Rubrik (NYSE:RBRK) Shares Up 1.8% - Should You Buy?

Shares of Rubrik, Inc. (NYSE:RBRK - Get Free Report) rose 1.8% during mid-day trading on Friday . The stock traded as high as $73.48 and last traded at $72.36. Approximately 390,835 shares were traded during trading, a decline of 84% from the average daily volume of 2,396,680 shares. The stock had previously closed at $71.11.

Analyst Upgrades and Downgrades

A number of research firms have commented on RBRK. Guggenheim lifted their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Wedbush lifted their price target on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, March 14th. KeyCorp dropped their price objective on shares of Rubrik from $82.00 to $76.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities upgraded Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target on the stock in a research report on Wednesday, March 12th. Finally, Citigroup boosted their price objective on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $68.83.

Rubrik Price Performance

The company has a fifty day moving average price of $63.41 and a two-hundred day moving average price of $61.78. The firm has a market cap of $14.09 billion and a price-to-earnings ratio of -5.39.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same period last year, the business posted ($1.59) EPS. The company's quarterly revenue was up 47.5% on a year-over-year basis. On average, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total transaction of $124,060.00. Following the sale, the chief financial officer now owns 614,798 shares in the company, valued at $38,135,919.94. The trade was a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $71.45, for a total value of $643,693.05. Following the completion of the sale, the director now directly owns 998 shares of the company's stock, valued at approximately $71,307.10. This trade represents a 90.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 506,634 shares of company stock worth $33,523,839.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in shares of Rubrik in the fourth quarter worth $28,000. Global Retirement Partners LLC increased its position in 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 purchasing an additional 500 shares during the last quarter. Nemes Rush Group LLC acquired a new position in Rubrik in the 4th quarter worth about $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Rubrik during the 4th quarter worth about $47,000. Finally, Quarry LP acquired a new stake in shares of Rubrik during the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 49.54% of the company's stock.

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.