Rubrik, Inc. (NYSE:RBRK - Get Free Report) was down 7.3% during mid-day trading on Monday . The stock traded as low as $58.84 and last traded at $59.03. Approximately 952,033 shares traded hands during trading, a decline of 52% from the average daily volume of 1,992,379 shares. The stock had previously closed at $63.66.
Analyst Ratings Changes
RBRK has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Wells Fargo & Company raised their price target on shares of Rubrik from $76.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, March 14th. KeyCorp reduced their price objective on Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $85.00 target price on shares of Rubrik in a research note on Friday, March 14th. Finally, Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target on the stock in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $70.00.
Read Our Latest Research Report on RBRK
Rubrik Price Performance
The company has a fifty day moving average price of $68.74 and a two-hundred day moving average price of $56.78. The company has a market capitalization of $11.95 billion and a P/E ratio of -4.57.
Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. The company's revenue was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.59) EPS. As a group, sell-side analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Yvonne Wassenaar sold 2,500 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the sale, the director now owns 153 shares in the company, valued at approximately $10,342.80. This represents a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $60.22, for a total value of $1,505,500.00. Following the transaction, the executive now owns 579,217 shares in the company, valued at approximately $34,880,447.74. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 817,426 shares of company stock worth $54,693,394.
Institutional Trading of Rubrik
Institutional investors and hedge funds have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC grew its position in Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock worth $683,000 after purchasing an additional 300 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Rubrik in the fourth quarter valued at approximately $28,000. KBC Group NV increased its position in shares of Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after acquiring an additional 430 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after acquiring an additional 500 shares during the period. Finally, Nemes Rush Group LLC bought a new position in Rubrik in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 49.54% of the company's stock.
About Rubrik
(
Get Free Report)
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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