Rubrik, Inc. (NYSE:RBRK) Receives $64.67 Average PT from Brokerages

Rubrik, Inc. (NYSE:RBRK) has been assigned a consensus recommendation of “Buy” from the twenty analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $64.67.

A number of research firms have weighed in on RBRK. Mizuho upped their price target on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Oppenheimer began coverage on Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. Citigroup upped 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. KeyCorp upped their target price on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Robert W. Baird upped their target price on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th.

Rubrik Stock Up 1.6 %

NYSE RBRK opened at $74.33 on Friday. Rubrik has a 1-year low of $28.34 and a 1-year high of $75.79. The business’s 50-day simple moving average is $64.44 and its 200-day simple moving average is $45.93.

Insiders Place Their Bets

In other news, CFO Kiran Kumar Choudary sold 7,330 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $45.04, for a total value of $330,143.20. Following the completion of the transaction, the chief financial officer now owns 398,830 shares of the company’s stock, valued at approximately $17,963,303.20. This represents a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.39, for a total value of $1,034,750.00. Following the transaction, the executive now directly owns 387,545 shares of the company’s stock, valued at $16,040,487.55. This represents a 6.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 594,255 shares of company stock valued at $37,016,628 over the last three months.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Rubrik in the 3rd quarter valued at $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Rubrik in the 4th quarter valued at $70,000. KBC Group NV acquired a new position in shares of Rubrik in the 3rd quarter valued at $72,000. Quent Capital LLC acquired a new position in shares of Rubrik in the 3rd quarter valued at $192,000. Finally, Shikiar Asset Management Inc. acquired a new position in shares of Rubrik in the 4th quarter valued at $203,000. Institutional investors own 49.54% of the company’s stock.

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.