Rubrik, Inc. (NYSE:RBRK) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Rubrik, Inc. (NYSE:RBRK) have received an average rating of “Buy” from the twenty analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $64.11.

A number of research analysts have recently commented on RBRK shares. Piper Sandler raised their target price on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Citigroup raised their price objective on Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Truist Financial upped their target price on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays increased their price target on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Mizuho boosted their price objective on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th.

Insider Transactions at Rubrik

In related news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction on Friday, October 11th. The stock was sold at an average price of $40.00, for a total value of $1,000,000.00. Following the completion of the sale, the executive now owns 412,545 shares of the company’s stock, valued at $16,501,800. The trade was a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $65.72, for a total value of $118,296.00. Following the completion of the transaction, the chief financial officer now directly owns 342,974 shares in the company, valued at approximately $22,540,251.28. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,241 shares of company stock worth $17,618,308 over the last three months.

Institutional Trading of Rubrik

Several large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new position in Rubrik in the third quarter worth approximately $25,000. KBC Group NV bought a new position in Rubrik in the 3rd quarter worth $72,000. Quent Capital LLC purchased a new position in Rubrik during the third quarter valued at $192,000. Mount Yale Investment Advisors LLC purchased a new position in Rubrik during the third quarter valued at $208,000. Finally, Sei Investments Co. purchased a new stake in Rubrik in the second quarter worth about $235,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Stock Performance

Shares of RBRK opened at $68.18 on Tuesday. The company has a 50-day simple moving average of $56.11 and a two-hundred day simple moving average of $41.62. Rubrik has a one year low of $28.34 and a one year high of $75.79.

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.