Rubrik (NYSE:RBRK) Updates FY 2026 Earnings Guidance

Rubrik (NYSE:RBRK - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of -0.200--0.160 for the period, compared to the consensus EPS estimate of -1.180. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion. Rubrik also updated its Q4 2026 guidance to -0.120--0.100 EPS.

Wall Street Analysts Forecast Growth

• 2 Reasons to Scoop Up Rubrik Stock and Hold on for Life

A number of equities research analysts recently commented on the company. KeyCorp lifted their target price on Rubrik from $113.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Cantor Fitzgerald decreased their price objective on shares of Rubrik from $115.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday. CIBC increased their price objective on shares of Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a research note on Thursday, September 11th. Berenberg Bank initiated coverage on shares of Rubrik in a report on Tuesday, November 18th. They set a "buy" rating and a $114.00 target price for the company. Finally, Wall Street Zen downgraded shares of Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Eighteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.06.

Check Out Our Latest Analysis on RBRK

Rubrik Stock Performance

• Cybersecurity Confidence: 3 of the Market's Most Upgraded Stocks

Shares of RBRK traded down $0.99 during trading hours on Thursday, hitting $70.42. The stock had a trading volume of 8,554,482 shares, compared to its average volume of 3,147,644. The firm has a 50-day moving average price of $75.61 and a 200 day moving average price of $83.73. Rubrik has a fifty-two week low of $47.35 and a fifty-two week high of $103.00. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of -30.10 and a beta of 0.32.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analysts' expectations of $282.25 million. The firm's quarterly revenue was up 44.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS and its FY 2026 guidance at -0.500--0.440 EPS. As a group, analysts predict that Rubrik will post -7.66 EPS for the current fiscal year.

Insiders Place Their Bets

• Institutional Investors Couldn't Resist These 5 Stocks in Q1

In related news, insider Brian K. Mccarthy sold 10,000 shares of the company's stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $75.90, for a total value of $759,000.00. Following the completion of the transaction, the insider owned 349,319 shares of the company's stock, valued at approximately $26,513,312.10. This represents a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $489,711.79. Following the completion of the sale, the chief financial officer directly owned 516,184 shares in the company, valued at approximately $38,306,014.64. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,966 shares of company stock worth $8,777,876 in the last 90 days. 32.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Rubrik by 7.0% during the second quarter. Bank of America Corp DE now owns 2,073,044 shares of the company's stock worth $185,724,000 after purchasing an additional 136,262 shares in the last quarter. State Street Corp boosted its stake in Rubrik by 139.7% during the 2nd quarter. State Street Corp now owns 1,771,475 shares of the company's stock worth $158,706,000 after purchasing an additional 1,032,497 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Rubrik by 41.7% during the second quarter. BNP Paribas Financial Markets now owns 1,275,468 shares of the company's stock worth $114,269,000 after buying an additional 375,615 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Rubrik during the third quarter worth $97,828,000. Finally, Invesco Ltd. raised its position in shares of Rubrik by 364.8% in the third quarter. Invesco Ltd. now owns 1,074,025 shares of the company's stock valued at $88,339,000 after buying an additional 842,939 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

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.

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