Rubrik (NYSE:RBRK) Issues Q1 Earnings Guidance

Rubrik (NYSE:RBRK - Get Free Report) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $(0.33)-$(0.31) for the period, compared to the consensus EPS 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 FY26 guidance to $(1.23)-$(1.13) EPS.

Analyst Ratings Changes

RBRK has been the subject of a number of recent research reports. Oppenheimer started coverage on shares of Rubrik in a research note on Wednesday, November 13th. They issued a "market perform" rating for the company. Truist Financial boosted their price target on Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective on the stock in a research report on Wednesday. Mizuho lifted their target price on Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Finally, Guggenheim reissued a "buy" rating and set a $76.00 price target on shares of Rubrik in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $66.72.

Rubrik Stock Performance

RBRK stock traded down $1.92 during midday trading on Thursday, reaching $55.19. The stock had a trading volume of 2,321,631 shares, compared to its average volume of 2,027,123. 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 52-week low of $28.34 and a 52-week high of $80.00.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 3,973 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total value of $287,406.82. Following the sale, the chief financial officer now directly owns 345,374 shares of the company's stock, valued at $24,984,355.16. This represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Arvind Nithrakashyap sold 227,596 shares of the firm's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $64.89, for a total transaction of $14,768,704.44. Following the transaction, the chief technology officer now directly owns 219,279 shares of the company's stock, valued at approximately $14,229,014.31. This trade represents a 50.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 625,712 shares of company stock valued at $41,583,311.

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.

Remove Ads

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.