Rubrik (RBRK) to Release Earnings on Thursday

Rubrik (NYSE:RBRK) will announce its earnings results after the market closes on Thursday, December 5th. Analysts expect the company to announce 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 that wish to register for the company’s earnings conference call can do so using this link.

Rubrik (NYSE:RBRK) last released its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) 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 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 Stock Up 3.0 %

RBRK stock opened at $50.91 on Wednesday. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $52.75. The business has a 50-day moving average of $40.79 and a 200-day moving average of $35.64.

Insiders Place Their Bets

In related news, Director Ravi Mhatre sold 15,933 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total transaction of $481,017.27. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kiran Kumar Choudary sold 1,500 shares of Rubrik stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $39.40, for a total transaction of $59,100.00. Following the completion of the sale, the chief financial officer now owns 423,060 shares of the company’s stock, valued at $16,668,564. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 493,112 shares of company stock worth $17,747,746 over the last three months.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wedbush raised their price target on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Piper Sandler started coverage on shares of Rubrik in a research note on Monday, August 19th. They issued an “overweight” rating and a $42.00 price target on the stock. Citigroup boosted their price target on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Guggenheim lifted their target price on Rubrik from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Cantor Fitzgerald raised Rubrik to a “strong-buy” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.