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

Rubrik, Inc. (NYSE:RBRK) has been given a consensus recommendation of “Buy” by the twenty analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $64.67.

A number of equities analysts have weighed in on RBRK shares. Oppenheimer began coverage on Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating for the company. Barclays increased their price target on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Rosenblatt Securities began coverage on Rubrik in a report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price objective for the company. Robert W. Baird increased their target price on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Wedbush boosted their price target on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th.

Insiders Place Their Bets

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the sale, the director now owns 153 shares of the company’s stock, valued at $10,342.80. The trade was a 94.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 1,500 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $39.40, for a total value of $59,100.00. Following the transaction, the chief financial officer now owns 423,060 shares of the company’s stock, valued at $16,668,564. This represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 600,255 shares of company stock worth $37,264,683 in the last three months.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC increased its position in shares of Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock valued at $683,000 after purchasing an additional 300 shares during the last quarter. KBC Group NV increased its position in Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after acquiring an additional 430 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Rubrik in the third quarter valued at $25,000. Hamilton Lane Advisors LLC lifted its holdings in shares of 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 acquiring an additional 980 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in Rubrik during the 4th quarter valued at about $70,000. 49.54% of the stock is owned by institutional investors.

Rubrik Stock Up 1.2 %

RBRK stock opened at $71.12 on Friday. The stock’s 50 day simple moving average is $62.77 and its 200 day simple moving average is $45.03. Rubrik has a 12-month low of $28.34 and a 12-month high of $75.79.

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.