On August 28, Rubrik Inc. fell 5.44% in regular trading, trading at approximately $100.225/share, with turnover of $164 million.

On the news front, Rubrik reported fiscal Q2 results after market close on August 27 that significantly exceeded expectations: adjusted EPS of $0.22 far surpassed the consensus estimate of $0.04, a beat of 450%; revenue of $427.26 million grew 38% year-over-year, topping the $396.28 million estimate. The company also raised full-year revenue guidance to $1.685B-$1.693B, well above the market expectation of $1.64B. The quarter ended with 3,084 customers generating at least $100,000 in annual recurring subscription revenue.

Despite the strong results and multiple analysts raising price targets post-earnings, the stock retreated from elevated levels following a pre-earnings rally of over 9% on August 27. The pullback reflects profit-taking dynamics after the stock had already approached or exceeded several institutional target prices ahead of the report.

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