Rubrik (RBRK) Expected to Announce Quarterly Earnings on Thursday

Rubrik (NYSE:RBRK - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.39) per share and revenue of $233.13 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Rubrik Stock Performance

RBRK traded down $1.16 during trading on Friday, reaching $57.43. 2,306,736 shares of the company were exchanged, compared to its average volume of 2,013,971. The company's 50-day moving average is $69.14 and its two-hundred day moving average is $52.87. Rubrik has a 12-month low of $28.34 and a 12-month high of $80.00.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RBRK shares. Robert W. Baird increased their price objective on Rubrik from $48.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Rosenblatt Securities started coverage on Rubrik in a report on Tuesday, December 17th. They issued a "neutral" rating and a $77.00 price target on the stock. Piper Sandler raised their price target on Rubrik from $72.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. William Blair started coverage on Rubrik in a report on Friday, February 7th. They issued a "market perform" rating on the stock. Finally, Wells Fargo & Company raised their price target on Rubrik from $40.00 to $76.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $65.56.

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Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 32,484 shares of the firm's stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 219,279 shares in the company, valued at $13,505,393.61. This trade represents a 12.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $69.70, for a total value of $125,460.00. Following the transaction, the chief financial officer now owns 342,160 shares in the company, valued at approximately $23,848,552. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 627,512 shares of company stock worth $41,708,771 in the last ninety days.

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.