Truist Financial Reiterates Buy Rating for Rubrik (NYSE:RBRK)

Truist Financial reissued their buy rating on shares of Rubrik (NYSE:RBRK) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $43.00 price target on the stock.

A number of other research analysts also recently commented on the stock. Robert W. Baird started coverage on shares of Rubrik in a research report on Monday, July 15th. They set an outperform rating and a $42.00 price objective on the stock. CIBC began coverage on shares of Rubrik in a report on Tuesday, May 21st. They set an outperformer rating and a $50.00 price target on the stock. Cantor Fitzgerald reissued an overweight rating and set a $50.00 price objective on shares of Rubrik in a research report on Tuesday. BMO Capital Markets dropped their target price on Rubrik from $40.00 to $38.00 and set an outperform rating on the stock in a research report on Tuesday. Finally, KeyCorp lifted their price target on Rubrik from $46.00 to $48.00 and gave the company an overweight rating in a report on Wednesday, June 12th. Fifteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $44.69.

Rubrik Stock Down 8.3 %

Shares of Rubrik stock opened at $30.73 on Tuesday. Rubrik has a 12 month low of $28.34 and a 12 month high of $40.00. The stock has a fifty day simple moving average of $33.58.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Tuesday, June 11th. The company reported ($11.47) EPS for the quarter, missing analysts’ consensus estimates of ($10.88) by ($0.59). The business had revenue of $187.32 million during the quarter, compared to analysts’ expectations of $171.60 million. As a group, analysts predict that Rubrik will post -7.7 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

Several large investors have recently modified their holdings of the company. Register Financial Advisors LLC bought a new position in Rubrik in the 2nd quarter worth $227,000. Sei Investments Co. acquired a new stake in shares of Rubrik in the second quarter valued at about $235,000. PFG Investments LLC bought a new position in shares of Rubrik in the second quarter worth about $242,000. Natixis Advisors LLC acquired a new position in shares of Rubrik during the 2nd quarter worth about $406,000. Finally, Bank of Montreal Can bought a new stake in Rubrik during the 2nd quarter valued at approximately $427,000.

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.