Rubrik (NYSE:RBRK) Now Covered by Analysts at Roth Capital

Equities research analysts at Roth Capital began coverage on shares of Rubrik (NYSE:RBRK) in a research report issued on Thursday,Finviz reports. The firm set a “buy” rating and a $97.00 price target on the stock. Roth Capital’s price target suggests a potential upside of 15.34% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Piper Sandler reduced their target price on shares of Rubrik from $87.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citigroup increased their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. Robert W. Baird dropped their price objective on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, March 12th. Finally, Rosenblatt Securities upgraded Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.53.

Rubrik Stock Performance

Shares of RBRK stock opened at $84.10 on Thursday. The stock’s 50-day moving average is $65.77 and its two-hundred day moving average is $63.39. The firm has a market cap of $15.96 billion and a price-to-earnings ratio of -6.10. Rubrik has a 1 year low of $28.34 and a 1 year high of $84.65.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The company had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $233.13 million. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same period last year, the business earned ($1.59) EPS. As a group, research analysts predict that Rubrik will post -7.66 EPS for the current year.

Insider Buying and Selling at Rubrik

In other news, major shareholder Lightspeed Management Company, sold 13,213 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total value of $832,154.74. Following the sale, the insider now directly owns 21,221 shares in the company, valued at approximately $1,336,498.58. This trade represents a 38.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the sale, the director now directly owns 153 shares in the company, valued at $11,828.43. The trade was a 94.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 546,117 shares of company stock worth $36,491,888 over the last ninety days.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its stake in shares of Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock valued at $683,000 after buying an additional 300 shares in the last quarter. Comerica Bank grew its stake in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Rubrik during the 4th quarter worth approximately $28,000. KBC Group NV boosted its holdings in Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after purchasing an additional 430 shares during the period. Finally, Global Retirement Partners LLC raised its stake in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. 49.54% of the stock is owned by institutional investors.

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.