Shares of Rubrik, Inc. (NYSE:RBRK – Get Free Report) have received an average recommendation of “Buy” from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. Sixteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $44.65.
A number of brokerages recently commented on RBRK. Guggenheim restated a “buy” rating and set a $48.00 target price on shares of Rubrik in a report on Tuesday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $50.00 price objective on shares of Rubrik in a research note on Tuesday, September 10th. Wells Fargo & Company decreased their price objective on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. CIBC lifted their price objective on Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research note on Tuesday, September 10th. Finally, Robert W. Baird initiated coverage on Rubrik in a research note on Monday, July 15th. They issued an “outperform” rating and a $42.00 price objective for the company.
Get Our Latest Stock Report on Rubrik
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of RBRK. Register Financial Advisors LLC acquired a new position in shares of Rubrik in the second quarter valued at approximately $227,000. Zweig DiMenna Associates LLC acquired a new position in shares of Rubrik in the second quarter valued at approximately $6,730,000. EFG Asset Management North America Corp. acquired a new position in shares of Rubrik in the second quarter valued at approximately $925,000. ARK Investment Management LLC acquired a new position in shares of Rubrik in the second quarter valued at approximately $6,043,000. Finally, Cisco Systems Inc. acquired a new position in shares of Rubrik in the second quarter valued at approximately $5,613,000.
Rubrik Price Performance
Shares of NYSE:RBRK opened at $38.87 on Thursday. The business’s 50-day simple moving average is $33.66. Rubrik has a 12-month low of $28.34 and a 12-month high of $40.36.
Rubrik (NYSE:RBRK – Get Free Report) last announced its earnings results on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. On average, sell-side analysts forecast that Rubrik will post -7.95 EPS for the current year.
Rubrik Company Profile
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.
Featured Stories
- Five stocks we like better than Rubrik
- What does consumer price index measure?
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- What is Put Option Volume?
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Receive News & Ratings for Rubrik Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rubrik and related companies with MarketBeat.com's FREE daily email newsletter.