Rubrik, Inc. (NYSE:RBRK) Receives Consensus Rating of "Buy" from Brokerages

Rubrik, Inc. (NYSE:RBRK - Get Free Report) has been assigned a consensus recommendation of "Buy" from the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. Sixteen analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $45.00.

A number of analysts have recently weighed in on RBRK shares. Piper Sandler began coverage on shares of Rubrik in a research note on Monday, August 19th. They issued an "overweight" rating and a $42.00 price objective for the company. Wedbush boosted their price objective on Rubrik from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on shares of Rubrik from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 10th. CIBC raised their price target on shares of Rubrik from $50.00 to $52.00 and gave the stock an "outperformer" rating in a research report on Tuesday, September 10th. Finally, Citigroup raised their price objective on Rubrik from $47.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th.

Rubrik Trading Down 2.5 %

RBRK traded down $1.13 during trading on Monday, reaching $43.63. The company had a trading volume of 522,091 shares, compared to its average volume of 1,494,585. Rubrik has a 12-month low of $28.34 and a 12-month high of $45.88. The company has a 50-day moving average of $36.01.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to analysts' expectations of $195.58 million. On average, research analysts predict that Rubrik will post -7.94 earnings per share for the current year.

Insider Activity at Rubrik

In other news, CFO Kiran Kumar Choudary sold 51,924 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $31.41, for a total transaction of $1,630,932.84. Following the completion of the transaction, the chief financial officer now directly owns 493,360 shares of the company's stock, valued at $15,496,437.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kiran Kumar Choudary sold 51,924 shares of Rubrik stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $31.41, for a total value of $1,630,932.84. Following the sale, the chief financial officer now owns 493,360 shares of the company's stock, valued at approximately $15,496,437.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $41.39, for a total value of $1,034,750.00. Following the transaction, the executive now directly owns 387,545 shares of the company's stock, valued at $16,040,487.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 434,512 shares of company stock worth $14,918,182.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. KBC Group NV bought a new position in Rubrik in the 3rd quarter valued at approximately $72,000. Quent Capital LLC acquired a new stake in shares of Rubrik during the third quarter worth $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik in the 3rd quarter worth about $208,000. Register Financial Advisors LLC acquired a new position in Rubrik in the second quarter valued at approximately $227,000. Finally, Sei Investments Co. bought a new stake in shares of Rubrik in the 2nd quarter valued at $235,000.

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.