BMO Capital Markets has recently reiterated Rubrik Inc (RBRK) stock to Outperform rating, as announced on September 10, 2024, according to Finviz. Earlier, on August 19, 2024, Piper Sandler had initiated the stock to Overweight, setting a price target of $42. Robert W. Baird also initiated Outperform rating with a price target of $42. Additionally, BMO Capital Markets raised Outperform rating on June 6, 2024, with a target price of $40. Cantor Fitzgerald analysts, in their report published on May 31, 2024, also initiated Overweight rating and set a price target of $50 for Rubrik Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Rubrik Inc (RBRK) Stock Trading Recap
On Tuesday, Rubrik Inc (RBRK) stock saw a decline, ending the day at $31.36 which represents a decrease of $-0.79 or -2.46% from the prior close of $32.15. The stock opened at $31.93 and touched a low of $30.67 during the day, reaching a high of $31.95. The volume of shares traded was 2.02 million exceeding the average volume of 1.52 million.
RBRK Stock Performance and Moving Averages
In recent trading, Rubrik Inc (RBRK) stock price has shown some volatility, fluctuating -6.53% over the last five trades and -9.94% over the past 30 trades. This represents a notable shift from earlier in the year. The stock has gained 4.88% in the previous three months. Currently, RBRK is trading at -2.33%, -5.65%, and -5.04% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, RBRK, a Technology sector stock, is trading -21.60% below its 52-week high but remains 10.66% above its 52-week low. The Average True Range (ATR) (14 days) of 1.61 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Rubrik Inc’s Profitability and Valuation Ratios
Rubrik Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -142.11% and a profit margin of -149.11%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Rubrik Inc’s market capitalization stands at $5.70 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 7.77, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 65.57% of Rubrik Inc (RBRK)’s shares, while financial institutions hold 17.49%.
Notable insider trades include Choudary Kiran Kumar, Chief Financial Officer at Rubrik Inc (RBRK), who sold 51924 shares on Sep 26 ’24, at $31.41 each, totaling $1.63 million. On Sep 26 ’24, McCarthy Brian K., Chief Revenue Officer, sold 104672 shares for $31.32 each, amounting to $3.28 million. Additionally, on Sep 19 ’24, Eggers Barry sold 100000 shares at $32.74 each, generating $3.27 million.
