Brokerages Set Rubrik, Inc. (NYSE:RBRK) Price Target at $45.00

Shares of Rubrik, Inc. (NYSE:RBRK) have been assigned an average rating of “Buy” from the nineteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $45.00.

Several brokerages recently issued reports on RBRK. CIBC lifted their price objective on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a report on Tuesday, September 10th. Oppenheimer began coverage on shares of Rubrik in a report on Wednesday, November 13th. They set a “market perform” rating on the stock. FBN Securities started coverage on shares of Rubrik in a report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective on the stock. BMO Capital Markets cut their price target on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $43.00 price target on shares of Rubrik in a report on Tuesday, September 10th.

Insider Activity at Rubrik

In related news, CFO Kiran Kumar Choudary sold 2,670 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $45.07, for a total transaction of $120,336.90. Following the completion of the transaction, the chief financial officer now directly owns 396,160 shares in the company, valued at $17,854,931.20. The trade was a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.39, for a total transaction of $1,034,750.00. Following the transaction, the executive now owns 387,545 shares of the company’s stock, valued at $16,040,487.55. This represents a 6.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,512 shares of company stock worth $15,368,662 over the last three months.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Rubrik by 133.3% during the 3rd quarter. Geode Capital Management LLC now owns 568,646 shares of the company’s stock worth $18,290,000 after acquiring an additional 324,951 shares in the last quarter. Barclays PLC boosted its stake in shares of Rubrik by 140.6% during the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after acquiring an additional 7,029 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Rubrik during the 3rd quarter worth about $571,000. State Street Corp boosted its stake in shares of Rubrik by 368.9% during the 3rd quarter. State Street Corp now owns 421,096 shares of the company’s stock worth $13,538,000 after acquiring an additional 331,296 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Rubrik by 407.7% during the 3rd quarter. Stifel Financial Corp now owns 68,566 shares of the company’s stock worth $2,204,000 after acquiring an additional 55,062 shares in the last quarter.

Rubrik Stock Down 2.8 %

Rubrik stock opened at $43.24 on Monday. The company has a 50 day moving average price of $37.18 and a 200-day moving average price of $34.50. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $45.90.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. As a group, analysts predict that Rubrik will post -8.04 earnings per share for the current 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.