Rubrik (RBRK) to Release Earnings on Thursday

Rubrik (NYSE:RBRK) is set to post its quarterly earnings results 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.Parties interested in participating in the company’s 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to the consensus estimate 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

Shares of RBRK opened at $50.91 on Wednesday. Rubrik has a 1 year low of $28.34 and a 1 year high of $52.75. The stock has a 50 day simple moving average of $40.79 and a 200-day simple moving average of $35.64.

Insider Buying and Selling at Rubrik

In related news, CFO Kiran Kumar Choudary sold 51,924 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $31.41, for a total transaction of $1,630,932.84. Following the sale, the chief financial officer now owns 493,360 shares of the company’s stock, valued at approximately $15,496,437.60. This trade represents a 9.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $50.38, for a total value of $1,259,500.00. Following the completion of the transaction, the executive now directly owns 362,545 shares of the company’s stock, valued at approximately $18,265,017.10. The trade was a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 493,112 shares of company stock valued at $17,747,746.

Analyst Upgrades and Downgrades

RBRK has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. CIBC upped their price objective on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research note on Tuesday, September 10th. BMO Capital Markets cut their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Cantor Fitzgerald upgraded Rubrik to a “strong-buy” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer initiated coverage on Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $46.71.

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.