Rubrik, Inc. (NYSE:RBRK) Receives $100.38 Consensus PT from Analysts

Shares of Rubrik, Inc. (NYSE:RBRK) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $100.3750.

Several research firms have recently weighed in on RBRK. CIBC boosted their target price on Rubrik from $110.00 to $125.00 and gave the company an “outperformer” rating in a report on Monday, June 9th. KeyCorp restated an “overweight” rating and issued a $113.00 price target (up previously from $98.00) on shares of Rubrik in a research report on Friday, June 6th. UBS Group restated a “buy” rating on shares of Rubrik in a research report on Friday, June 6th. Oppenheimer restated a “market perform” rating on shares of Rubrik in a research report on Friday, June 6th. Finally, Wall Street Zen upgraded Rubrik from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th.

Rubrik Trading Up 1.6%

NYSE:RBRK opened at $85.76 on Wednesday. The firm has a market cap of $16.59 billion, a PE ratio of -30.30 and a beta of 0.45. The stock has a fifty day moving average price of $88.28 and a 200 day moving average price of $77.67. Rubrik has a 12-month low of $29.18 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.17. The business had revenue of $278.48 million for the quarter, compared to analysts’ expectations of $260.39 million. The firm’s quarterly revenue was up 48.7% on a year-over-year basis. During the same period last year, the firm earned ($1.58) earnings per share. Equities analysts forecast that Rubrik will post -7.66 EPS for the current year.

Insider Buying and Selling at Rubrik

In other news, Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $87.29, for a total transaction of $786,395.61. Following the completion of the sale, the director directly owned 998 shares in the company, valued at $87,115.42. This represents a 90.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CRO Brian K. Mccarthy sold 12,500 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $87.29, for a total value of $1,091,125.00. Following the sale, the executive owned 418,552 shares of the company’s stock, valued at approximately $36,535,404.08. The trade was a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,080,047 shares of company stock worth $99,115,944. 32.38% of the stock is currently owned by company insiders.

Institutional Trading of Rubrik

Several large investors have recently added to or reduced their stakes in RBRK. Rakuten Securities Inc. boosted its position in Rubrik by 611.7% in the 2nd quarter. Rakuten Securities Inc. now owns 10,163 shares of the company’s stock valued at $911,000 after buying an additional 8,735 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in Rubrik by 25.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 137,979 shares of the company’s stock valued at $12,362,000 after buying an additional 27,679 shares during the last quarter. E Fund Management Co. Ltd. purchased a new position in Rubrik in the 2nd quarter valued at about $1,140,000. Vident Advisory LLC purchased a new position in Rubrik in the 2nd quarter valued at about $235,000. Finally, Tidal Investments LLC purchased a new position in Rubrik in the 2nd quarter valued at about $593,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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.