Rubrik, Inc. (NYSE:RBRK) Receives Consensus Recommendation of “Buy” from Analysts

Rubrik, Inc. (NYSE:RBRK) has been given an average recommendation of “Buy” by the seventeen research firms that are covering the company, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $44.69.

Several brokerages have recently issued reports on RBRK. BMO Capital Markets decreased their price target on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Barclays boosted their price objective on Rubrik from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. CIBC lifted their price target on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research note on Tuesday, September 10th. Piper Sandler began coverage on shares of Rubrik in a research report on Monday, August 19th. They set an “overweight” rating and a $42.00 price objective for the company. Finally, KeyCorp boosted their price objective on shares of Rubrik from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th.

Rubrik Price Performance

Rubrik stock opened at $33.29 on Friday. The stock’s 50-day moving average is $33.47. Rubrik has a 1 year low of $28.34 and a 1 year high of $40.00.

Insider Buying and Selling

In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $30.19, for a total transaction of $481,017.27. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC bought a new position in shares of Rubrik in the 2nd quarter valued at $47,523,000. Clearbridge Investments LLC bought a new position in shares of Rubrik in the 2nd quarter valued at $32,888,000. EPIQ Capital Group LLC bought a new position in shares of Rubrik in the 2nd quarter valued at $15,111,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Rubrik in the second quarter valued at $7,665,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Rubrik in the second quarter valued at $6,730,000.

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.