Rubrik (NYSE:RBRK) Stock Price Expected to Rise, KeyCorp Analyst Says

Rubrik (NYSE:RBRK - Get Free Report) had its price target increased by investment analysts at KeyCorp from $75.00 to $87.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's price objective indicates a potential upside of 11.78% from the company's previous close.

Other analysts have also issued research reports about the stock. Citigroup lifted their price objective on shares of Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Truist Financial upped their price target on Rubrik from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Guggenheim boosted their target price on Rubrik from $52.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Wedbush increased their target price on Rubrik from $44.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Finally, William Blair initiated coverage on shares of Rubrik in a report on Friday, February 7th. They set a "market perform" rating on the stock. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $65.33.

Rubrik Trading Down 1.1 %

RBRK stock traded down $0.89 during trading on Tuesday, reaching $77.83. The stock had a trading volume of 878,179 shares, compared to its average volume of 2,106,856. Rubrik has a one year low of $28.34 and a one year high of $80.00. The company's 50 day moving average is $69.78 and its two-hundred day moving average is $48.93.

Insider Activity

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $50.38, for a total value of $1,259,500.00. Following the completion of the transaction, the executive now owns 362,545 shares of the company's stock, valued at approximately $18,265,017.10. The trade was a 6.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $74.85, for a total transaction of $2,431,502.25. Following the transaction, the chief technology officer now owns 219,279 shares in the company, valued at $16,413,033.15. This represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 646,434 shares of company stock worth $42,154,951.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Mission Creek Capital Partners Inc. purchased a new stake in Rubrik in the fourth quarter worth approximately $1,723,000. Nebula Research & Development LLC purchased a new position in shares of Rubrik in the 4th quarter worth $479,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Rubrik by 685.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 240,188 shares of the company's stock worth $15,700,000 after acquiring an additional 209,617 shares during the period. Quantessence Capital LLC purchased a new stake in Rubrik during the fourth quarter valued at $795,000. Finally, Hsbc Holdings PLC purchased a new stake in Rubrik during the fourth quarter valued at $1,927,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

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.