Rubrik, Inc. (NYSE:RBRK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Rubrik, Inc. (NYSE:RBRK) has been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $65.33.

A number of brokerages have issued reports on RBRK. KeyCorp increased their price objective on shares of Rubrik from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Rosenblatt Securities started coverage on shares of Rubrik in a research note on Tuesday, December 17th. They set a “neutral” rating and a $77.00 target price for the company. Piper Sandler boosted their price target on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Guggenheim increased their price objective on shares of Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Citigroup lifted their target price on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th.

Rubrik Stock Down 5.5 %

NYSE RBRK opened at $63.99 on Wednesday. Rubrik has a twelve month low of $28.34 and a twelve month high of $80.00. The business has a 50-day moving average price of $70.02 and a 200-day moving average price of $51.39.

Insider Transactions at Rubrik

In other news, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total value of $193,275.00. Following the sale, the director now directly owns 153 shares in the company, valued at approximately $11,828.43. This represents a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Arvind Nithrakashyap sold 32,499 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 610,334 shares of company stock worth $40,413,942.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Legacy Capital Group California Inc. purchased a new stake in shares of Rubrik in the third quarter valued at approximately $2,419,000. Mount Yale Investment Advisors LLC bought a new stake in Rubrik during the 3rd quarter valued at $208,000. Diversify Wealth Management LLC purchased a new stake in shares of Rubrik in the 3rd quarter worth $1,808,000. Stephens Investment Management Group LLC grew its position in shares of Rubrik by 3.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 264,345 shares of the company’s stock worth $8,499,000 after buying an additional 8,903 shares in the last quarter. Finally, ARK Investment Management LLC increased its position in Rubrik by 113.6% during the 3rd quarter. ARK Investment Management LLC now owns 420,932 shares of the company’s stock valued at $13,533,000 after purchasing an additional 223,850 shares during the period. 49.54% of the stock is currently owned by institutional investors.

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.