Rubrik (RBRK) Projected to Post Quarterly Earnings on Thursday

Rubrik (NYSE:RBRK) is expected to release its earnings data after the market closes on Thursday, March 13th. Analysts expect Rubrik to post earnings of ($0.39) per share and revenue of $233.13 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Rubrik Stock Up 2.4 %

Shares of Rubrik stock opened at $63.05 on Thursday. Rubrik has a one year low of $28.34 and a one year high of $80.00. The business’s 50 day simple moving average is $69.65 and its two-hundred day simple moving average is $52.49.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RBRK shares. Oppenheimer started coverage on Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating on the stock. Guggenheim restated a “buy” rating and set a $76.00 price target on shares of Rubrik in a research report on Wednesday, February 26th. Piper Sandler lifted their price target on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Barclays boosted their target price on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Cantor Fitzgerald boosted their target price on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Three 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.56.

Insider Activity at Rubrik

In related news, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction 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 transaction, the director now owns 153 shares of the company’s stock, valued at $10,342.80. This represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $74.85, for a total transaction of $2,431,502.25. Following the completion of the transaction, the chief technology officer now owns 219,279 shares of the company’s stock, valued at $16,413,033.15. This represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 682,512 shares of company stock worth $45,291,421.

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.