Rubrik (NYSE:RBRK) Upgraded to Buy at Wall Street Zen

Rubrik (NYSE:RBRK - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

RBRK has been the topic of a number of other research reports. Rosenblatt Securities lifted their price target on shares of Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday. Truist Financial lifted 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. Guggenheim lifted their price target on shares of Rubrik from $105.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday. William Blair initiated coverage on shares of Rubrik in a research note on Friday, February 7th. They set a "market perform" rating on the stock. Finally, UBS Group reiterated a "buy" rating on shares of Rubrik in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Rubrik presently has an average rating of "Moderate Buy" and an average target price of $95.81.

Rubrik Price Performance

NYSE RBRK opened at $98.03 on Friday. The firm has a market capitalization of $18.60 billion, a price-to-earnings ratio of -34.64 and a beta of 0.87. The company has a 50 day simple moving average of $75.32 and a 200-day simple moving average of $69.25. Rubrik has a 52-week low of $28.34 and a 52-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) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. During the same period in the previous year, the business posted ($1.58) EPS. Rubrik's revenue was up 48.7% compared to the same quarter last year. On average, analysts predict that Rubrik will post -7.66 EPS for the current year.

Insider Activity at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 3,000 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $70.03, for a total value of $210,090.00. Following the transaction, the director now directly owns 153 shares of the company's stock, valued at $10,714.59. This represents a 95.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $62.98, for a total value of $832,154.74. Following the sale, the insider now directly owns 21,221 shares in the company, valued at approximately $1,336,498.58. This trade represents a 38.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 632,609 shares of company stock worth $47,450,968. Company insiders own 32.38% of the company's stock.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently modified their holdings of RBRK. Russell Investments Group Ltd. bought a new stake in shares of Rubrik during the 4th quarter worth $28,000. PNC Financial Services Group Inc. acquired a new stake in shares of Rubrik during the first quarter valued at about $30,000. Summit Securities Group LLC acquired a new stake in shares of Rubrik during the first quarter valued at about $31,000. Global Retirement Partners LLC boosted its stake in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after purchasing an additional 395 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors.

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.

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