Shares of Rubrik, Inc. (NYSE:RBRK – Get Free Report) have received a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. Fifteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $44.69.
A number of brokerages have weighed in on RBRK. Piper Sandler began coverage on Rubrik in a report on Monday, August 19th. They set an “overweight” rating and a $42.00 price target for the company. CIBC increased their price target on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a report on Tuesday, September 10th. KeyCorp raised their target price on Rubrik from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. BMO Capital Markets reduced their target price on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company reduced their target price on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th.
Get Our Latest Stock Analysis on Rubrik
Insider Activity at Rubrik
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Dragoneer Investment Group LLC bought a new stake in shares of Rubrik during the 2nd quarter worth $47,523,000. Clearbridge Investments LLC bought a new stake in shares of Rubrik during the 2nd quarter worth $32,888,000. EPIQ Capital Group LLC bought a new stake in shares of Rubrik during the 2nd quarter worth $15,111,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Rubrik during the 2nd quarter worth $7,665,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Rubrik during the 2nd quarter worth $6,730,000.
Rubrik Price Performance
NYSE RBRK opened at $33.29 on Friday. The firm has a fifty day moving average of $33.47. Rubrik has a twelve month low of $28.34 and a twelve month high of $40.00.
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.
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