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

Shares of Rubrik, Inc. (NYSE:RBRK) have been given an average rating of “Buy” by the twenty brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $64.11.

A number of analysts have recently issued reports on the company. Guggenheim lifted their target price on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. KeyCorp upped their target price on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird raised their price target on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Truist Financial lifted their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Rosenblatt Securities started coverage on shares of Rubrik in a research note on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price objective on the stock.

Rubrik Trading Down 0.1 %

Shares of RBRK stock opened at $68.27 on Tuesday. The company’s fifty day moving average price is $52.77 and its two-hundred day moving average price is $40.11. Rubrik has a 12 month low of $28.34 and a 12 month high of $75.79.

Insiders Place Their Bets

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $40.00, for a total value of $1,000,000.00. Following the sale, the executive now directly owns 412,545 shares in the company, valued at $16,501,800. This trade represents a 5.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 7,583 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $40.14, for a total value of $304,381.62. Following the transaction, the chief financial officer now owns 438,560 shares of the company’s stock, valued at $17,603,798.40. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,441 shares of company stock valued at $15,823,512 over the last three months.

Hedge Funds Weigh In On Rubrik

Large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Rubrik in the 2nd quarter worth approximately $503,000. Natixis Advisors LLC bought a new position in Rubrik during the 2nd quarter valued at $406,000. Roubaix Capital LLC bought a new position in Rubrik during the 2nd quarter valued at $2,115,000. Liberty Street Advisors Inc. acquired a new position in shares of Rubrik during the 2nd quarter valued at $4,117,000. Finally, PFG Investments LLC bought a new stake in shares of Rubrik in the 2nd quarter worth $242,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

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.