Rubrik, Inc. (NYSE:RBRK) Receives $64.11 Consensus PT from Analysts

Rubrik, Inc. (NYSE:RBRK) has received an average recommendation of “Buy” from the twenty analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $64.11.

RBRK has been the subject of several recent research reports. Robert W. Baird upped their target price on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Mizuho increased their target price on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. BMO Capital Markets raised their target price on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Cantor Fitzgerald upped their price target on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Piper Sandler boosted their price objective on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, December 19th.

Insider Transactions at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the executive now directly owns 412,545 shares in the company, valued at $16,501,800. This represents a 5.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 1,500 shares of Rubrik stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $39.40, for a total value of $59,100.00. Following the completion of the sale, the chief financial officer now directly owns 423,060 shares in the company, valued at approximately $16,668,564. This represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,241 shares of company stock valued at $17,618,308 in the last ninety days.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently made changes to their positions in RBRK. Janus Henderson Group PLC grew its stake in shares of Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after buying an additional 23,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Rubrik in the third quarter valued at $323,000. Diversified Trust Co bought a new position in shares of Rubrik in the 3rd quarter valued at about $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Rubrik by 24.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after purchasing an additional 49,372 shares during the last quarter. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of Rubrik in the 2nd quarter valued at about $2,606,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

RBRK opened at $66.90 on Tuesday. The firm has a 50 day simple moving average of $55.55 and a 200 day simple moving average of $41.28. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $75.79.

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.