Weekly Research Analysts’ Ratings Changes for Rubrik (RBRK)

Several brokerages have updated their recommendations and price targets on shares of Rubrik (NYSE: RBRK) in the last few weeks:

• 11/22/2024 – Rubrik had its price target raised by analysts at KeyCorp from $48.00 to $57.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Rubrik was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating.
• 11/20/2024 – Rubrik had its price target raised by analysts at Barclays PLC from $42.00 to $51.00. They now have an “overweight” rating on the stock.
• 11/19/2024 – Rubrik had its price target raised by analysts at Guggenheim from $48.00 to $52.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Rubrik had its price target raised by analysts at Truist Financial Co. from $43.00 to $50.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Rubrik is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating on the stock.
• 10/31/2024 – Rubrik had its price target raised by analysts at Robert W. Baird from $42.00 to $48.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Rubrik had its price target raised by analysts at Wedbush from $44.00 to $48.00. They now have an “outperform” rating on the stock.
• 9/30/2024 – Rubrik is now covered by analysts at FBN Securities. They set an “outperform” rating and a $40.00 price target on the stock.

Rubrik Stock Up 3.9 %

NYSE RBRK opened at $51.05 on Monday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $51.58. The business’s fifty day moving average is $38.68 and its two-hundred day moving average is $34.95.

Rubrik (NYSE:RBRK) last announced 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 firm had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. On average, equities analysts anticipate that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 104,672 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the sale, the executive now directly owns 462,545 shares of the company’s stock, valued at $14,486,909.40. The trade was a 18.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 10,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $50.31, for a total value of $503,100.00. Following the completion of the sale, the chief financial officer now directly owns 374,560 shares of the company’s stock, valued at approximately $18,844,113.60. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 491,312 shares of company stock valued at $17,657,062.

Hedge Funds Weigh In On Rubrik

Large investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik during the third quarter worth approximately $25,000. KBC Group NV purchased a new stake in Rubrik in the 3rd quarter worth approximately $72,000. Quent Capital LLC acquired a new stake in shares of Rubrik during the 3rd quarter valued at $192,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Rubrik during the 3rd quarter valued at $208,000. Finally, Barclays PLC increased its stake in shares of Rubrik by 140.6% in the third quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after acquiring an additional 7,029 shares during the last quarter.

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.