Analysts Set Rubrik, Inc. (NYSE:RBRK) Target Price at $64.67

Shares of Rubrik, Inc. (NYSE:RBRK) have received an average rating of “Buy” from the twenty analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $64.67.

Several brokerages have weighed in on RBRK. Robert W. Baird increased their price target on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler upped their target price on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. BMO Capital Markets boosted their price objective on shares of Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Mizuho lifted their target price on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Truist Financial boosted their price objective on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th.

Rubrik Stock Down 2.7 %

Shares of RBRK stock opened at $69.04 on Friday. The business’s fifty day simple moving average is $63.28 and its 200-day simple moving average is $45.45. Rubrik has a 12-month low of $28.34 and a 12-month high of $75.79.

Insider Transactions at Rubrik

In related news, CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $66.52, for a total transaction of $119,736.00. Following the sale, the chief financial officer now directly owns 341,374 shares of the company’s stock, valued at approximately $22,708,198.48. This represents a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,499 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $67.66, for a total value of $2,198,882.34. The disclosure for this sale can be found here. Insiders sold a total of 598,755 shares of company stock worth $37,205,583 over the last ninety days.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC grew its holdings in shares of Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after acquiring an additional 300 shares during the last quarter. KBC Group NV boosted its holdings in shares of Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after buying an additional 430 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik in the third quarter valued at about $25,000. Hamilton Lane Advisors LLC increased its position in Rubrik by 3.0% in the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock worth $2,224,000 after buying an additional 980 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of Rubrik during the 4th quarter worth about $70,000. 49.54% of the stock is currently owned by institutional investors.

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.