Harbor Capital Advisors Inc. Decreases Stock Holdings in Rapid7, Inc. $RPD

Harbor Capital Advisors Inc. reduced its position in Rapid7, Inc. (NASDAQ:RPD) by 81.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,444 shares of the technology company’s stock after selling 240,170 shares during the period. Harbor Capital Advisors Inc. owned 0.09% of Rapid7 worth $1,058,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in Rapid7 during the second quarter valued at approximately $44,000. Cetera Trust Company N.A lifted its holdings in shares of Rapid7 by 34.6% during the 2nd quarter. Cetera Trust Company N.A now owns 4,730 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,215 shares during the last quarter. AlphaQuest LLC boosted its position in shares of Rapid7 by 615,400.0% in the 1st quarter. AlphaQuest LLC now owns 6,155 shares of the technology company’s stock worth $163,000 after purchasing an additional 6,154 shares in the last quarter. Y.D. More Investments Ltd grew its stake in Rapid7 by 48.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 8,686 shares of the technology company’s stock worth $197,000 after buying an additional 2,847 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in Rapid7 by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after buying an additional 690 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

Rapid7 Stock Up 0.5%

RPD stock opened at $15.40 on Friday. The company has a market capitalization of $1.01 billion, a P/E ratio of 45.29 and a beta of 0.84. Rapid7, Inc. has a 12 month low of $13.21 and a 12 month high of $41.38. The firm’s fifty day simple moving average is $15.95 and its 200-day simple moving average is $19.35. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. The company had revenue of $217.96 million during the quarter, compared to the consensus estimate of $216.14 million. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. 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, equities research analysts forecast that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Insider Activity

In related news, CEO Corey E. Thomas purchased 14,500 shares of Rapid7 stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average cost of $13.82 per share, for a total transaction of $200,390.00. Following the completion of the transaction, the chief executive officer owned 595,066 shares in the company, valued at $8,223,812.12. The trade was a 2.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mike Burns acquired 2,000 shares of the stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $13.80 per share, for a total transaction of $27,600.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $69,000. This represents a 66.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 67,345 shares of company stock valued at $1,025,202 over the last 90 days. Company insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RPD. Jefferies Financial Group set a $18.00 price target on Rapid7 in a research note on Tuesday, December 16th. Barclays cut their price objective on shares of Rapid7 from $21.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Zacks Research cut shares of Rapid7 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d)” rating on shares of Rapid7 in a research note on Monday. Finally, UBS Group decreased their price target on shares of Rapid7 from $34.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.16.

Rapid7 Company Profile

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.