Robert W. Baird Forecasts Strong Price Appreciation for Rubrik (NYSE:RBRK) Stock

by · The Cerbat Gem

Rubrik (NYSE:RBRK – Get Free Report) had its price target upped by research analysts at Robert W. Baird from $120.00 to $130.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 84.60% from the company’s current price.

A number of other equities research analysts also recently commented on RBRK. Rosenblatt Securities increased their price objective on Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. CIBC upped their price objective on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research note on Thursday, September 11th. Berenberg Bank began coverage on shares of Rubrik in a research report on Tuesday, November 18th. They issued a “buy” rating and a $114.00 target price on the stock. William Blair upgraded shares of Rubrik to an “outperform” rating in a report on Friday. Finally, Barclays raised their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Nineteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and a consensus target price of $110.31.

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Rubrik Trading Down 1.4%

Shares of RBRK opened at $70.42 on Friday. Rubrik has a 52 week low of $47.35 and a 52 week high of $103.00. The stock has a 50 day moving average of $75.38 and a 200-day moving average of $83.64. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of -30.10 and a beta of 0.32.

Rubrik (NYSE:RBRK – Get Free Report) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. During the same period last year, the business posted ($0.21) EPS. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, sell-side analysts predict that Rubrik will post -7.66 earnings per share for the current fiscal year.

Insider Transactions at Rubrik

In other Rubrik news, insider Brian K. Mccarthy sold 10,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $75.90, for a total value of $759,000.00. Following the completion of the sale, the insider directly owned 349,319 shares of the company’s stock, valued at $26,513,312.10. This represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $69.46, for a total transaction of $243,110.00. Following the completion of the sale, the chief financial officer owned 509,051 shares of the company’s stock, valued at approximately $35,358,682.46. The trade was a 0.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 115,966 shares of company stock worth $8,777,876. Insiders own 32.38% of the company’s stock.

Institutional Investors Weigh In On Rubrik

Large investors have recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of Rubrik by 4.8% during the first quarter. LPL Financial LLC now owns 99,814 shares of the company’s stock worth $6,087,000 after purchasing an additional 4,543 shares during the last quarter. US Bancorp DE lifted its position in Rubrik by 80.3% during the 1st quarter. US Bancorp DE now owns 35,245 shares of the company’s stock worth $2,149,000 after buying an additional 15,698 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Rubrik during the 1st quarter worth about $30,000. Atria Wealth Solutions Inc. grew its holdings in Rubrik by 15.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 25,500 shares of the company’s stock worth $1,555,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Rubrik by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company’s stock valued at $423,512,000 after acquiring an additional 616,917 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

About Rubrik

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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.

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