Rubrik (RBRK) Scheduled to Post Earnings on Thursday

Rubrik (NYSE:RBRK) is set to release its earnings data after the market closes on Thursday, December 5th. Analysts expect Rubrik to post earnings of ($0.40) per share for the quarter. Rubrik has set its Q3 guidance at $(0.41)-$(0.39) EPS and its FY25 guidance at $(2.12)-$(2.06) EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. On average, analysts expect Rubrik to post $-8 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Rubrik Price Performance

RBRK stock opened at $49.43 on Tuesday. Rubrik has a 52-week low of $28.34 and a 52-week high of $52.75. The business has a fifty day moving average of $40.47 and a two-hundred day moving average of $35.53.

Analysts Set New Price Targets

Several analysts recently issued reports on RBRK shares. Citigroup boosted their price objective on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. CIBC upped their price objective on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a report on Tuesday, September 10th. Wedbush lifted their target price on shares of Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Truist Financial upped their price target on Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, BMO Capital Markets dropped their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Rubrik has a consensus rating of “Buy” and an average target price of $46.71.

Insider Buying and Selling

In other Rubrik news, CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $50.38, for a total value of $90,684.00. Following the sale, the chief financial officer now directly owns 373,760 shares in the company, valued at $18,830,028.80. This trade represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravi Mhatre sold 15,933 shares of the company’s stock in a transaction dated 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 493,112 shares of company stock worth $17,747,746 over the last 90 days.

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.