Parallel Advisors LLC Raises Stake in Rubrik, Inc. $RBRK

Parallel Advisors LLC boosted its position in Rubrik, Inc. (NYSE:RBRK) by 5,356.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,401 shares of the company’s stock after buying an additional 2,357 shares during the period. Parallel Advisors LLC’s holdings in Rubrik were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Rubrik by 9.7% in the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company’s stock valued at $423,512,000 after buying an additional 616,917 shares during the last quarter. Voya Investment Management LLC boosted its position in Rubrik by 15.0% in the first quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company’s stock valued at $137,035,000 after buying an additional 293,275 shares during the last quarter. Penserra Capital Management LLC boosted its position in Rubrik by 13.4% in the first quarter. Penserra Capital Management LLC now owns 1,006,111 shares of the company’s stock valued at $61,352,000 after buying an additional 119,258 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after buying an additional 236,181 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Rubrik by 186.8% in the first quarter. BNP Paribas Financial Markets now owns 899,853 shares of the company’s stock valued at $54,873,000 after buying an additional 586,088 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In other news, major shareholder Lightspeed Management Company, sold 16,984 shares of Rubrik stock in a transaction on Monday, June 30th. The stock was sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the transaction, the insider owned 59,182 shares in the company, valued at $5,295,013.54. The trade was a 22.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravi Mhatre sold 16,984 shares of Rubrik stock in a transaction on Monday, June 30th. The stock was sold at an average price of $89.47, for a total value of $1,519,558.48. Following the transaction, the director owned 81,842 shares in the company, valued at approximately $7,322,403.74. This represents a 17.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 210,858 shares of company stock worth $17,780,477. Corporate insiders own 32.38% of the company’s stock.

Rubrik Stock Performance

Shares of RBRK stock opened at $80.39 on Monday. The stock’s fifty day moving average is $86.46 and its two-hundred day moving average is $80.20. The firm has a market capitalization of $15.87 billion, a P/E ratio of -34.35 and a beta of 0.44. Rubrik, Inc. has a fifty-two week low of $30.35 and a fifty-two week high of $103.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analysts’ expectations of $282.25 million. During the same quarter in the previous year, the business posted ($0.40) EPS. The company’s revenue for the quarter was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, equities analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of recent research reports. KeyCorp upped their target price on Rubrik from $113.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $115.00 price objective on shares of Rubrik in a research report on Wednesday, September 10th. Wells Fargo & Company upped their price objective on Rubrik from $80.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, June 6th. Wedbush restated an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a research report on Thursday, September 11th. Finally, Guggenheim upped their price objective on Rubrik from $105.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Sixteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $104.38.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.