In yesterday’s Wall Street session, Rubrik Inc (NYSE:RBRK) shares traded at $64.63, up 20.44% from the previous session.
RBRK stock price is now 52.80% away from the 50-day moving average and 79.57% away from the 200-day moving average. The market capitalization of the company currently stands at $14.14B.
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With the price target enhanced from $38 to $72, BMO Capital Markets maintained Outperform rating for Rubrik Inc (NYSE: RBRK). , while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, McCarthy Brian K., Chief Revenue Officer sold 25,000 shares of the company’s stock on Dec 06 ’24. The stock was sold for $1,609,216 at an average price of $64.37. Upon completion of the transaction, the Chief Revenue Officer now directly owns 312,545 shares in the company, valued at $20.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, Chief Financial Officer Choudary Kiran Kumar sold 30,000 shares of the business’s stock. A total of $1,973,400 was realized by selling the stock at an average price of $65.78. This leaves the insider owning 342,960 shares of the company worth $22.17 million. A total of 68.42% 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 $54.90. The fifty day moving average price for RBRK is $42.2972 and a two-hundred day moving average price translates $35.99102 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.
