Rubrik, Inc. (NYSE:RBRK - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $45.95 and last traded at $45.95, with a volume of 1440 shares. The stock had previously closed at $44.81.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on RBRK. Truist Financial restated a "buy" rating and set a $43.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. Piper Sandler began coverage on shares of Rubrik in a research note on Monday, August 19th. They set an "overweight" rating and a $42.00 price target for the company. Cantor Fitzgerald restated an "overweight" rating and set a $50.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. Citigroup lifted their target price on shares of Rubrik from $47.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Finally, Wedbush boosted their price objective on shares of Rubrik from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. One research analyst has 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 data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $45.00.
View Our Latest Stock Report on Rubrik
Rubrik Price Performance
The firm's 50-day moving average is $36.44 and its 200 day moving average is $34.27.
Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. On average, equities analysts predict that Rubrik, Inc. will post -7.94 earnings per share for the current fiscal year.
Insider Activity at Rubrik
In other Rubrik news, CRO Brian K. Mccarthy sold 104,672 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the sale, the executive now directly owns 462,545 shares of the company's stock, valued at $14,486,909.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Rubrik news, CRO Brian K. Mccarthy sold 104,672 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the sale, the executive now directly owns 462,545 shares of the company's stock, valued at $14,486,909.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ravi Mhatre sold 15,933 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $30.19, for a total transaction of $481,017.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,512 shares of company stock valued at $15,368,662.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new position in shares of Rubrik during the 2nd quarter worth approximately $47,523,000. Champlain Investment Partners LLC acquired a new stake in shares of Rubrik during the 3rd quarter worth approximately $44,418,000. Penserra Capital Management LLC acquired a new stake in shares of Rubrik during the 3rd quarter worth approximately $35,359,000. Clearbridge Investments LLC acquired a new stake in shares of Rubrik during the 2nd quarter worth approximately $32,888,000. Finally, Pathway Capital Management LP acquired a new stake in shares of Rubrik during the 3rd quarter worth approximately $23,527,000.
About Rubrik
(
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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.
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