Rubrik, Inc. (NYSE:RBRK) Receives Consensus Rating of “Buy” from Analysts

Rubrik, Inc. (NYSE:RBRK) has received an average recommendation of “Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $44.65.

RBRK has been the subject of several research reports. CIBC boosted their price objective on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research note on Tuesday, September 10th. Citigroup boosted their price target on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Wedbush lifted their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Baird R W raised shares of Rubrik to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Truist Financial restated a “buy” rating and issued a $43.00 price target on shares of Rubrik in a report on Tuesday, September 10th.

Insider Buying and Selling

In related news, Director Ravi Mhatre sold 15,933 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $30.19, for a total value of $481,017.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $31.25, for a total value of $781,250.00. Following the transaction, the executive now directly owns 437,545 shares of the company’s stock, valued at approximately $13,673,281.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ravi Mhatre sold 15,933 shares of Rubrik stock in a transaction on Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The disclosure for this sale can be found here. Insiders have sold a total of 375,912 shares of company stock valued at $12,546,185 over the last quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quent Capital LLC bought a new position in Rubrik during the third quarter worth $192,000. Register Financial Advisors LLC acquired a new stake in shares of Rubrik during the second quarter worth approximately $227,000. Sei Investments Co. acquired a new stake in Rubrik during the 2nd quarter valued at $235,000. PFG Investments LLC bought a new position in shares of Rubrik in the second quarter valued at about $242,000. Finally, Natixis Advisors LLC acquired a new position in Rubrik during the 2nd quarter valued at about $406,000.

Rubrik Stock Performance

Shares of Rubrik stock opened at $38.52 on Thursday. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $41.33. The business’s fifty day simple moving average is $33.98.

Rubrik (NYSE:RBRK) last released its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. Analysts expect that Rubrik will post -7.95 earnings per share for the current fiscal year.

About Rubrik

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.