Y Intercept Hong Kong Ltd Sells 55,484 Shares of Rapid7, Inc. $RPD

Y Intercept Hong Kong Ltd reduced its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 29.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,803 shares of the technology company’s stock after selling 55,484 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.20% of Rapid7 worth $2,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC grew its position in Rapid7 by 136.7% during the second quarter. Acadian Asset Management LLC now owns 169,955 shares of the technology company’s stock worth $3,924,000 after buying an additional 98,161 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Rapid7 by 45.3% during the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock worth $63,172,000 after purchasing an additional 851,108 shares in the last quarter. CenterBook Partners LP increased its position in shares of Rapid7 by 68.9% in the second quarter. CenterBook Partners LP now owns 253,629 shares of the technology company’s stock worth $5,866,000 after purchasing an additional 103,504 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Rapid7 by 366.2% in the third quarter. Assenagon Asset Management S.A. now owns 144,707 shares of the technology company’s stock valued at $2,713,000 after purchasing an additional 113,664 shares in the last quarter. Finally, DDD Partners LLC purchased a new stake in Rapid7 in the second quarter valued at approximately $846,000. 95.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mike Burns acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was purchased 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 $69,000. This trade represents a 66.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas E. Schodorf bought 6,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average price of $15.70 per share, for a total transaction of $98,910.00. Following the transaction, the director owned 34,440 shares of the company’s stock, valued at $540,708. The trade was a 22.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 67,345 shares of company stock valued at $1,025,202. Insiders own 2.40% of the company’s stock.

Rapid7 Price Performance

RPD stock traded up $0.17 on Wednesday, reaching $12.77. 29,637 shares of the company’s stock were exchanged, compared to its average volume of 962,243. Rapid7, Inc. has a twelve month low of $12.25 and a twelve month high of $39.62. The firm has a market cap of $836.05 million, a PE ratio of 37.56 and a beta of 0.79. The stock has a fifty day moving average of $14.73 and a 200-day moving average of $17.75. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 7.01.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on RPD. Susquehanna set a $15.00 price target on shares of Rapid7 in a research note on Thursday, November 6th. Berenberg Bank started coverage on shares of Rapid7 in a report on Tuesday, November 18th. They set a “hold” rating and a $16.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Rapid7 in a research report on Monday, December 29th. Royal Bank Of Canada reduced their target price on Rapid7 from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Finally, Jefferies Financial Group set a $18.00 price target on Rapid7 in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Rapid7 has an average rating of “Hold” and a consensus target price of $19.79.

Rapid7 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.