Cantor Fitzgerald Raises Rubrik (NYSE:RBRK) Price Target to $115.00

Rubrik (NYSE:RBRK - Free Report) had its price target lifted by Cantor Fitzgerald from $95.00 to $115.00 in a report published on Friday, MarketBeat.com reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the company. Rosenblatt Securities raised their target price on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research report on Tuesday, April 29th. BMO Capital Markets raised their target price on Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Piper Sandler reduced their target price on Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, KeyCorp raised their target price on Rubrik from $98.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $95.81.

Rubrik Stock Performance

Shares of NYSE:RBRK traded down $0.54 during midday trading on Friday, hitting $98.03. The company's stock had a trading volume of 6,567,499 shares, compared to its average volume of 2,158,002. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of -34.64 and a beta of 0.87. The stock's 50 day simple moving average is $75.32 and its 200 day simple moving average is $69.25. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $105.48.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to the consensus estimate of $260.39 million. During the same period in the prior year, the company posted ($1.58) earnings per share. The firm's revenue was up 48.7% compared to the same quarter last year. As a group, analysts anticipate that Rubrik will post -7.66 EPS for the current year.

Insider Activity

In other Rubrik news, CFO Kiran Kumar Choudary sold 87,971 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the transaction, the chief financial officer now owns 413,458 shares in the company, valued at approximately $28,958,598.32. This trade represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the transaction, the executive now owns 331,043 shares in the company, valued at approximately $23,173,010. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 632,609 shares of company stock worth $47,450,968. 32.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rubrik

Several institutional investors have recently modified their holdings of the business. Amundi lifted its holdings in shares of Rubrik by 0.7% during the 1st quarter. Amundi now owns 37,116 shares of the company's stock valued at $2,132,000 after purchasing an additional 262 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock valued at $76,000 after purchasing an additional 300 shares in the last quarter. Comerica Bank lifted its holdings in shares of Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after purchasing an additional 395 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Rubrik during the 4th quarter valued at about $28,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 49.54% of the company's stock.

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.