Cantor Fitzgerald Reaffirms “Overweight” Rating for Rubrik (NYSE:RBRK)

Cantor Fitzgerald reissued their overweight rating on shares of Rubrik (NYSE:RBRK) in a report issued on Monday, Benzinga reports. Cantor Fitzgerald currently has a $50.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets upgraded Rubrik from a market perform rating to an outperform rating and set a $40.00 target price on the stock in a report on Thursday, June 6th. Barclays boosted their price objective on Rubrik from $41.00 to $42.00 and gave the stock an overweight rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rubrik in a report on Monday, May 20th. They issued a buy rating and a $42.00 target price for the company. Baird R W upgraded shares of Rubrik to a strong-buy rating in a report on Monday, July 15th. Finally, Wedbush reaffirmed an outperform rating and issued a $50.00 price objective on shares of Rubrik in a research note on Wednesday, June 12th. Fifteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $45.13.

Rubrik Stock Up 1.1 %

Shares of Rubrik stock opened at $36.36 on Monday. The company has a fifty day moving average price of $32.49. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $40.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Tuesday, June 11th. The company reported ($11.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.88) by ($0.59). The business had revenue of $187.32 million for the quarter, compared to the consensus estimate of $171.60 million. Equities analysts anticipate that Rubrik will post -7.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Register Financial Advisors LLC acquired a new stake in shares of Rubrik during the 2nd quarter worth about $227,000. Sei Investments Co. acquired a new stake in shares of Rubrik during the second quarter worth approximately $235,000. PFG Investments LLC acquired a new stake in shares of Rubrik during the second quarter worth approximately $242,000. Natixis Advisors LLC bought a new position in shares of Rubrik in the second quarter valued at approximately $406,000. Finally, Bank of Montreal Can acquired a new position in shares of Rubrik in the 2nd quarter worth approximately $427,000.

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.