Rubrik (NYSE:RBRK) Updates FY25 Earnings Guidance

Rubrik (NYSE:RBRK) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of ($1.86)-($1.82) for the period, compared to the consensus earnings per share estimate of ($2.09). The company issued revenue guidance of $860-862 million, compared to the consensus revenue estimate of $834.12 million. Rubrik also updated its FY 2025 guidance to -1.860–1.820 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RBRK. Citigroup upped their price target on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Guggenheim boosted their price objective on Rubrik from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company cut their price objective on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Cantor Fitzgerald raised Rubrik to a “strong-buy” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets cut their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $47.12.

Rubrik Stock Performance

RBRK stock traded up $1.01 during midday trading on Thursday, hitting $53.63. The company had a trading volume of 3,857,073 shares, compared to its average volume of 1,484,136. Rubrik has a 52 week low of $28.34 and a 52 week high of $54.90. The stock’s 50 day moving average price is $41.56 and its 200 day moving average price is $35.86.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. Analysts expect that Rubrik will post -8.04 earnings per share for the current year.

Insider Activity at Rubrik

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the executive now owns 337,545 shares in the company, valued at $16,877,250. This represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ravi Mhatre sold 15,933 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $30.19, for a total value of $481,017.27. The disclosure for this sale can be found here. Insiders sold a total of 518,112 shares of company stock worth $18,997,746 over the last quarter.

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.