Rubrik, Inc. (NYSE:RBRK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Rubrik, Inc. (NYSE:RBRK) has been given a consensus recommendation of “Moderate Buy” by the twenty-one research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $65.33.

A number of research firms have weighed in on RBRK. Mizuho lifted their price objective on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Truist Financial increased their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. BMO Capital Markets boosted their price target on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Rosenblatt Securities assumed coverage on shares of Rubrik in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price target on the stock. Finally, Oppenheimer assumed coverage on shares of Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating for the company.

Insider Buying and Selling at Rubrik

In related news, CTO Arvind Nithrakashyap sold 32,485 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $74.85, for a total transaction of $2,431,502.25. Following the completion of the transaction, the chief technology officer now owns 219,279 shares of the company’s stock, valued at approximately $16,413,033.15. This trade represents a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the sale, the director now directly owns 153 shares in the company, valued at approximately $11,828.43. The trade was a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 610,334 shares of company stock worth $40,413,942 over the last quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RBRK. Wealthcare Advisory Partners LLC raised its holdings in shares of Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock valued at $683,000 after buying an additional 300 shares during the period. Russell Investments Group Ltd. purchased a new stake in Rubrik during the fourth quarter worth about $28,000. KBC Group NV lifted its position in shares of Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after purchasing an additional 430 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Rubrik by 8,333.3% in 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 during the period. Finally, Nemes Rush Group LLC acquired a new position in shares of Rubrik in the fourth quarter valued at approximately $39,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Trading Down 5.5 %

Shares of NYSE:RBRK opened at $63.99 on Wednesday. The company’s 50 day moving average is $70.02 and its 200 day moving average is $51.39. Rubrik has a twelve month low of $28.34 and a twelve month 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.