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

Shares of Rubrik, Inc. (NYSE:RBRK) have been given a consensus recommendation of “Buy” by the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Fourteen equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $45.33.

Several equities analysts have recently issued reports on the company. KeyCorp upped their target price on Rubrik from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. Guggenheim reissued a “buy” rating and issued a $48.00 price objective on shares of Rubrik in a report on Tuesday, June 25th. Mizuho started coverage on shares of Rubrik in a report on Monday, May 20th. They set a “buy” rating and a $46.00 price objective on the stock. Barclays lifted their target price on shares of Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Finally, Robert W. Baird began coverage on shares of Rubrik in a report on Monday, July 15th. They issued an “outperform” rating and a $42.00 price objective for the company.

Rubrik Stock Up 0.8 %

Shares of NYSE:RBRK traded up $0.26 during mid-day trading on Friday, hitting $31.75. 648,337 shares of the company traded hands, compared to its average volume of 869,012. The firm’s 50-day moving average price is $32.43. Rubrik has a 12-month low of $28.34 and a 12-month high of $40.00.

Rubrik (NYSE:RBRK) last posted its earnings results on Tuesday, June 11th. The company reported ($11.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.88) by ($0.59). The firm had revenue of $187.32 million for the quarter, compared to analysts’ expectations of $171.60 million. As a group, equities research analysts expect that Rubrik will post -7.68 earnings per share for the current year.

Institutional Trading of Rubrik

Institutional investors have recently made changes to their positions in the stock. Register Financial Advisors LLC bought a new stake in Rubrik during the 2nd quarter valued at $227,000. PFG Investments LLC bought a new position in shares of Rubrik during the second quarter valued at about $242,000. Natixis Advisors LLC bought a new stake in shares of Rubrik in the second quarter worth about $406,000. Commonwealth Equity Services LLC bought a new stake in shares of Rubrik in the second quarter worth about $503,000. Finally, EFG Asset Management North America Corp. purchased a new position in Rubrik during the 2nd quarter valued at about $925,000.

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.