Rubrik (NYSE:RBRK) Updates Q1 Earnings Guidance

Rubrik (NYSE:RBRK) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $(0.33)-$(0.31) for the period, compared to the consensus earnings per share estimate of ($0.40). The company issued revenue guidance of $259-$261 million, compared to the consensus revenue estimate of $242.43 million. Rubrik also updated its FY 2026 guidance to -1.230–1.130 EPS.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $55.19 on Friday. The firm has a fifty day simple moving average of $68.42 and a two-hundred day simple moving average of $53.26. Rubrik has a 12 month low of $28.34 and a 12 month high of $80.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The company had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same period last year, the firm posted ($1.59) EPS. Rubrik’s quarterly revenue was up 47.5% compared to the same quarter last year. As a group, analysts predict that Rubrik will post -7.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RBRK. BMO Capital Markets raised their price target on shares of Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Wednesday. KeyCorp raised their price target on shares of Rubrik from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Mizuho raised their price target on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Truist Financial raised their price target on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $66.72.

Insiders Place Their Bets

In other news, CTO Arvind Nithrakashyap sold 32,484 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $61.59, for a total transaction of $2,000,689.56. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at approximately $13,505,393.61. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total transaction of $169,000.00. Following the sale, the director now directly owns 153 shares of the company’s stock, valued at $10,342.80. This represents a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 625,712 shares of company stock valued at $41,583,311 over the last three months.

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.