Rubrik (NYSE:RBRK) Updates Q4 Earnings Guidance

Rubrik (NYSE:RBRK) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.41)-($0.37) for the period, compared to the consensus estimate of ($0.41). The company issued revenue guidance of $231.5-233.5 million, compared to the consensus revenue estimate of $224.47 million. Rubrik also updated its FY 2025 guidance to -1.860–1.820 EPS.

Rubrik Price Performance

Shares of RBRK opened at $64.78 on Friday. Rubrik has a 12 month low of $28.34 and a 12 month high of $64.78. The stock’s 50 day moving average is $42.00 and its two-hundred day moving average is $35.98.

Rubrik (NYSE:RBRK) last posted 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 business had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. On average, analysts forecast that Rubrik will post -8.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Guggenheim boosted their target price on Rubrik from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. CIBC lifted their price objective on Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research note on Tuesday, September 10th. Cantor Fitzgerald raised shares of Rubrik to a “strong-buy” rating in a research report on Wednesday, November 20th. Barclays raised their target price on shares of Rubrik from $42.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Truist Financial lifted their target price on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Rubrik presently has an average rating of “Buy” and a consensus price target of $51.65.

Insider Transactions at Rubrik

In other news, major shareholder Barry Eggers sold 100,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the completion of the transaction, the insider now directly owns 56,736 shares of the company’s stock, valued at $1,857,536.64. This represents a 63.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $50.38, for a total value of $1,259,500.00. Following the completion of the sale, the executive now directly owns 362,545 shares in the company, valued at approximately $18,265,017.10. This represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 518,112 shares of company stock worth $18,997,746.

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.