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

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

RBRK has been the subject of several other research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $72.00 target price (up previously from $42.00) on shares of Rubrik in a research report on Friday, December 6th. Guggenheim upped 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. Robert W. Baird upped their target price on Rubrik from $48.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Truist Financial increased their price target on Rubrik from $50.00 to $75.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Barclays increased their price target on Rubrik from $51.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $63.50.

Rubrik Price Performance

RBRK stock traded down $2.56 during trading on Tuesday, reaching $72.95. 3,889,494 shares of the stock traded hands, compared to its average volume of 1,693,571. The business's 50 day moving average price is $47.40 and its 200-day moving average price is $37.86. Rubrik has a 52-week low of $28.34 and a 52-week high of $75.79.

Insider Activity at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $31.25, for a total value of $781,250.00. Following the completion of the sale, the executive now owns 437,545 shares of the company's stock, valued at $13,673,281.25. This trade represents a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $69.70, for a total value of $125,460.00. Following the completion of the sale, the chief financial officer now directly owns 342,160 shares of the company's stock, valued at approximately $23,848,552. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 560,779 shares of company stock worth $22,317,557 in the last three months.

Institutional Trading of Rubrik

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in Rubrik during the third quarter valued at about $25,000. KBC Group NV bought a new position in Rubrik during the third quarter valued at about $72,000. Quent Capital LLC bought a new position in Rubrik during the third quarter valued at about $192,000. Mount Yale Investment Advisors LLC bought a new position in Rubrik during the third quarter valued at about $208,000. Finally, Sei Investments Co. bought a new position in Rubrik during the second quarter valued at about $235,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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.