Rubrik (NYSE:RBRK – Free Report) had its price target decreased by BMO Capital Markets from $40.00 to $38.00 in a research note released on Tuesday morning, MarketBeat.com reports. BMO Capital Markets currently has an outperform rating on the stock.
A number of other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Rubrik in a research note on Monday, May 20th. They set a buy rating and a $42.00 price objective for the company. Truist Financial began coverage on shares of Rubrik in a report on Monday, May 20th. They issued a buy rating and a $43.00 price objective on the stock. Barclays lifted their price objective on shares of Rubrik from $41.00 to $42.00 and gave the company an overweight rating in a research report on Wednesday, June 12th. Baird R W upgraded shares of Rubrik to a strong-buy rating in a research report on Monday, July 15th. Finally, Capital One Financial began coverage on Rubrik in a report on Monday, May 20th. They set an overweight rating and a $42.00 price target on the stock. Fifteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $44.69.
Check Out Our Latest Report on Rubrik
Rubrik Trading Down 8.3 %
Rubrik (NYSE:RBRK – Get Free Report) last posted its earnings results on Tuesday, June 11th. The company reported ($11.47) EPS for the quarter, missing the consensus estimate of ($10.88) by ($0.59). The firm had revenue of $187.32 million during the quarter, compared to the consensus estimate of $171.60 million. Sell-side analysts predict that Rubrik will post -7.7 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Rubrik
Hedge funds have recently modified their holdings of the company. Register Financial Advisors LLC bought a new position in Rubrik during the second quarter valued at about $227,000. Sei Investments Co. bought a new position in shares of Rubrik during the 2nd quarter valued at about $235,000. PFG Investments LLC acquired a new position in shares of Rubrik in the 2nd quarter worth approximately $242,000. Natixis Advisors LLC bought a new stake in Rubrik during the second quarter worth approximately $406,000. Finally, Bank of Montreal Can acquired a new position in Rubrik in the second quarter worth approximately $427,000.
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.
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