Rapid7 (NASDAQ:RPD) Cut to “Hold” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Rapid7 (NASDAQ:RPD – Free Report) from a buy rating to a hold rating in a research report sent to investors on Sunday.

RPD has been the subject of several other research reports. DA Davidson reduced their target price on shares of Rapid7 from $16.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, November 5th. Jefferies Financial Group set a $18.00 target price on Rapid7 in a research report on Tuesday, December 16th. UBS Group cut their price target on Rapid7 from $34.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Scotiabank reduced their price target on Rapid7 from $20.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 5th. Finally, Canaccord Genuity Group dropped their price objective on Rapid7 from $32.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.47.

Check Out Our Latest Stock Report on Rapid7

Rapid7 Stock Performance

Shares of Rapid7 stock opened at $13.67 on Friday. Rapid7 has a 12 month low of $13.21 and a 12 month high of $40.42. The firm has a market capitalization of $895.11 million, a P/E ratio of 40.21 and a beta of 0.79. The business’s fifty day simple moving average is $14.96 and its 200 day simple moving average is $18.54. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 7.01.

Rapid7 (NASDAQ:RPD – Get Free Report) last released its earnings results on Tuesday, November 4th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The company had revenue of $217.96 million for the quarter, compared to analysts’ expectations of $216.14 million. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. As a group, analysts anticipate that Rapid7 will post 0.35 EPS for the current year.

Insider Transactions at Rapid7

In other Rapid7 news, Director Mike Burns acquired 2,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of $13.80 per share, with a total value of $27,600.00. Following the completion of the acquisition, the director owned 5,000 shares of the company’s stock, valued at $69,000. This trade represents a 66.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Marc Evan Brown acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was bought at an average price of $15.21 per share, for a total transaction of $45,630.00. Following the completion of the transaction, the director owned 51,882 shares of the company’s stock, valued at $789,125.22. The trade was a 6.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 67,345 shares of company stock worth $1,025,202. 2.40% of the stock is owned by insiders.

Institutional Trading of Rapid7

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Rapid7 by 7.4% in the third quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock valued at $161,630,000 after acquiring an additional 595,916 shares during the last quarter. JANA Partners Management LP boosted its holdings in shares of Rapid7 by 13.5% in the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after purchasing an additional 772,194 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Rapid7 by 45.3% during the 2nd quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock valued at $63,172,000 after purchasing an additional 851,108 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Rapid7 by 112.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company’s stock valued at $60,610,000 after buying an additional 1,209,856 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Rapid7 by 1.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after buying an additional 34,438 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

About Rapid7

(Get Free Report)

Rapid7, Inc is a publicly traded cybersecurity company headquartered in Boston, Massachusetts. Since its founding in 2000, the company has specialized in delivering cloud-based security data and analytics solutions designed to help organizations detect, investigate, and remediate cyber threats. Rapid7 operates under the NASDAQ symbol “RPD” and serves a broad range of industries, including technology, financial services, healthcare, retail, and the public sector.

The core of Rapid7’s offering is its Insight platform, a unified, cloud-native security operations and analytics suite.

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