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

Shares of Rubrik, Inc. (NYSE:RBRK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $100.38.

A number of brokerages recently weighed in on RBRK. KeyCorp reissued an "overweight" rating and issued a $113.00 price target (up from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Truist Financial increased their price target on shares of Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Cantor Fitzgerald lifted their price target on shares of Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Mizuho downgraded shares of Rubrik from an "outperform" rating to a "neutral" rating and boosted their price target for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. Finally, Oppenheimer reissued a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th.

Rubrik Price Performance

Shares of Rubrik stock traded down $2.69 during midday trading on Friday, reaching $83.84. The company had a trading volume of 2,930,992 shares, compared to its average volume of 2,609,052. The stock has a fifty day moving average price of $89.61 and a 200 day moving average price of $74.93. Rubrik has a fifty-two week low of $28.60 and a fifty-two week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.17. The firm had revenue of $278.48 million during the quarter, compared to the consensus estimate of $260.39 million. During the same period in the previous year, the firm earned ($1.58) EPS. The business's revenue was up 48.7% on a year-over-year basis. As a group, 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 43,128 shares of Rubrik stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $88.56, for a total transaction of $3,819,415.68. Following the transaction, the chief technology officer directly owned 38,122 shares in the company, valued at approximately $3,376,084.32. The trade was a 53.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kiran Kumar Choudary sold 30,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $100.24, for a total transaction of $3,007,200.00. Following the transaction, the chief financial officer directly owned 521,665 shares of the company's stock, valued at approximately $52,291,699.60. This represents a 5.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,229,515 shares of company stock valued at $109,999,877. 32.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new stake in shares of Rubrik during the 4th quarter worth approximately $464,000. Raymond James Financial Inc. bought a new position in Rubrik during the fourth quarter worth $11,462,000. HighTower Advisors LLC bought a new position in shares of Rubrik in the fourth quarter valued at $1,495,000. Swiss National Bank lifted its stake in shares of Rubrik by 24.5% in the fourth quarter. Swiss National Bank now owns 128,400 shares of the company's stock valued at $8,392,000 after buying an additional 25,300 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Rubrik by 18.9% in the fourth quarter. Natixis Advisors LLC now owns 63,362 shares of the company's stock valued at $4,141,000 after purchasing an additional 10,091 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

About Rubrik

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.