Rubrik (NYSE:RBRK) Issues Quarterly Earnings Results

Rubrik (NYSE:RBRK) posted its quarterly earnings results on Thursday. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22), Zacks reports. The firm had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.59) EPS.

Rubrik Stock Performance

Shares of RBRK stock traded down $1.92 during mid-day trading on Thursday, hitting $55.19. 2,609,355 shares of the stock were exchanged, compared to its average volume of 2,044,186. Rubrik has a 12-month low of $28.34 and a 12-month high of $80.00. The stock’s fifty day simple moving average is $68.42 and its two-hundred day simple moving average is $53.26.

Insider Activity 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 stock was sold at an average price of $72.34, for a total value of $287,406.82. Following the completion of the sale, the chief financial officer now owns 345,374 shares in the company, valued at approximately $24,984,355.16. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the sale, the director now owns 153 shares of the company’s stock, valued at approximately $10,342.80. This trade represents a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 625,712 shares of company stock valued at $41,583,311 in the last three months.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RBRK shares. Cantor Fitzgerald increased their price target on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday. William Blair assumed coverage on Rubrik in a research note on Friday, February 7th. They set a “market perform” rating on the stock. Piper Sandler lifted their target price on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, Truist Financial raised their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Rubrik presently has an average rating of “Buy” and an average price target of $66.72.

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.