Rubrik (NYSE:RBRK) Stock Rating Reaffirmed by Truist Financial

Rubrik (NYSE:RBRK)‘s stock had its “buy” rating reaffirmed by investment analysts at Truist Financial in a report issued on Tuesday, Benzinga reports. They presently have a $43.00 price target on the stock. Truist Financial’s price objective would suggest a potential upside of 28.28% from the company’s current price.

A number of other research analysts have also commented on RBRK. CIBC began coverage on Rubrik in a research report on Tuesday, May 21st. They set an “outperformer” rating and a $50.00 price target for the company. Guggenheim reaffirmed a “buy” rating and set a $48.00 price target on shares of Rubrik in a research report on Tuesday, June 25th. Capital One Financial began coverage on Rubrik in a research report on Monday, May 20th. They set an “overweight” rating and a $42.00 price target for the company. Barclays upped their price target on Rubrik from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Finally, KeyCorp upped their price target on Rubrik from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Fifteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $44.69.

Rubrik Price Performance

NYSE RBRK opened at $33.52 on Tuesday. Rubrik has a 1-year low of $28.34 and a 1-year high of $40.00. The firm has a 50-day moving average of $33.57.

Rubrik (NYSE:RBRK) last released its quarterly earnings results 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 analyst estimates of $171.60 million. Equities research analysts forecast that Rubrik will post -7.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBRK. Register Financial Advisors LLC bought a new position in Rubrik during the 2nd quarter valued at approximately $227,000. Zweig DiMenna Associates LLC bought a new stake in shares of Rubrik in the 2nd quarter worth $6,730,000. EFG Asset Management North America Corp. bought a new stake in shares of Rubrik in the 2nd quarter worth $925,000. ARK Investment Management LLC bought a new stake in shares of Rubrik in the 2nd quarter worth $6,043,000. Finally, Cisco Systems Inc. bought a new stake in shares of Rubrik in the 2nd quarter worth $5,613,000.

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.