Rubrik (RBRK) Expected to Announce Quarterly Earnings on Thursday

Rubrik (NYSE:RBRK - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Thursday, March 13th. Analysts expect Rubrik to post earnings of ($0.39) per share and revenue of $233.13 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Rubrik Stock Up 4.2 %

Rubrik stock traded up $2.18 during trading hours on Tuesday, hitting $54.02. 2,295,787 shares of the company traded hands, compared to its average volume of 2,030,387. The firm's 50-day simple moving average is $68.59 and its two-hundred day simple moving average is $53.23. Rubrik has a 1-year low of $28.34 and a 1-year high of $80.00.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Oppenheimer started coverage on shares of Rubrik in a research report on Wednesday, November 13th. They issued a "market perform" rating on the stock. Mizuho raised their price objective on Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. William Blair began coverage on Rubrik in a research report on Friday, February 7th. They set a "market perform" rating on the stock. Truist Financial lifted their price target on Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Citigroup upped their price objective on shares of Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Rubrik has a consensus rating of "Moderate Buy" and an average price target of $65.56.

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Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,484 shares of Rubrik stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $61.59, for a total value of $2,000,689.56. Following the transaction, the chief technology officer now directly owns 219,279 shares of the company's stock, valued at $13,505,393.61. The trade was a 12.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the company'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 of the company's stock, valued at approximately $23,848,552. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 627,512 shares of company stock worth $41,708,771.

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.