Rubrik (NYSE:RBRK) Stock Rating Upgraded by Rosenblatt Securities

Rosenblatt Securities upgraded shares of Rubrik (NYSE:RBRK) from a neutral rating to a buy rating in a report issued on Wednesday, MarketBeat reports. Rosenblatt Securities currently has $77.00 price objective on the stock.

A number of other equities analysts have also recently commented on RBRK. Citigroup lifted 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. Oppenheimer initiated coverage on Rubrik in a report on Wednesday, November 13th. They set a “market perform” rating for the company. BMO Capital Markets boosted their price objective on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. 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. Finally, Piper Sandler boosted their price objective on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $66.72.

Rubrik Trading Up 6.2 %

Rubrik stock opened at $57.17 on Wednesday. Rubrik has a 52 week low of $28.34 and a 52 week high of $80.00. The stock has a 50-day simple moving average of $68.42 and a 200 day simple moving average of $53.26.

Insider Buying and Selling at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,973 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total transaction of $287,406.82. Following the completion of the transaction, the chief financial officer now directly owns 345,374 shares in the company, valued at $24,984,355.16. The trade was a 1.14 % 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, CTO Arvind Nithrakashyap sold 32,484 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $61.59, for a total transaction of $2,000,689.56. Following the transaction, the chief technology officer now owns 219,279 shares of the company’s stock, valued at approximately $13,505,393.61. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 625,712 shares of company stock worth $41,583,311 over the last three months.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC grew its stake in shares of Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Rubrik during the fourth quarter worth $28,000. KBC Group NV grew its stake 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 buying an additional 430 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after buying an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new stake in shares of Rubrik during the fourth quarter worth $39,000. Institutional investors own 49.54% of the company’s stock.

About Rubrik

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.