Rubrik’s (RBRK) Buy Rating Reaffirmed at Truist Financial

Truist Financial restated their buy rating on shares of Rubrik (NYSE:RBRK) in a research report sent to investors on Tuesday, Benzinga reports. They currently have a $43.00 price target on the stock.

RBRK has been the subject of a number of other research reports. KeyCorp lifted their target price on shares of Rubrik from $46.00 to $48.00 and gave the stock an overweight rating in a report on Wednesday, June 12th. Piper Sandler started coverage on Rubrik in a research note on Monday, August 19th. They issued an overweight rating and a $42.00 target price on the stock. Capital One Financial assumed coverage on Rubrik in a report on Monday, May 20th. They set an overweight rating and a $42.00 target price on the stock. Cibc World Mkts raised Rubrik to a strong-buy rating in a research note on Tuesday, May 21st. Finally, The Goldman Sachs Group began coverage on shares of Rubrik in a research note on Monday, May 20th. They set a buy rating and a $48.00 price objective on the stock. Fifteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $44.69.

Rubrik Price Performance

Shares of RBRK stock opened at $30.50 on Tuesday. Rubrik has a 12 month low of $28.34 and a 12 month high of $40.00. The stock has a 50-day moving average price of $33.54.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Tuesday, June 11th. The company reported ($11.47) EPS for the quarter, missing the consensus estimate of ($10.88) by ($0.59). The firm had revenue of $187.32 million for the quarter, compared to the consensus estimate of $171.60 million. Equities analysts anticipate that Rubrik will post -7.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A number of large investors have recently added to or reduced their stakes in RBRK. Register Financial Advisors LLC bought a new stake in shares of Rubrik in the second quarter valued at about $227,000. Sei Investments Co. acquired a new stake in Rubrik in the 2nd quarter valued at approximately $235,000. PFG Investments LLC acquired a new stake in Rubrik in the 2nd quarter valued at approximately $242,000. Natixis Advisors LLC bought a new stake in Rubrik in the 2nd quarter valued at approximately $406,000. Finally, Bank of Montreal Can acquired a new position in Rubrik during the 2nd quarter worth approximately $427,000.

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.