Rubrik (NYSE:RBRK) Reaches New 1-Year High on Earnings Beat

by · The Markets Daily

Rubrik, Inc. (NYSE:RBRK – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $107.91 and last traded at $107.1690, with a volume of 8266705 shares changing hands. The stock had previously closed at $96.13.

The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. The business’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

  • Positive Sentiment: Strong earnings beat and raised outlook: Rubrik reported fiscal Q2 EPS of $0.20 versus the $0.04 consensus and revenue of $427.3 million versus expectations of $396.3 million. Revenue increased 43.9% year over year. Management guided fiscal 2027 revenue to approximately $1.7 billion and EPS to $0.47–$0.53, well above consensus estimates. Rubrik Q2 earnings report
  • Positive Sentiment: Analyst targets moved higher: BMO Capital Markets, Barclays, and DA Davidson raised their price targets to $115, while KeyCorp raised its target to $120 and BTIG lifted its target to $125. The firms maintained bullish ratings, supporting the view that the post-earnings pullback may offer an entry opportunity. DA Davidson analyst report
  • Positive Sentiment: AI security opportunity: Rubrik is emphasizing the growing threat from autonomous AI agents and positioning its data-security platform to address that risk, potentially expanding demand as businesses adopt AI. Rubrik AI threats article
  • Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine members. The appointment may add strategic expertise but has limited immediate earnings impact. Rubrik board appointment
  • Negative Sentiment: Margin concerns overshadowed the beat: Coverage indicates that gross-margin slippage and the stock’s elevated valuation prompted investors to lock in gains after the earnings release. Shares had climbed to roughly $107.7 before retreating, suggesting expectations were already very high. Rubrik gross margin article

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Rosenblatt Securities lifted their price target on shares of Rubrik from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp increased their price objective on Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets raised their target price on Rubrik from $98.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday. BTIG Research boosted their target price on Rubrik from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. Finally, UBS Group reaffirmed a “buy” rating and set a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $111.96.

Read Our Latest Stock Report on RBRK

Insider Activity at Rubrik

In related news, Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.00, for a total value of $54,075.00. Following the completion of the transaction, the director directly owned 3,917 shares of the company’s stock, valued at approximately $293,775. This trade represents a 15.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the completion of the transaction, the chief technology officer owned 293,293 shares of the company’s stock, valued at $24,551,557.03. This represents a 4.19% decrease in their ownership of the stock. 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 324,844 shares of company stock worth $27,172,526 in the last ninety days. Insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP bought a new position in Rubrik in the 2nd quarter worth about $11,613,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Rubrik during the second quarter valued at about $2,810,000. California State Teachers Retirement System increased its position in shares of Rubrik by 8,477.0% during the second quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock valued at $1,186,676,000 after buying an additional 14,609,375 shares during the period. Straight Path Wealth Management purchased a new stake in shares of Rubrik in the second quarter worth about $323,000. Finally, Wedmont Private Capital lifted its holdings in shares of Rubrik by 181.0% in the second quarter. Wedmont Private Capital now owns 16,054 shares of the company’s stock worth $1,355,000 after buying an additional 10,340 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Stock Down 12.9%

The business’s 50-day moving average price is $84.94 and its 200 day moving average price is $67.43. The company has a market capitalization of $19.18 billion, a P/E ratio of -73.94 and a beta of 1.17.

Rubrik Company Profile

(Get Free Report)

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).

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