Brokerages Set Rubrik, Inc. (NYSE:RBRK) Target Price at $65.33

Rubrik, Inc. (NYSE:RBRK) has been given a consensus rating of “Moderate Buy” by the twenty-one brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $65.33.

Several brokerages have recently issued reports on RBRK. William Blair assumed coverage on Rubrik in a research report on Friday, February 7th. They set a “market perform” rating for the company. Truist Financial increased their target price on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. KeyCorp lifted their price target on shares of Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Guggenheim increased their price objective on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company boosted their target price on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th.

Insider Buying and Selling

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the transaction, the director now owns 153 shares in the company, valued at approximately $11,828.43. This represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the transaction, the executive now directly owns 337,545 shares of the company’s stock, valued at $16,877,250. This represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 612,134 shares of company stock worth $40,504,626 in the last 90 days.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in shares of Rubrik during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC increased its holdings in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after buying an additional 500 shares in the last quarter. Nemes Rush Group LLC purchased a new position in Rubrik in the 4th quarter worth about $39,000. Point72 Hong Kong Ltd bought a new position in Rubrik during the 4th quarter valued at about $47,000. Finally, Quarry LP bought a new stake in shares of Rubrik in the fourth quarter worth approximately $48,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $69.67 on Wednesday. The stock’s 50 day moving average price is $70.36 and its 200-day moving average price is $50.91. Rubrik has a twelve month low of $28.34 and a twelve month high of $80.00.

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.