Traders Buy Large Volume of Rubrik Call Options (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) was the target of unusually large options trading on Friday. Traders bought 2,760 call options on the company. This represents an increase of approximately 111% compared to the typical daily volume of 1,310 call options.

Rubrik Price Performance

RBRK stock traded up $1.85 on Friday, reaching $31.78. 472,679 shares of the company’s stock were exchanged, compared to its average volume of 1,275,124. The company has a fifty day moving average of $32.42. Rubrik has a twelve month low of $28.34 and a twelve month high of $40.00.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RBRK shares. The Goldman Sachs Group assumed coverage on Rubrik in a research report on Monday, May 20th. They issued a “buy” rating and a $48.00 target price for the company. Guggenheim restated a “buy” rating and set a $48.00 target price on shares of Rubrik in a research report on Tuesday, June 25th. BMO Capital Markets upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Thursday, June 6th. Capital One Financial initiated coverage on shares of Rubrik in a research report on Monday, May 20th. They set an “overweight” rating and a $42.00 price objective on the stock. Finally, Wells Fargo & Company assumed coverage on shares of Rubrik in a report on Monday, May 20th. They issued an “overweight” rating and a $42.00 target price for the company. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $45.57.

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.