Mizuho Raises Rubrik (NYSE:RBRK) Price Target to $82.00

Rubrik (NYSE:RBRK) had its price objective upped by Mizuho from $75.00 to $82.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued research reports about the company. BMO Capital Markets boosted their price target on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird boosted their target price on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Citigroup increased their target price on shares of Rubrik from $48.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. KeyCorp boosted their price target on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Truist Financial raised their price objective on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $63.50.

Rubrik Stock Performance

Shares of RBRK opened at $72.95 on Tuesday. Rubrik has a 12 month low of $28.34 and a 12 month high of $75.79. The company has a 50-day moving average price of $47.40 and a two-hundred day moving average price of $37.86.

Insider Buying and Selling

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $64.37, for a total value of $1,609,250.00. Following the transaction, the executive now owns 312,545 shares of the company’s stock, valued at $20,118,521.65. This represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,500 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $39.40, for a total value of $59,100.00. Following the completion of the transaction, the chief financial officer now owns 423,060 shares in the company, valued at $16,668,564. This represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 560,779 shares of company stock worth $22,317,557 over the last three months.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new position in shares of Rubrik during the 3rd quarter worth about $25,000. KBC Group NV acquired a new stake in shares of Rubrik in the 3rd quarter valued at approximately $72,000. Quent Capital LLC bought a new position in Rubrik during the 3rd quarter worth approximately $192,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik during the third quarter valued at approximately $208,000. Finally, Sei Investments Co. bought a new stake in Rubrik in the second quarter valued at approximately $235,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

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.