Rubrik’s (RBRK) Buy Rating Reiterated at Truist Financial

Truist Financial reissued their buy rating on shares of Rubrik (NYSE:RBRK) in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a $43.00 target price on the stock.

A number of other brokerages have also commented on RBRK. Deutsche Bank Aktiengesellschaft started coverage on Rubrik in a research note on Monday, May 20th. They issued a buy rating and a $42.00 target price for the company. CIBC began coverage on shares of Rubrik in a report on Tuesday, May 21st. They set an outperformer rating and a $50.00 price objective for the company. Mizuho initiated coverage on shares of Rubrik in a research report on Monday, May 20th. They set a buy rating and a $46.00 target price on the stock. KeyCorp increased their price target on shares of Rubrik from $46.00 to $48.00 and gave the stock an overweight rating in a research report on Wednesday, June 12th. Finally, Guggenheim reaffirmed a buy rating and set a $48.00 price objective on shares of Rubrik in a report on Tuesday, June 25th. Fifteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Rubrik has a consensus rating of Buy and a consensus target price of $44.69.

Rubrik Price Performance

Shares of RBRK opened at $30.50 on Tuesday. The company’s 50-day moving average is $33.54. Rubrik has a 52 week low of $28.34 and a 52 week high of $40.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Tuesday, June 11th. The company reported ($11.47) EPS for the quarter, missing the consensus estimate of ($10.88) by ($0.59). The business had revenue of $187.32 million during the quarter, compared to analysts’ expectations of $171.60 million. Equities analysts predict that Rubrik will post -7.93 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently bought and sold shares of the business. Dragoneer Investment Group LLC bought a new position in shares of Rubrik in the second quarter valued at about $47,523,000. Clearbridge Investments LLC acquired a new stake in Rubrik in the 2nd quarter valued at about $32,888,000. EPIQ Capital Group LLC acquired a new stake in Rubrik in the 2nd quarter valued at about $15,111,000. Zweig DiMenna Associates LLC bought a new position in shares of Rubrik in the second quarter worth about $6,730,000. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Rubrik during the second quarter worth approximately $6,287,000.

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.