Rubrik (NYSE:RBRK) Releases Quarterly Earnings Results

Rubrik (NYSE:RBRK - Get Free Report) posted its earnings results on Thursday. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22), Zacks reports. The firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same period in the previous year, the firm posted ($1.59) earnings per share. Rubrik's quarterly revenue was up 47.5% compared to the same quarter last year.

Rubrik Trading Up 0.1 %

Rubrik stock traded up $0.04 during midday trading on Monday, reaching $70.68. The stock had a trading volume of 3,310,042 shares, compared to its average volume of 1,917,232. Rubrik has a 12 month low of $28.34 and a 12 month high of $80.00. The firm's 50-day moving average price is $68.27 and its 200 day moving average price is $53.78.

Insiders Place Their Bets

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,484 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $61.59, for a total transaction of $2,000,689.56. Following the sale, the chief technology officer now owns 219,279 shares in the company, valued at $13,505,393.61. This represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the transaction, the director now directly owns 153 shares of the company's stock, valued at $10,342.80. The trade was a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 625,712 shares of company stock worth $41,583,311 over the last quarter.

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Wall Street Analysts Forecast Growth

Several analysts have recently commented on RBRK shares. Truist Financial increased their price objective on Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. KeyCorp lowered their price target on Rubrik from $87.00 to $82.00 and set an "overweight" rating for the company in a research report on Friday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $85.00 price objective on shares of Rubrik in a report on Friday. Wedbush increased their target price on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday. Finally, Citigroup raised their price target on shares of Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $69.78.

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.