Rubrik (NYSE:RBRK) Updates Q4 Earnings Guidance

Rubrik (NYSE:RBRK) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.41)-($0.37) for the period, compared to the consensus EPS 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 FY25 guidance to ($1.86)-($1.82) EPS.

Rubrik Price Performance

Shares of NYSE:RBRK traded up $1.04 during midday trading on Thursday, hitting $53.66. 3,324,424 shares of the stock were exchanged, compared to its average volume of 1,482,039. Rubrik has a 52-week low of $28.34 and a 52-week high of $54.90. The business’s fifty day simple moving average is $41.56 and its two-hundred day simple moving average is $35.86.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The firm had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. As a group, sell-side analysts predict that Rubrik will post -8.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Oppenheimer started coverage on shares of Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating for the company. Citigroup upped their price objective on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. BMO Capital Markets lowered their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Guggenheim boosted their price target on Rubrik from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Truist Financial increased their price objective on Rubrik from $43.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Rubrik currently has a consensus rating of “Buy” and a consensus target price of $47.12.

Insider Transactions at Rubrik

In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of Rubrik stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Brian K. Mccarthy sold 104,672 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the sale, the executive now directly owns 462,545 shares of the company’s stock, valued at $14,486,909.40. This represents a 18.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 518,112 shares of company stock valued at $18,997,746 over the last three months.

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.