Brokerages Set Rubrik, Inc. (NYSE:RBRK) Target Price at $64.11

Rubrik, Inc. (NYSE:RBRK) has been given a consensus recommendation of “Buy” by the twenty research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $64.11.

Several equities research analysts recently commented on RBRK shares. Rosenblatt Securities began coverage on shares of Rubrik in a research note on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price target on the stock. BMO Capital Markets boosted their target price on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Robert W. Baird raised their price target on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Mizuho lifted their target price on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Piper Sandler increased their target price on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th.

Rubrik Stock Performance

RBRK stock opened at $66.35 on Tuesday. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $75.79. The company’s 50 day moving average price is $55.00 and its 200 day moving average price is $40.96.

Insider Activity at Rubrik

In related news, CFO Kiran Kumar Choudary sold 1,500 shares of Rubrik stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $39.40, for a total transaction of $59,100.00. Following the sale, the chief financial officer now directly owns 423,060 shares in the company, valued at $16,668,564. The trade was a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.39, for a total transaction of $1,034,750.00. Following the completion of the transaction, the executive now owns 387,545 shares of the company’s stock, valued at $16,040,487.55. This represents a 6.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,441 shares of company stock worth $15,823,512 in the last ninety days.

Hedge Funds Weigh In On Rubrik

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBRK. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik in the third quarter valued at $25,000. KBC Group NV bought a new stake in Rubrik in the third quarter worth about $72,000. Quent Capital LLC acquired a new stake in Rubrik in the 3rd quarter valued at about $192,000. Mount Yale Investment Advisors LLC bought a new position in shares of Rubrik during the 3rd quarter valued at about $208,000. Finally, Sei Investments Co. bought a new position in shares of Rubrik during the 2nd quarter valued at about $235,000. 49.54% of the stock is owned by institutional investors.

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.