Rubrik, Inc. (NYSE:RBRK) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Rubrik, Inc. (NYSE:RBRK - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-one analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $65.33.

A number of equities research analysts have recently commented on RBRK shares. Wells Fargo & Company raised their target price on Rubrik from $40.00 to $76.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. KeyCorp raised their target price on shares of Rubrik from $75.00 to $87.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Truist Financial raised their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Piper Sandler raised their price target on shares of Rubrik from $72.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Finally, Rosenblatt Securities assumed coverage on shares of Rubrik in a report on Tuesday, December 17th. They set a "neutral" rating and a $77.00 price target for the company.

Insider Buying and Selling

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the executive now owns 337,545 shares in the company, valued at approximately $16,877,250. The trade was a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Yvonne Wassenaar sold 2,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the transaction, the director now owns 153 shares of the company's stock, valued at approximately $11,828.43. The trade was a 94.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 612,134 shares of company stock worth $40,504,626.

Hedge Funds Weigh In On Rubrik

Several large investors have recently bought and sold shares of RBRK. Brown Brothers Harriman & Co. acquired a new position in Rubrik in the third quarter valued at $25,000. Russell Investments Group Ltd. acquired a new position in Rubrik in the fourth quarter valued at $28,000. Global Retirement Partners LLC boosted its stake in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Nemes Rush Group LLC acquired a new position in Rubrik in the fourth quarter valued at $39,000. Finally, Point72 Hong Kong Ltd acquired a new position in Rubrik in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Price Performance

Shares of NYSE:RBRK traded down $2.56 during trading on Wednesday, reaching $69.67. 1,928,395 shares of the company's stock traded hands, compared to its average volume of 2,115,052. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The company has a 50-day simple moving average of $70.41 and a 200-day simple moving average of $50.36.

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.