Rubrik, Inc. (NYSE:RBRK) saw its share price surge notably ahead of trading on Friday, following the release of its quarterly earnings that exceeded market expectations. The stock, which closed at $70.43 the previous day, opened at $87.04, reflecting a significant gap up. As of the latest trading session, shares were priced at $88.61, with a trading volume of 4,987,422 shares.
In its earnings report, Rubrik announced earnings per share (EPS) of $0.10, surpassing analysts’ consensus estimates of (-$0.16) by $0.26. This marks a notable improvement from the same quarter last year when the company reported an EPS of (-$0.21). Additionally, Rubrik’s revenue reached $350.17 million, significantly exceeding the forecasted $320.19 million and indicating a robust year-over-year growth of 48.3%.
Future Guidance and Analyst Ratings
Looking ahead, Rubrik has provided guidance for fiscal year 2026, projecting an EPS in the range of (-$0.200) to (-$0.160). For the fourth quarter of 2026, the company anticipates an EPS between (-$0.120) and ($0.100).
Analysts have reacted positively to the earnings report. Robert W. Baird raised its price target on Rubrik from $120.00 to $130.00, maintaining an “outperform” rating. Similarly, Wedbush reiterated its “outperform” rating, with a price target set at $120.00. Barclays increased their price objective from $115.00 to $120.00 and assigned an “overweight” rating.
Market analysts show a favorable outlook on Rubrik, with twenty equity research analysts offering a “Buy” rating, one recommending a “Hold,” and one issuing a “Sell” rating. According to data from MarketBeat, Rubrik currently enjoys an average rating of “Moderate Buy” with a target price averaging $110.19.
Insider Transactions and Institutional Involvement
In recent insider trading activity, John Wendell Thompson, a director at Rubrik, sold 9,009 shares at an average price of $82.76, totaling approximately $745,584.84. Post-sale, Thompson holds 998 shares, reflecting a significant 90.03% decrease in his position. This transaction was disclosed in a filing with the SEC.
Additionally, Kiran Kumar Choudary, the Chief Financial Officer, sold 6,599 shares at an average price of $74.21, amounting to about $489,711.79. After this sale, Choudary maintains ownership of 516,184 shares, valued at around $38.3 million, which represents a 1.26% decline in his ownership. Over the past ninety days, insiders have sold a total of 115,966 shares valued at $8,777,876.
Institutional investors have also adjusted their positions in Rubrik. Allworth Financial LP increased its stake by an impressive 1,030.8% during the second quarter, now owning 294 shares valued at $26,000. Other notable changes include new stakes from ST Germain D J Co. Inc. and Bogart Wealth LLC, demonstrating a growing interest among large investors. Currently, 49.54% of Rubrik’s stock is held by hedge funds and institutional investors.
With a market capitalization of $17.56 billion, Rubrik operates with a price-to-earnings (P/E) ratio of -37.60 and a beta of 0.32. The company’s fifty-day moving average stands at $75.38, while the 200-day moving average is at $83.64.
Rubrik, Inc. provides a range of data security solutions to clients globally, including enterprise data protection and cloud data protection services, catering to various sectors such as finance, healthcare, and technology.
