Analysts Set Rubrik, Inc. (NYSE:RBRK) Target Price at $65.33

Rubrik, Inc. (NYSE:RBRK) has earned an average rating of “Moderate Buy” from the twenty-one analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $65.33.

Several equities analysts have recently weighed in on the company. Truist Financial raised their price objective on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. William Blair assumed coverage on Rubrik in a report on Friday, February 7th. They issued a “market perform” rating for the company. Citigroup lifted their price target on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Cantor Fitzgerald lifted their price target on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, KeyCorp lifted their price target on Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $50.38, for a total value of $90,684.00. Following the completion of the sale, the chief financial officer now directly owns 373,760 shares in the company, valued at approximately $18,830,028.80. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the sale, the director now owns 153 shares of the company’s stock, valued at approximately $10,342.80. The trade was a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 612,134 shares of company stock worth $40,504,626 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RBRK. Brown Brothers Harriman & Co. acquired a new position in Rubrik during the third quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new position in Rubrik during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC raised its position in 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. Nemes Rush Group LLC acquired a new position in Rubrik during the fourth quarter valued at approximately $39,000. Finally, Point72 Hong Kong Ltd acquired a new position in Rubrik during the fourth quarter valued at approximately $47,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $69.67 on Wednesday. The business has a 50-day moving average of $70.36 and a 200-day moving average of $50.63. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $80.00.

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.