Rubrik, Inc. (NYSE:RBRK) Receives $45.13 Consensus PT from Analysts

Shares of Rubrik, Inc. (NYSE:RBRK - Get Free Report) have received a consensus recommendation of "Buy" from the seventeen analysts that are presently covering the company, MarketBeat reports. Fifteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $45.13.

A number of research firms recently commented on RBRK. BMO Capital Markets upgraded shares of Rubrik from a "market perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Thursday, June 6th. Baird R W raised shares of Rubrik to a "strong-buy" rating in a report on Monday, July 15th. Cantor Fitzgerald reissued an "overweight" rating and issued a $50.00 target price on shares of Rubrik in a research report on Monday, August 19th. Robert W. Baird initiated coverage on Rubrik in a research report on Monday, July 15th. They set an "outperform" rating and a $42.00 price target for the company. Finally, CIBC began coverage on Rubrik in a report on Tuesday, May 21st. They issued an "outperformer" rating and a $50.00 price objective on the stock.

Rubrik Trading Down 3.4 %

Shares of RBRK traded down $1.21 during midday trading on Wednesday, hitting $34.21. 735,899 shares of the company's stock traded hands, compared to its average volume of 1,088,694. Rubrik has a 1 year low of $28.34 and a 1 year high of $40.00. The company's fifty day moving average is $32.98.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Tuesday, June 11th. The company reported ($11.47) EPS for the quarter, missing analysts' consensus estimates of ($10.88) by ($0.59). The business had revenue of $187.32 million during the quarter, compared to the consensus estimate of $171.60 million. As a group, research analysts forecast that Rubrik will post -7.68 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Large investors have recently made changes to their positions in the company. Register Financial Advisors LLC acquired a new position in Rubrik in the 2nd quarter worth about $227,000. Sei Investments Co. acquired a new position in shares of Rubrik during the 2nd quarter worth approximately $235,000. PFG Investments LLC acquired a new stake in Rubrik in the 2nd quarter valued at $242,000. Natixis Advisors LLC purchased a new stake in Rubrik in the 2nd quarter worth $406,000. Finally, Bank of Montreal Can acquired a new position in Rubrik during the second quarter worth $427,000.

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.