Rubrik (NYSE:RBRK) had its price target raised to $52.00 by analysts at CIBC

Rubrik (NYSE:RBRK – Free Report) boosted their target price on CIBC from $50.00 to $52.00 in a research report on Tuesday morning, Benzinga reports. CIBC currently has an Outperform rating on the stock.

Other research analysts have also issued reports on the stock. Mizuho began coverage on shares of Rubrik in a research report on Monday, May 20th. They set a buy rating and a $46.00 price target on the stock. Piper Sandler began coverage on shares of Rubrik in a research report on Monday, August 19th. They issued an overweight rating and a $42.00 price objective on the stock. Cantor Fitzgerald restated an overweight rating and issued a $50.00 price objective on shares of Rubrik in a research report on Tuesday. Goldman Sachs Group began coverage on shares of Rubrik in a research report on Monday, May 20th. They issued a buy rating and a $48.00 price objective on the stock. Finally, Cibc World Mkts raised shares of Rubrik to a strong-buy rating in a research report on Tuesday, May 21st. Fifteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rubrik presently has a consensus rating of Buy and a consensus price target of $44.63.

Check out the latest stock analysis on Rubrik

Rubrik stock performance

RBRK opened at $31.58 on Tuesday. The company’s 50-day moving average price is $33.50. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $40.00.

Rubrik (NYSE:RBRK – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, June 11th. The company reported ($11.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.88) by ($0.59). The company had revenue of $187.32 million for the quarter, compared to the consensus estimate of $171.60 million. equities research analysts forecast that Rubrik will post -7.7 EPS for the current fiscal year.

Hedge funds influence Rubrik

Several hedge funds have recently bought and sold shares of the company. Register Financial Advisors LLC purchased a new position in Rubrik in the second quarter valued at about $227,000. Sei Investments Co. acquired a new position in Rubrik in the second quarter valued at about $235,000. PFG Investments LLC acquired a new position in Rubrik in the second quarter valued at approximately $242,000. Natixis Advisors LLC purchased a new position in Rubrik in the second quarter valued at about $406,000. Finally, Bank of Montreal Can acquired a new position in Rubrik in the second quarter valued at approximately $427,000.

About Rubrik

(Get a free report)

Rubrik, Inc provides data security solutions to individuals and businesses around the world. The company offers enterprise data protection, unstructured data protection, cloud data protection and SaaS data protection solutions; data threat analysis; data security posture; and cyber recovery solutions. It serves the financial, retail, trade, transportation, energy, industrial, health and life sciences, education, technology, media, communications and public sectors.

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