While Rubrik Inc has underperformed by -0.72%, investors are advised to look at stock chart patterns for technical insight.
On November 13, 2024, Oppenheimer started tracking Rubrik Inc (NYSE: RBRK) recommending Perform. A report published by BMO Capital Markets on September 10, 2024, Reiterated its previous ‘Outperform’ rating for RBRK. Piper Sandler also rated RBRK shares as ‘Overweight’, setting a target price of $42 on the company’s shares in an initiating report dated August 19, 2024. Robert W. Baird Initiated an Outperform rating on July 15, 2024, and assigned a price target of $42. BMO Capital Markets June 06, 2024d its ‘Market Perform’ rating to ‘Outperform’ for RBRK, as published in its report on June 06, 2024. Cantor Fitzgerald’s report from May 31, 2024 suggests a price prediction of $50 for RBRK shares, giving the stock a ‘Overweight’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of Rubrik Inc (RBRK)
Further, the quarter-over-quarter increase in sales is 35.25%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Rubrik Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 1.97M can be a very valuable indicator of volatility for RBRK stock. On a monthly basis, the volatility of the stock is set at 4.10%, whereas on a weekly basis, it is put at 5.04%, with a gain of 9.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $47.22, showing decline from the present price of $49.66, 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?
In addition to the fundamentals, you should also consider how many employees own shares in 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 68.42%. 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 24.92% 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 24.92% at present.
