Rubrik, Inc. (NYSE:RBRK) Given Average Recommendation of “Buy” by Analysts

Rubrik, Inc. (NYSE:RBRK) has earned a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. Fifteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $44.69.

A number of research firms recently commented on RBRK. Robert W. Baird began coverage on shares of Rubrik in a research note on Monday, July 15th. They issued an “outperform” rating and a $42.00 price objective for the company. Wells Fargo & Company lowered their price target on Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. KeyCorp increased their price objective on Rubrik from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Baird R W raised Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Piper Sandler initiated coverage on shares of Rubrik in a research report on Monday, August 19th. They issued an “overweight” rating and a $42.00 price target for the company.

Insider Activity at Rubrik

In other news, major shareholder Barry Eggers sold 100,000 shares of Rubrik stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $32.74, for a total value of $3,274,000.00. Following the transaction, the insider now owns 56,736 shares of the company’s stock, valued at $1,857,536.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Ravi Mhatre sold 15,933 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $30.19, for a total transaction of $481,017.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Barry Eggers sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $32.74, for a total value of $3,274,000.00. Following the completion of the sale, the insider now directly owns 56,736 shares in the company, valued at approximately $1,857,536.64. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Register Financial Advisors LLC bought a new position in Rubrik during the second quarter worth $227,000. Sei Investments Co. bought a new position in shares of Rubrik during the 2nd quarter worth about $235,000. PFG Investments LLC acquired a new position in shares of Rubrik during the second quarter valued at about $242,000. Natixis Advisors LLC bought a new stake in shares of Rubrik in the second quarter valued at about $406,000. Finally, Bank of Montreal Can acquired a new stake in Rubrik during the second quarter worth about $427,000.

Rubrik Stock Up 0.8 %

RBRK stock opened at $31.76 on Friday. Rubrik has a one year low of $28.34 and a one year high of $40.00. The firm’s 50-day moving average price is $33.33.

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.