Rubrik (NYSE:RBRK) Announces Quarterly Earnings Results

by · The Markets Daily

Rubrik (NYSE:RBRK – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26, FiscalAI reports. The firm had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million.

Rubrik Stock Performance

Shares of NYSE:RBRK traded down $0.99 during trading on Thursday, reaching $70.42. 7,840,326 shares of the stock traded hands, compared to its average volume of 3,143,979. The stock has a market cap of $13.91 billion, a P/E ratio of -30.10 and a beta of 0.32. The stock has a 50-day moving average of $75.61 and a two-hundred day moving average of $83.73. Rubrik has a 52-week low of $47.35 and a 52-week high of $103.00.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RBRK shares. FBN Securities reaffirmed an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Oppenheimer initiated coverage on Rubrik in a report on Monday, November 17th. They set a “market perform” rating on the stock. KeyCorp raised their target price on Rubrik from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Cantor Fitzgerald dropped their price target on Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Mizuho upgraded Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 price objective for the company in a report on Monday, November 17th. Eighteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.06.

Read Our Latest Stock Report on Rubrik

Insiders Place Their Bets

In other news, insider Brian K. Mccarthy sold 10,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $75.90, for a total value of $759,000.00. Following the completion of the transaction, the insider owned 349,319 shares in the company, valued at $26,513,312.10. The trade was a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $68.75, for a total value of $619,368.75. Following the transaction, the director directly owned 998 shares in the company, valued at approximately $68,612.50. The trade was a 90.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 115,966 shares of company stock valued at $8,777,876. Corporate insiders own 32.38% of the company’s stock.

Institutional Investors Weigh In On Rubrik

A number of hedge funds have recently added to or reduced their stakes in RBRK. Banque Cantonale Vaudoise purchased a new stake in Rubrik during the third quarter valued at $34,000. Comerica Bank raised its position in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after acquiring an additional 395 shares during the period. Wilmington Savings Fund Society FSB raised its position in Rubrik by 103.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 666 shares of the company’s stock worth $55,000 after acquiring an additional 338 shares during the period. Danske Bank A S purchased a new position in shares of Rubrik during the 3rd quarter worth $82,000. Finally, NewEdge Advisors LLC grew its position in shares of Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after acquiring an additional 300 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

About Rubrik

(Get Free Report)

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.

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