Rubrik (NYSE:RBRK) Earns “Buy” Rating from Guggenheim

Guggenheim reissued their buy rating on shares of Rubrik (NYSE:RBRK) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $76.00 price objective on the stock.

A number of other analysts also recently issued reports on the company. BMO Capital Markets lifted their target price on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Piper Sandler lifted their price target on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Truist Financial lifted their price target on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price target on Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Robert W. Baird lifted their price target on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.56.

Rubrik Stock Up 1.0 %

NYSE:RBRK opened at $64.96 on Wednesday. The stock’s 50-day simple moving average is $69.92 and its 200 day simple moving average is $51.58. Rubrik has a 52-week low of $28.34 and a 52-week high of $80.00.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 32,499 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the transaction, the executive now owns 337,545 shares of the company’s stock, valued at $16,877,250. This trade represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 610,334 shares of company stock worth $40,413,942.

Institutional Trading of Rubrik

A number of institutional investors and hedge funds have recently bought and sold shares of RBRK. Brown Brothers Harriman & Co. acquired a new stake in Rubrik in the third quarter valued at $25,000. Russell Investments Group Ltd. acquired a new stake in Rubrik in the fourth quarter valued at $28,000. Global Retirement Partners LLC increased its holdings in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares during the period. Nemes Rush Group LLC acquired a new stake in Rubrik in the fourth quarter valued at $39,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Rubrik in the fourth quarter valued at $47,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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.