Analysts Set Rubrik, Inc. (NYSE:RBRK) Price Target at $77.69

Rubrik, Inc. (NYSE:RBRK - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nineteen research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $77.69.

RBRK has been the subject of several recent research reports. Robert W. Baird lowered their target price on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Piper Sandler lowered their target price on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. William Blair started coverage on shares of Rubrik in a research note on Friday, February 7th. They set a "market perform" rating for the company. Guggenheim reissued a "buy" rating and set a $105.00 price target (up previously from $80.00) on shares of Rubrik in a report on Wednesday. Finally, Cantor Fitzgerald boosted their price target on shares of Rubrik from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, May 15th.

Rubrik Price Performance

Shares of RBRK stock traded up $0.09 on Friday, hitting $95.47. 4,589,500 shares of the stock traded hands, compared to its average volume of 2,096,130. The company's fifty day moving average is $71.84 and its 200 day moving average is $67.37. Rubrik has a 1-year low of $28.34 and a 1-year high of $97.76. The company has a market capitalization of $18.12 billion and a PE ratio of -6.93.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to analysts' expectations of $233.13 million. During the same period last year, the firm posted ($1.59) EPS. Rubrik's revenue was up 47.5% compared to the same quarter last year. As a group, equities research analysts expect that Rubrik will post -7.66 EPS for the current year.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,485 shares of Rubrik stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $63.77, for a total value of $2,071,568.45. Following the transaction, the chief technology officer now directly owns 219,279 shares of the company's stock, valued at $13,983,421.83. 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 2,000 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $62.03, for a total transaction of $124,060.00. Following the completion of the sale, the chief financial officer now owns 614,798 shares in the company, valued at $38,135,919.94. This represents a 0.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 630,617 shares of company stock worth $43,678,208. Corporate insiders own 32.38% of the company's stock.

Institutional Trading of Rubrik

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Rubrik in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. bought a new stake in Rubrik in the first quarter valued at about $30,000. Summit Securities Group LLC acquired a new position in Rubrik in the first quarter worth about $31,000. Global Retirement Partners LLC lifted its stake in Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares during the period. Finally, Comerica Bank lifted its stake in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after purchasing an additional 395 shares during the period. 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.