Rubrik (NYSE:RBRK) Issues Q1 Earnings Guidance

Rubrik (NYSE:RBRK) issued an update on its first quarter earnings guidance on Thursday morning. 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.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RBRK. BMO Capital Markets raised their price objective on shares of Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday. Mizuho upped their price objective on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Piper Sandler lifted their target price on Rubrik from $83.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird lowered their price target on Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, William Blair initiated coverage on Rubrik in a report on Friday, February 7th. They issued a “market perform” rating for the company. Two 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $69.78.

Rubrik Price Performance

Shares of Rubrik stock opened at $70.54 on Friday. Rubrik has a 12 month low of $28.34 and a 12 month high of $80.00. The stock has a 50 day moving average of $68.20 and a 200 day moving average of $53.27.

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

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 227,596 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 28,485 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total value of $2,060,604.90. Following the transaction, the executive now owns 346,560 shares in the company, valued at $25,070,150.40. The trade was a 7.60 % 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 in the last ninety days.

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.