Rubrik, Inc. (NYSE:RBRK – Get Free Report) saw strong trading volume on Friday after Piper Sandler raised their price target on the stock from $83.00 to $87.00. Piper Sandler currently has an overweight rating on the stock. 2,422,237 shares changed hands during trading, an increase of 28% from the previous session’s volume of 1,891,406 shares.The stock last traded at $69.86 and had previously closed at $55.28.
A number of other equities analysts have also weighed in on RBRK. BMO Capital Markets upped their price target on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $85.00 target price on shares of Rubrik in a research note on Friday. KeyCorp increased their price target on Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Citigroup raised their price target on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Rubrik in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Rubrik presently has an average rating of “Buy” and an average price target of $70.06.
View Our Latest Stock Analysis on Rubrik
Insider Buying and Selling at Rubrik
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik in the 3rd quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in shares of Rubrik during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC grew its stake in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in shares of Rubrik in the fourth quarter worth approximately $39,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Rubrik during the 4th quarter worth approximately $47,000. 49.54% of the stock is owned by hedge funds and other institutional investors.
Rubrik Trading Up 26.4 %
The stock has a 50 day moving average of $68.42 and a 200-day moving average of $53.26.
Rubrik (NYSE:RBRK – Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $233.13 million. The company’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same period in the prior year, the company earned ($1.59) earnings per share. On average, analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Rubrik
- Learn Technical Analysis Skills to Master the Stock Market
- Market Momentum Shifts, But These 3 Stocks Are Built to Last
- What is MarketRankâ„¢? How to Use it
- D-Wave Quantum Stock Jumps on “Quantum Supremacy” News
- About the Markup Calculator
- How Taiwan Semiconductor’s U.S. Move Could Shift Chipmaking
Receive News & Ratings for Rubrik Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rubrik and related companies with MarketBeat.com's FREE daily email newsletter.