Rubrik, Inc. (NYSE:RBRK - Get Free Report) was the recipient of unusually large options trading on Friday. Traders bought 6,624 call options on the company. This represents an increase of approximately 78% compared to the typical daily volume of 3,712 call options.
Analyst Ratings Changes
RBRK has been the topic of several recent analyst reports. BMO Capital Markets lifted their price target on Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective on the stock in a report on Wednesday, March 12th. Wedbush raised their price objective on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday. KeyCorp cut their target price on Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Mizuho lifted their target price on Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $70.00.
Read Our Latest Research Report on Rubrik
Insiders Place Their Bets
In other Rubrik news, 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 transaction of $169,000.00. Following the transaction, the director now owns 153 shares in the company, valued at $10,342.80. This trade represents a 94.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $74.85, for a total value of $2,431,502.25. Following the transaction, the chief technology officer now owns 219,279 shares in the company, valued at approximately $16,413,033.15. This trade represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 593,254 shares of company stock worth $39,235,299 in the last 90 days.
Institutional Trading of Rubrik
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Brown Brothers Harriman & Co. bought a new stake in Rubrik during the 3rd quarter worth approximately $25,000. Russell Investments Group Ltd. purchased a new position in shares of Rubrik in the 4th quarter worth approximately $28,000. Global Retirement Partners LLC boosted its stake in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares during the last quarter. Nemes Rush Group LLC purchased a new position in shares of Rubrik in the 4th quarter worth approximately $39,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Rubrik in the 4th quarter worth approximately $47,000. 49.54% of the stock is owned by institutional investors.
Rubrik Trading Down 0.8 %
Rubrik stock traded down $0.56 during midday trading on Tuesday, reaching $70.29. The stock had a trading volume of 997,749 shares, compared to its average volume of 2,152,750. Rubrik has a 12 month low of $28.34 and a 12 month high of $80.00. The company has a market capitalization of $13.02 billion and a P/E ratio of -5.10. The company has a fifty day moving average price of $68.32 and a two-hundred day moving average price of $54.04.
Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data 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 business's quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the prior year, the company earned ($1.59) earnings per share. On average, equities research analysts predict that Rubrik will post -7.66 earnings per share for the current fiscal year.
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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