Engineers Gate Manager LP Sells 113,943 Shares of Rapid7, Inc. $RPD

by · The Markets Daily

Engineers Gate Manager LP reduced its stake in Rapid7, Inc. (NASDAQ:RPD – Free Report) by 31.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,128 shares of the technology company’s stock after selling 113,943 shares during the period. Engineers Gate Manager LP’s holdings in Rapid7 were worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. LSV Asset Management increased its position in Rapid7 by 25.1% during the 4th quarter. LSV Asset Management now owns 982,397 shares of the technology company’s stock worth $14,932,000 after purchasing an additional 197,397 shares in the last quarter. Bank of America Corp DE acquired a new stake in Rapid7 in the second quarter valued at approximately $6,861,000. SG Americas Securities LLC boosted its position in Rapid7 by 32.4% in the first quarter. SG Americas Securities LLC now owns 817,649 shares of the technology company’s stock valued at $4,505,000 after buying an additional 200,033 shares in the last quarter. Invenomic Capital Management LP grew its stake in shares of Rapid7 by 1.8% during the fourth quarter. Invenomic Capital Management LP now owns 627,983 shares of the technology company’s stock worth $9,545,000 after buying an additional 11,283 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Rapid7 during the second quarter worth $3,844,000. 95.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RPD shares. Citigroup reiterated a “neutral” rating on shares of Rapid7 in a report on Wednesday, August 12th. Piper Sandler raised their price objective on Rapid7 from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Canaccord Genuity Group boosted their price objective on Rapid7 from $7.00 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Stephens reaffirmed a “positive” rating on shares of Rapid7 in a report on Tuesday, August 11th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $15.00 target price on shares of Rapid7 in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $11.98.

Check Out Our Latest Report on Rapid7

Rapid7 Trading Down 2.6%

Shares of NASDAQ RPD opened at $12.46 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. Rapid7, Inc. has a 52-week low of $4.97 and a 52-week high of $20.95. The firm has a 50 day moving average price of $11.47 and a two-hundred day moving average price of $8.39. The stock has a market cap of $839.80 million, a P/E ratio of 40.19 and a beta of 1.01.

Rapid7 (NASDAQ:RPD – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $210.88 million for the quarter, compared to analyst estimates of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. Rapid7’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, equities analysts forecast that Rapid7, Inc. will post 0.74 EPS for the current year.

About Rapid7

(Free Report)

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that helps organizations identify, assess and manage security risks across their IT environments. Its offerings are designed to provide visibility into vulnerabilities, endpoints, users, applications, cloud infrastructure and other technology assets, enabling customers to prioritize threats and respond to security incidents.

The company delivers many of its products through the Rapid7 Insight platform. Key offerings include InsightVM for vulnerability risk management, InsightIDR for security information and event detection and response, InsightCloudSec for cloud security and risk management, and InsightConnect for security orchestration and automation.

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