KeyCorp Issues Positive Forecast for Rubrik (NYSE:RBRK) Stock Price

Rubrik (NYSE:RBRK) had its target price hoisted by KeyCorp from $48.00 to $57.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on RBRK. Piper Sandler initiated coverage on Rubrik in a report on Monday, August 19th. They issued an “overweight” rating and a $42.00 target price for the company. Cantor Fitzgerald raised Rubrik to a “strong-buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets cut their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Robert W. Baird upped their price target on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Truist Financial lifted their price target on shares of Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $46.71.

Rubrik Stock Down 1.3 %

Shares of Rubrik stock opened at $50.39 on Friday. The firm’s 50 day moving average is $39.06 and its 200 day moving average is $35.07. Rubrik has a 1 year low of $28.34 and a 1 year high of $52.75.

Rubrik (NYSE:RBRK) last posted its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to analysts’ expectations of $195.58 million. As a group, analysts predict that Rubrik will post -8.04 earnings per share for the current year.

Insider Activity

In other Rubrik news, CRO Brian K. Mccarthy sold 104,672 shares of Rubrik stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the completion of the transaction, the executive now owns 462,545 shares in the company, valued at approximately $14,486,909.40. The trade was a 18.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ravi Mhatre sold 15,933 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The disclosure for this sale can be found here. Insiders sold a total of 491,312 shares of company stock worth $17,657,062 over the last quarter.

Institutional Investors Weigh In On Rubrik

A number of institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in Rubrik during the third quarter worth $25,000. KBC Group NV purchased a new stake in shares of Rubrik during the 3rd quarter valued at $72,000. Quent Capital LLC bought a new stake in shares of Rubrik during the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Rubrik in the 3rd quarter worth about $208,000. Finally, Register Financial Advisors LLC purchased a new position in shares of Rubrik in the 2nd quarter worth about $227,000.

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.