Rubrik, Inc. (NYSE:RBRK) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Rubrik, Inc. (NYSE:RBRK) have been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, sixteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $45.00.

RBRK has been the topic of several research reports. FBN Securities assumed coverage on shares of Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target on the stock. Truist Financial reiterated a “buy” rating and set a $43.00 price target on shares of Rubrik in a research report on Tuesday, September 10th. Wedbush lifted their price objective on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. CIBC raised their price target on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a report on Tuesday, September 10th. Finally, Robert W. Baird raised their price target on Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st.

Insider Activity 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 value of $1,630,932.84. Following the completion of the transaction, the chief financial officer now directly owns 493,360 shares of the company’s stock, valued at $15,496,437.60. This trade represents a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $3,278,327.04. Following the completion of the sale, the executive now directly owns 462,545 shares in the company, valued at approximately $14,486,909.40. This represents a 18.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,512 shares of company stock valued at $15,368,662.

Institutional Trading of Rubrik

A number of large investors have recently made changes to their positions in RBRK. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik in the third quarter valued at about $25,000. KBC Group NV bought a new stake in Rubrik in the 3rd quarter valued at about $72,000. Quent Capital LLC acquired a new stake in Rubrik during the third quarter worth approximately $192,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Rubrik during the 3rd quarter worth approximately $208,000. Finally, Register Financial Advisors LLC bought a new position in shares of Rubrik in the 2nd quarter valued at $227,000.

Rubrik Stock Down 2.9 %

NYSE RBRK opened at $43.20 on Monday. Rubrik has a 12-month low of $28.34 and a 12-month high of $45.90. The firm’s fifty day simple moving average is $37.18 and its two-hundred day simple moving average is $34.47.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Monday, September 9th. The company reported ($0.97) 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 the consensus estimate of $195.58 million. On average, analysts predict that Rubrik will post -7.94 earnings per share for the current fiscal year.

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.