Rubrik, Inc. (NYSE:RBRK) Receives $65.33 Average Price Target from Analysts

Shares of Rubrik, Inc. (NYSE:RBRK) have earned an average rating of “Moderate Buy” from the twenty-one analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $65.33.

RBRK has been the subject of a number of recent research reports. Citigroup increased their target price on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. BMO Capital Markets increased their target price on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. William Blair initiated coverage on Rubrik in a report on Friday, February 7th. They issued a “market perform” rating for the company. Mizuho increased their target price on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Piper Sandler increased their target price on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th.

Insider Buying and Selling at Rubrik

In related news, Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the sale, the director now owns 153 shares of the company’s stock, valued at approximately $11,828.43. This trade represents a 94.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $50.38, for a total value of $90,684.00. Following the sale, the chief financial officer now directly owns 373,760 shares in the company, valued at $18,830,028.80. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 612,134 shares of company stock worth $40,504,626.

Institutional Trading of Rubrik

Several hedge funds have recently added to or reduced their stakes in the business. PharVision Advisers LLC acquired a new stake in shares of Rubrik in the 4th quarter valued at about $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Rubrik by 168.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company’s stock valued at $43,610,000 after purchasing an additional 418,457 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of Rubrik in the 4th quarter valued at about $85,331,000. Washington Harbour Partners LP acquired a new stake in shares of Rubrik in the 4th quarter valued at about $4,235,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of Rubrik in the 4th quarter valued at about $18,693,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Down 3.5 %

Rubrik stock opened at $69.67 on Wednesday. The business has a 50 day moving average price of $70.36 and a two-hundred day moving average price of $50.63. Rubrik has a 12 month low of $28.34 and a 12 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.