Rubrik (NYSE:RBRK) Price Target Raised to $48.00 at Robert W. Baird

Rubrik (NYSE:RBRK - Free Report) had its price target boosted by Robert W. Baird from $42.00 to $48.00 in a research note released on Thursday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on RBRK. Truist Financial restated a "buy" rating and issued a $43.00 target price on shares of Rubrik in a research report on Tuesday, September 10th. FBN Securities started coverage on shares of Rubrik in a research note on Monday, September 30th. They set an "outperform" rating and a $40.00 target price on the stock. CIBC boosted their target price on shares of Rubrik from $50.00 to $52.00 and gave the company an "outperformer" rating in a research note on Tuesday, September 10th. Baird R W raised shares of Rubrik to a "strong-buy" rating in a research note on Monday, July 15th. Finally, Piper Sandler assumed coverage on shares of Rubrik in a research report on Monday, August 19th. They set an "overweight" rating and a $42.00 target price on the stock. Sixteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Rubrik currently has a consensus rating of "Buy" and an average price target of $45.00.

Rubrik Trading Down 3.6 %

Rubrik stock traded down $1.55 during midday trading on Thursday, reaching $41.05. The stock had a trading volume of 864,993 shares, compared to its average volume of 1,519,256. Rubrik has a twelve month low of $28.34 and a twelve month high of $43.95. The firm has a 50-day moving average price of $34.95.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. As a group, sell-side analysts predict that Rubrik will post -7.94 EPS for the current year.

Insiders Place Their Bets

In other news, Director Ravi Mhatre sold 15,933 shares of Rubrik stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total transaction of $481,017.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of Rubrik stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 7,583 shares of the business's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $40.14, for a total transaction of $304,381.62. Following the completion of the sale, the chief financial officer now directly owns 438,560 shares in the company, valued at approximately $17,603,798.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 391,412 shares of company stock worth $13,162,625.

Institutional Investors Weigh In On Rubrik

A number of institutional investors have recently made changes to their positions in the business. Quent Capital LLC bought a new position in shares of Rubrik in the 3rd quarter worth about $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik in the 3rd quarter worth approximately $208,000. Register Financial Advisors LLC bought a new position in shares of Rubrik in the 2nd quarter worth approximately $227,000. Sei Investments Co. bought a new stake in Rubrik during the 2nd quarter worth approximately $235,000. Finally, PFG Investments LLC bought a new stake in Rubrik during the 2nd quarter worth approximately $242,000.

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.