Recent Analysts’ Ratings Updates for Rubrik (RBRK)

A number of research firms have changed their ratings and price targets for Rubrik (NYSE: RBRK):

• 12/9/2024 – Rubrik had its price target raised by analysts at Mizuho from $47.00 to $68.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Rubrik had its price target raised by analysts at Barclays PLC from $51.00 to $70.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Rubrik had its price target raised by analysts at Cantor Fitzgerald from $58.00 to $70.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Rubrik had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $72.00 price target on the stock, up previously from $42.00.
• 12/6/2024 – Rubrik had its price target raised by analysts at Wells Fargo & Company from $40.00 to $76.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Rubrik had its price target raised by analysts at KeyCorp from $57.00 to $75.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Rubrik had its price target raised by analysts at BMO Capital Markets from $38.00 to $72.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Rubrik had its price target raised by analysts at Citigroup Inc. from $48.00 to $75.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Rubrik had its price target raised by analysts at Guggenheim from $52.00 to $72.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Rubrik had its price target raised by analysts at Truist Financial Co. from $50.00 to $75.00. They now have a “buy” rating on the stock.
• 12/5/2024 – Rubrik had its price target raised by analysts at Robert W. Baird from $48.00 to $55.00. They now have an “outperform” rating on the stock.
• 11/22/2024 – Rubrik had its price target raised by analysts at KeyCorp from $48.00 to $57.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Rubrik was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating.
• 11/20/2024 – Rubrik had its price target raised by analysts at Barclays PLC from $42.00 to $51.00. They now have an “overweight” rating on the stock.
• 11/19/2024 – Rubrik had its price target raised by analysts at Guggenheim from $48.00 to $52.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Rubrik had its price target raised by analysts at Truist Financial Co. from $43.00 to $50.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Rubrik is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating on the stock.
• 10/31/2024 – Rubrik had its price target raised by analysts at Robert W. Baird from $42.00 to $48.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Rubrik had its price target raised by analysts at Wedbush from $44.00 to $48.00. They now have an “outperform” rating on the stock.

Rubrik Price Performance

RBRK stock traded down $2.76 during trading on Friday, hitting $71.43. The company had a trading volume of 3,085,285 shares, compared to its average volume of 1,650,148. The company has a fifty day moving average price of $45.77 and a two-hundred day moving average price of $37.20. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $74.99.

Rubrik (NYSE:RBRK) last posted its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The firm had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. On average, analysts expect that Rubrik, Inc. will post -7.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction dated 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 owns 437,545 shares of the company’s stock, valued at approximately $13,673,281.25. This trade represents a 5.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Barry Eggers sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the completion of the transaction, the insider now directly owns 56,736 shares in the company, valued at approximately $1,857,536.64. The trade was a 63.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 560,779 shares of company stock valued at $22,317,557.

Institutional Investors Weigh In On Rubrik

Several large investors have recently bought and sold shares of the company. Dragoneer Investment Group LLC bought a new stake in Rubrik during the 2nd quarter worth approximately $47,523,000. Champlain Investment Partners LLC acquired a new position in shares of Rubrik in the third quarter valued at approximately $44,418,000. Point72 Asset Management L.P. acquired a new position in shares of Rubrik in the third quarter valued at approximately $42,247,000. PointState Capital LP bought a new stake in shares of Rubrik during the third quarter worth $40,466,000. Finally, Institutional Venture Management XV LLC lifted its position in Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock valued at $37,378,000 after acquiring an additional 1,131,360 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

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.