While Rubrik Inc. has overperformed by 0.23%, investors are advised to look at stock chart patterns for technical insight.
On September 10, 2024, BMO Capital Markets Reiterated Rubrik Inc. (NYSE: RBRK) to Outperform. A report published by Piper Sandler on August 19, 2024, Initiated its previous ‘Overweight’ rating for RBRK. Robert W. Baird also rated RBRK shares as ‘Outperform’, setting a target price of $42 on the company’s shares in an initiating report dated July 15, 2024. Cantor Fitzgerald initiated its ‘Overweight’ rating for RBRK, as published in its report on May 31, 2024. Wells Fargo’s report from May 20, 2024 suggests a price prediction of $42 for RBRK shares, giving the stock a ‘Overweight’ rating. Wedbush also rated the stock as ‘Outperform’.
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Analysis of Rubrik Inc. (RBRK)
Further, the quarter-over-quarter increase in sales is 35.25%, showing a positive trend in the upcoming months.
One of the most important indicators of Rubrik Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 1.03, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and RBRK is recording 1.80M average volume. On a monthly basis, the volatility of the stock is set at 4.62%, whereas on a weekly basis, it is put at 4.42%, with a loss of -1.33% over the past seven days. Furthermore, long-term investors anticipate a median target price of $44.83, showing growth from the present price of $38.61, which can serve as yet another indication of whether RBRK is worth investing in or should be passed over.
How Do You Analyze Rubrik Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 65.23%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 17.52% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RBRK shares are owned by institutional investors to the tune of 17.52% at present.
