Rubrik (NYSE:RBRK) Coverage Initiated by Analysts at William Blair

William Blair assumed coverage on shares of Rubrik (NYSE:RBRK) in a report issued on Friday,Briefing.com Automated Import reports. The brokerage set a “market perform” rating on the stock.

A number of other analysts also recently issued reports on the stock. KeyCorp raised their price target on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Cantor Fitzgerald lifted their target price on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Mizuho increased their price target on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Barclays upped their price objective on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Oppenheimer began coverage on Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and a consensus target price of $64.67.

Rubrik Trading Down 0.3 %

Shares of RBRK opened at $75.34 on Friday. The business’s fifty day simple moving average is $67.31 and its two-hundred day simple moving average is $47.50. Rubrik has a 12 month low of $28.34 and a 12 month high of $77.22.

Insider Activity

In related news, CTO Arvind Nithrakashyap sold 32,485 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $74.85, for a total value 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 approximately $16,413,033.15. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $70.94, for a total value of $1,773,500.00. Following the sale, the executive now directly owns 381,043 shares in the company, valued at $27,031,190.42. The trade was a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 659,104 shares of company stock worth $42,720,088.

Institutional Trading of Rubrik

A number of institutional investors have recently bought and sold shares of RBRK. Sei Investments Co. purchased a new stake in shares of Rubrik in the second quarter valued at $235,000. Millennium Management LLC purchased a new stake in Rubrik in the 2nd quarter worth about $6,272,000. Diversified Trust Co bought a new stake in Rubrik in the third quarter worth about $432,000. Renaissance Capital LLC boosted its position in shares of Rubrik by 190.1% during the third quarter. Renaissance Capital LLC now owns 60,061 shares of the company’s stock valued at $1,931,000 after buying an additional 39,354 shares during the period. Finally, Legacy Capital Group California Inc. bought a new position in shares of Rubrik during the third quarter valued at approximately $2,419,000. 49.54% of the stock is currently owned by institutional investors.

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.