Rubrik Inc (NYSE:RBRK) shares traded -1.57% lower at $66.98 on Wall Street last session.
RBRK stock price is now 36.25% away from the 50-day moving average and 76.77% away from the 200-day moving average. The market capitalization of the company currently stands at $12.41B.
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With the price target of $77, Rosenblatt recently initiated with Neutral rating for Rubrik Inc (NYSE: RBRK). On December 06, 2024, BMO Capital Markets reiterated its ‘Outperform’ rating on the stock by increasing its target price from $38 to quote $72, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Choudary Kiran Kumar, Chief Financial Officer sold 3,973 shares of the company’s stock on Dec 17 ’24. The stock was sold for $287,403 at an average price of $72.34. Upon completion of the transaction, the Chief Financial Officer now directly owns 345,374 shares in the company, valued at $23.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’24, Chief Financial Officer Choudary Kiran Kumar sold 1,800 shares of the business’s stock. A total of $130,860 was realized by selling the stock at an average price of $72.70. This leaves the insider owning 344,574 shares of the company worth $23.08 million. A total of 60.94% of the company’s stock is owned by insiders.
During the past 12 months, Rubrik Inc has had a low of $28.34 and a high of $75.79. The fifty day moving average price for RBRK is $48.5394 and a two-hundred day moving average price translates $37.714725 for the stock.
The latest earnings results from Rubrik Inc (NYSE: RBRK) was released for 2024-07-31. The company reported revenue of $204.95 million for the quarter, compared to $135.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.99 percent. For the current quarter, analysts expect RBRK to generate $232.9M in revenue.
