Rubrik (NYSE:RBRK) Reaches New 52-Week High – Should You Buy?

Rubrik, Inc. (NYSE:RBRK)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $45.95 and last traded at $45.95, with a volume of 1440 shares trading hands. The stock had previously closed at $44.81.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RBRK shares. BMO Capital Markets lowered their target price on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. FBN Securities assumed coverage on shares of Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 target price on the stock. Oppenheimer started coverage on shares of Rubrik in a report on Wednesday. They issued a “market perform” rating for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $50.00 price objective on shares of Rubrik in a report on Tuesday, September 10th. Finally, Truist Financial restated a “buy” rating and issued a $43.00 target price on shares of Rubrik in a research note on Tuesday, September 10th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $45.00.

Rubrik Stock Down 0.0 %

The company has a 50 day moving average of $36.44 and a two-hundred day moving average of $34.27.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. As a group, analysts predict that Rubrik, Inc. will post -7.94 EPS for the current year.

Insider Buying and Selling at Rubrik

In related news, Director Ravi Mhatre sold 15,933 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $30.19, for a total value of $481,017.27. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Ravi Mhatre sold 15,933 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total transaction of $481,017.27. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 51,924 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $31.41, for a total transaction of $1,630,932.84. Following the completion of the sale, the chief financial officer now directly owns 493,360 shares of the company’s stock, valued at approximately $15,496,437.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,512 shares of company stock valued at $15,368,662 over the last 90 days.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of the business. Dragoneer Investment Group LLC bought a new stake in Rubrik during the 2nd quarter valued at $47,523,000. Champlain Investment Partners LLC bought a new stake in Rubrik during the third quarter valued at about $44,418,000. Penserra Capital Management LLC purchased a new position in Rubrik in the third quarter valued at about $35,359,000. Clearbridge Investments LLC purchased a new position in Rubrik in the second quarter valued at about $32,888,000. Finally, Pathway Capital Management LP bought a new position in Rubrik in the third quarter worth about $23,527,000.

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.