Rubrik (NYSE:RBRK) Now Covered by Analysts at Oppenheimer

Oppenheimer assumed coverage on shares of Rubrik (NYSE:RBRK) in a research report report published on Wednesday morning, MarketBeat reports. The firm issued a market perform rating on the stock.

Several other equities analysts have also commented on RBRK. Robert W. Baird increased their price objective on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. FBN Securities initiated coverage on Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 target price for the company. Citigroup boosted their price target on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Truist Financial reissued a “buy” rating and issued a $43.00 price objective on shares of Rubrik in a report on Tuesday, September 10th. Finally, CIBC lifted their target price on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Rubrik has a consensus rating of “Buy” and an average price target of $45.00.

Rubrik Trading Up 0.0 %

NYSE RBRK opened at $44.59 on Wednesday. Rubrik has a 52-week low of $28.34 and a 52-week high of $45.90. The firm’s 50 day moving average price is $36.68 and its 200-day moving average price is $34.34.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The firm had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. As a group, research analysts expect that Rubrik will post -7.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ravi Mhatre sold 15,933 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Ravi Mhatre sold 15,933 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $30.19, for a total transaction of $481,017.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Barry Eggers sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the completion of the sale, the insider now directly owns 56,736 shares in the company, valued at $1,857,536.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 444,512 shares of company stock worth $15,368,662 over the last 90 days.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Rubrik by 24.8% during the third 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 buying an additional 49,372 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rubrik during the third quarter worth approximately $323,000. BNP Paribas Financial Markets purchased a new position in Rubrik in the third quarter valued at approximately $336,000. The Manufacturers Life Insurance Company acquired a new stake in Rubrik during the third quarter worth approximately $265,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Rubrik during the 3rd quarter worth approximately $25,000.

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.