Rubrik (NYSE:RBRK) Earns Market Perform Rating from Analysts at William Blair

Stock analysts at William Blair began coverage on shares of Rubrik (NYSE:RBRK) in a research note issued on Friday,Briefing.com Automated Import reports. The brokerage set a “market perform” rating on the stock.

Several other research analysts have also commented on RBRK. Mizuho boosted their price objective on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Citigroup increased their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Wells Fargo & Company lifted their price objective on shares of Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Guggenheim increased their target price on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets lifted their price target on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.67.

Rubrik Trading Down 0.3 %

Shares of RBRK stock opened at $75.34 on Friday. Rubrik has a 52-week low of $28.34 and a 52-week high of $77.22. The business’s fifty day moving average is $67.31 and its 200 day moving average is $47.50.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 32,485 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $74.85, for a total value of $2,431,502.25. Following the sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at $16,413,033.15. This represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Wendell Thompson sold 9,009 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $70.98, for a total value of $639,458.82. Following the transaction, the director now directly owns 998 shares of the company’s stock, valued at $70,838.04. This represents a 90.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 659,104 shares of company stock valued at $42,720,088 over the last three months.

Institutional Investors Weigh In On Rubrik

Hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its holdings in shares of Rubrik by 6.9% during the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock valued at $11,595,000 after purchasing an additional 23,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rubrik during the 3rd quarter valued at approximately $323,000. Diversified Trust Co purchased a new position in Rubrik during the third quarter valued at $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Rubrik by 24.8% in 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 acquiring an additional 49,372 shares in the last quarter. Finally, Renaissance Capital LLC grew its stake in shares of Rubrik by 21.2% in the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after acquiring an additional 12,714 shares during the last quarter. 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.