Rubrik, Inc. (NYSE:RBRK – Get Free Report) has received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $100.38.
RBRK has been the topic of a number of recent research reports. Roth Capital lifted their target price on Rubrik from $97.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, June 6th. Truist Financial lifted their target price on Rubrik from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 6th. BMO Capital Markets restated an “outperform” rating and issued a $110.00 target price (up from $77.00) on shares of Rubrik in a report on Friday, June 6th. Cantor Fitzgerald lifted their target price on Rubrik from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, June 6th. Finally, UBS Group restated a “buy” rating on shares of Rubrik in a report on Friday, June 6th.
Read Our Latest Stock Report on Rubrik
Rubrik Stock Performance
Rubrik (NYSE:RBRK – Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates 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. The firm’s quarterly 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. On average, equities research analysts forecast that Rubrik will post -7.66 EPS for the current fiscal year.
Insider Activity at Rubrik
In related news, Director Enrique T. Salem sold 700,000 shares of Rubrik stock in a transaction on Friday, June 13th. The stock was sold at an average price of $91.09, for a total transaction of $63,763,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Arvind Nithrakashyap sold 43,128 shares of Rubrik stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $88.56, for a total value of $3,819,415.68. Following the sale, the chief technology officer now directly owns 38,122 shares of the company’s stock, valued at approximately $3,376,084.32. The trade was a 53.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,266,728 shares of company stock valued at $109,769,140. Insiders own 32.38% of the company’s stock.
Institutional Trading of Rubrik
Several large investors have recently made changes to their positions in RBRK. Rhumbline Advisers bought a new stake in shares of Rubrik during the 4th quarter worth about $64,000. Global Retirement Partners LLC boosted its stake in shares of Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after acquiring an additional 500 shares in the last quarter. Versor Investments LP bought a new stake in shares of Rubrik during the 4th quarter worth about $648,000. Dynasty Wealth Management LLC bought a new stake in shares of Rubrik during the 4th quarter worth about $291,000. Finally, US Bancorp DE boosted its stake in shares of Rubrik by 1,329.9% during the 4th quarter. US Bancorp DE now owns 19,547 shares of the company’s stock worth $1,278,000 after acquiring an additional 18,180 shares in the last quarter. Institutional investors 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.
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