Rubrik, Inc. (NYSE:RBRK - Get Free Report) shares traded up 3.7% on Friday after Wedbush raised their price target on the stock from $80.00 to $120.00. Wedbush currently has an outperform rating on the stock. Rubrik traded as high as $92.33 and last traded at $92.05. 1,737,944 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 2,226,130 shares. The stock had previously closed at $88.74.
Several other equities analysts also recently commented on RBRK. Rosenblatt Securities upped their price target on shares of Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. CIBC increased their price objective on shares of Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a research note on Monday. UBS Group reiterated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Wells Fargo & Company increased their price objective on shares of Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Finally, Roth Capital increased their price objective on shares of Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $100.38.
Read Our Latest Analysis on RBRK
Insider Transactions at Rubrik
In other news, Director Yvonne Wassenaar sold 3,000 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $70.03, for a total value of $210,090.00. Following the completion of the sale, the director now owns 153 shares in the company, valued at $10,714.59. This represents a 95.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total transaction of $124,060.00. Following the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 666,109 shares of company stock valued at $51,521,543 in the last quarter. 32.38% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in RBRK. Russell Investments Group Ltd. bought a new stake in Rubrik in the fourth quarter worth about $28,000. PNC Financial Services Group Inc. bought a new stake in Rubrik in the first quarter worth about $30,000. Global Retirement Partners LLC raised its position in Rubrik by 8,333.3% in the fourth 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. Summit Securities Group LLC bought a new stake in Rubrik in the first quarter worth about $31,000. Finally, Comerica Bank raised its position in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after acquiring an additional 395 shares during the period. 49.54% of the stock is owned by institutional investors.
Rubrik Stock Up 1.6%
The firm has a market cap of $17.10 billion, a P/E ratio of -31.85 and a beta of 0.87. The firm's 50-day simple moving average is $78.75 and its 200 day simple moving average is $70.64.
Rubrik (NYSE:RBRK - Get Free Report) last announced 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 company had revenue of $278.48 million during the quarter, compared to the consensus estimate of $260.39 million. The business's revenue was up 48.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.58) EPS. As a group, analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.
About Rubrik
(
Get Free Report)
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.
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