik in the 1st quarter worth approximately $31,000. Hedge funds and other 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.