Rubrik, Inc. (NYSE:RBRK) Receives Average Recommendation of "Buy" from Brokerages

Shares of Rubrik, Inc. (NYSE:RBRK - Get Free Report) have been assigned an average rating of "Buy" from the twenty-one ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $70.00.

RBRK has been the subject of several research analyst reports. William Blair began coverage on shares of Rubrik in a report on Friday, February 7th. They issued a "market perform" rating for the company. Cantor Fitzgerald restated an "overweight" rating and issued a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. KeyCorp cut their price objective on Rubrik from $87.00 to $82.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. BMO Capital Markets boosted their target price on Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Finally, Guggenheim increased their price target on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday.

Insider Buying and Selling at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 65,517 shares of the firm's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $66.06, for a total value of $4,328,053.02. Following the completion of the sale, the executive now directly owns 406,043 shares of the company's stock, valued at $26,823,200.58. This trade represents a 13.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the business's stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $68.03, for a total transaction of $122,454.00. Following the completion of the sale, the chief financial officer now directly owns 343,774 shares in the company, valued at $23,386,945.22. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 618,254 shares of company stock worth $40,985,299 over the last three months.

Remove Ads

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in shares of Rubrik by 22.1% in the 4th quarter. California State Teachers Retirement System now owns 56,279 shares of the company's stock valued at $3,678,000 after acquiring an additional 10,191 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Rubrik during the fourth quarter worth $115,000. PharVision Advisers LLC purchased a new position in Rubrik during the fourth quarter worth about $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Rubrik by 168.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after buying an additional 418,457 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Rubrik during the 4th quarter worth $85,331,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Stock Performance

RBRK traded up $1.03 during trading on Friday, reaching $71.04. The company's stock had a trading volume of 1,813,266 shares, compared to its average volume of 2,168,233. The company's fifty day moving average price is $68.43 and its 200-day moving average price is $54.29. The company has a market capitalization of $13.16 billion and a price-to-earnings ratio of -5.16. Rubrik has a 52-week low of $28.34 and a 52-week high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same quarter last year, the business posted ($1.59) EPS. The company's quarterly revenue was up 47.5% compared to the same quarter last year. Equities analysts predict that Rubrik will post -7.66 earnings per share for the current year.

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.