Cantor Fitzgerald Reiterates ‘Overweight’ Rating on Rubrik (NYSE:RBRK)

Rubrik (NYSE:RBRK – Get a Free Report)Its stock had an “overweight” rating restated by research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $50.00 price objective on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 39.12% from the company’s previous close.

RBRK has been the subject of a number of other reports. Cibc World Mkts raised shares of Rubrik to a “strong-buy” rating in a research note on Tuesday, May 21st. Wells Fargo & Company started coverage on shares of Rubrik in a research note on Monday, May 20th. They set an “overweight” rating and a $42.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Rubrik in a research note on Monday, May 20th. They set a “buy” rating and a $42.00 price target for the company. Citigroup upped their target price on shares of Rubrik from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Finally, Capital One Financial initiated coverage on shares of Rubrik in a research note on Monday, May 20th. They set an “overweight” rating and a $42.00 price target for the company. Fifteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Rubrik has a consensus rating of “Buy” and a consensus price target of $45.13.

Check out our latest analysis on RBRK

Rubrik stocks up 0.2%

Shares of NYSE:RBRK opened at $35.94 on Monday. Rubrik has a fifty-two week low of $28.34 and a fifty-two week high of $40.00. The company’s 50-day simple moving average is $32.49.

Rubrik (NYSE:RBRK – Get Your Free Report ) last announced its quarterly earnings data 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 analyst estimates of $171.60 million. On average, equities analysts expect that Rubrik will post -7.68 earnings per share for the current fiscal year.

Institutional investors weigh in on Rubrik

A number of large investors have recently made changes to their positions in the company. Dragoneer Investment Group LLC purchased a new stake in shares of Rubrik during the second quarter valued at approximately $47,523,000. EPIQ Capital Group LLC purchased a new position in Rubrik in the second quarter valued at about $15,111,000. Zweig DiMenna Associates LLC purchased a new position in Rubrik in the second quarter valued at about $6,730,000. Ensign Peak Advisors Inc acquired a new position in Rubrik in the second quarter valued at about $6,287,000. Finally, Millennium Management LLC purchased a new position in Rubrik in the second quarter valued at approximately $6,272,000.

Rubrik Company Profile

(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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