Rubrik (NYSE:RBRK) Releases FY25 Earnings Guidance

Rubrik (NYSE:RBRK) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($1.86)-($1.82) for the period, compared to the consensus estimate of ($2.09). The company issued revenue guidance of $860-862 million, compared to the consensus revenue estimate of $834.12 million. Rubrik also updated its FY 2025 guidance to -1.860–1.820 EPS.

Rubrik Stock Performance

Shares of RBRK opened at $64.54 on Friday. Rubrik has a 12-month low of $28.34 and a 12-month high of $72.66. The company has a 50-day moving average of $42.65 and a two-hundred day moving average of $36.18.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. On average, equities research analysts expect that Rubrik will post -8.04 earnings per share for the current year.

Analyst Ratings Changes

RBRK has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $72.00 price objective (up from $42.00) on shares of Rubrik in a research report on Friday. Robert W. Baird upped their target price on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets lifted their price target on shares of Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday. Barclays upped their price objective on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Oppenheimer assumed coverage on shares of Rubrik in a research note on Wednesday, November 13th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Rubrik currently has a consensus rating of “Buy” and a consensus price target of $60.59.

Insider Buying and Selling at Rubrik

In related news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction on Friday, December 6th. The shares were sold at an average price of $64.37, for a total transaction of $1,609,250.00. Following the transaction, the executive now owns 312,545 shares in the company, valued at approximately $20,118,521.65. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ravi Mhatre sold 15,933 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 574,912 shares of company stock valued at $22,673,114.

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.