Rubrik, Inc. (NYSE:RBRK) Receives Average Rating of "Buy" from Analysts

Shares of Rubrik, Inc. (NYSE:RBRK - Get Free Report) have received a consensus recommendation of "Buy" from the twenty-two brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $68.83.

Several equities analysts have weighed in on RBRK shares. Piper Sandler lowered their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wedbush lifted their price target on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, March 14th. Robert W. Baird reduced their price objective on Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. BMO Capital Markets lifted their target price on Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, March 14th. Finally, William Blair began coverage on Rubrik in a report on Friday, February 7th. They issued a "market perform" rating on the stock.

Rubrik Stock Up 1.2 %

Shares of NYSE RBRK traded up $0.89 during mid-day trading on Monday, hitting $77.46. 1,309,215 shares of the company traded hands, compared to its average volume of 2,413,301. The business has a 50 day moving average of $64.13 and a two-hundred day moving average of $62.23. The stock has a market capitalization of $14.70 billion and a price-to-earnings ratio of -5.62. Rubrik has a 1 year low of $28.34 and a 1 year high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $233.13 million. The company's quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the previous year, the company earned ($1.59) earnings per share. As a group, research analysts anticipate that Rubrik will post -7.66 EPS for the current year.

Insiders Place Their Bets

In related news, Director Yvonne Wassenaar sold 2,500 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the completion of the transaction, the director now owns 153 shares of the company's stock, valued at approximately $11,828.43. The trade was a 94.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,484 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $75.20, for a total value of $2,442,796.80. Following the completion of the sale, the chief technology officer now directly owns 24,375 shares in the company, valued at $1,833,000. This trade represents a 57.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 546,117 shares of company stock valued at $36,491,888 over the last 90 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Rubrik in the fourth quarter valued at about $28,000. PNC Financial Services Group Inc. bought a new stake in shares of Rubrik in the 1st quarter worth approximately $30,000. Global Retirement Partners LLC lifted its position 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 acquiring an additional 500 shares during the period. Nemes Rush Group LLC acquired a new stake in shares of Rubrik during the 4th quarter worth approximately $39,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Rubrik during the fourth quarter valued at approximately $47,000. 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.