Rubrik (NYSE:RBRK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Rubrik (NYSE:RBRK) had its price objective boosted by research analysts at Robert W. Baird from $42.00 to $48.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 16.03% from the company’s current price.

RBRK has been the subject of a number of other reports. Citigroup upped their price objective on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. BMO Capital Markets decreased their price target on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Truist Financial reissued a “buy” rating and issued a $43.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $50.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. Finally, FBN Securities assumed coverage on Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target for the company. Sixteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Rubrik currently has a consensus rating of “Buy” and an average target price of $45.00.

Rubrik Stock Up 0.3 %

Shares of RBRK opened at $41.37 on Thursday. The stock’s fifty day moving average is $35.18. Rubrik has a 12 month low of $28.34 and a 12 month high of $43.95.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. On average, equities analysts forecast that Rubrik will post -7.94 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ravi Mhatre sold 15,933 shares of the company’s stock in a transaction 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 available through this link. In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $30.19, for a total value of $481,017.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Barry Eggers sold 100,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $32.74, for a total value of $3,274,000.00. Following the completion of the transaction, the insider now directly owns 56,736 shares in the company, valued at approximately $1,857,536.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 391,412 shares of company stock valued at $13,162,625 over the last three months.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of Rubrik during the 3rd quarter valued at about $192,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Rubrik during the 3rd quarter valued at about $208,000. Register Financial Advisors LLC acquired a new position in shares of Rubrik during the 2nd quarter valued at about $227,000. Sei Investments Co. acquired a new position in shares of Rubrik during the 2nd quarter valued at about $235,000. Finally, PFG Investments LLC acquired a new position in shares of Rubrik during the 2nd quarter valued at about $242,000.

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.