Rubrik (NYSE:RBRK) Releases Earnings Results, Misses Expectations By $0.22 EPS

Rubrik (NYSE:RBRK) released its quarterly earnings data on Thursday. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22), Zacks reports. The business had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. The firm’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.59) EPS.

Rubrik Stock Performance

Shares of RBRK traded down $1.92 during mid-day trading on Thursday, hitting $55.19. 2,609,355 shares of the company traded hands, compared to its average volume of 2,044,186. Rubrik has a 1-year low of $28.34 and a 1-year high of $80.00. The business has a 50 day moving average of $68.42 and a 200 day moving average of $53.26.

Insider Activity

In related news, CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $68.03, for a total transaction of $122,454.00. Following the sale, the chief financial officer now directly owns 343,774 shares of the company’s stock, valued at approximately $23,386,945.22. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $14,768,704.44. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares in the company, valued at approximately $14,229,014.31. The trade was a 50.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 625,712 shares of company stock valued at $41,583,311 over the last ninety days.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Mizuho raised their price target on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Barclays raised their target price on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Piper Sandler upped their price target on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Citigroup lifted their price objective on shares of Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Robert W. Baird lowered their target price on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Rubrik presently has an average rating of “Buy” and a consensus price target of $66.72.

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.