Rubrik (RBRK) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Rubrik (NYSE: RBRK):

• 9/11/2024 – Rubrik had its price target raised by analysts at Citigroup Inc. from $47.00 to $48.00. They now have a “buy” rating on the stock.
• 9/10/2024 – Rubrik had its price target lowered by analysts at Wells Fargo & Company from $42.00 to $40.00. They now have an “overweight” rating on the stock.
• 9/10/2024 – Rubrik had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $50.00 price target on the stock.
• 9/10/2024 – Rubrik had its price target raised by analysts at CIBC from $50.00 to $52.00. They now have an “outperformer” rating on the stock.
• 9/10/2024 – Rubrik had its price target lowered by analysts at Wedbush from $50.00 to $44.00. They now have an “outperform” rating on the stock.
• 9/10/2024 – Rubrik had its price target lowered by analysts at BMO Capital Markets from $40.00 to $38.00. They now have an “outperform” rating on the stock.
• 9/10/2024 – Rubrik had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $43.00 price target on the stock.
• 8/19/2024 – Rubrik had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $50.00 price target on the stock.
• 8/19/2024 – Rubrik is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $42.00 price target on the stock.

Rubrik Stock Up 0.3 %

Shares of RBRK stock opened at $33.38 on Tuesday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $40.00. The company has a fifty day moving average price of $33.45.

Insider Activity

In related news, major shareholder Barry Eggers sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the transaction, the insider now directly owns 56,736 shares of the company’s stock, valued at approximately $1,857,536.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Barry Eggers sold 100,000 shares of Rubrik stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the completion of the sale, the insider now owns 56,736 shares of the company’s stock, valued at approximately $1,857,536.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ravi Mhatre sold 15,933 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total transaction of $481,017.27. The disclosure for this sale can be found here.

Institutional Trading of Rubrik

Several institutional investors have recently added to or reduced their stakes in RBRK. Davidson Kempner Capital Management LP bought a new stake in Rubrik in the 2nd quarter valued at about $2,606,000. ARK Investment Management LLC acquired a new stake in shares of Rubrik in the second quarter valued at approximately $6,043,000. EPIQ Capital Group LLC bought a new stake in shares of Rubrik in the second quarter valued at approximately $15,111,000. Octahedron Capital Management L.P. acquired a new stake in Rubrik during the second quarter worth approximately $4,936,000. Finally, Liberty Street Advisors Inc. bought a new position in Rubrik during the 2nd quarter worth $4,117,000.

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.