Rapid7, Inc. $RPD Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 24.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,912 shares of the technology company’s stock after buying an additional 91,905 shares during the quarter. Pacer Advisors Inc.’s holdings in Rapid7 were worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RPD. Prudential Financial Inc. increased its holdings in Rapid7 by 8.8% in the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after acquiring an additional 690 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Rapid7 by 81.6% during the fourth quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock valued at $46,000 after purchasing an additional 1,364 shares in the last quarter. KBC Group NV lifted its holdings in Rapid7 by 124.0% during the fourth quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,832 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Rapid7 in the second quarter valued at about $44,000. Finally, Swiss National Bank grew its position in shares of Rapid7 by 1.8% in the third quarter. Swiss National Bank now owns 112,000 shares of the technology company’s stock valued at $2,100,000 after purchasing an additional 2,000 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RPD has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rapid7 in a report on Wednesday, June 24th. Raymond James Financial set a $8.00 price objective on Rapid7 in a research note on Wednesday, May 6th. Morgan Stanley cut Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 target price for the company. in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $11.00 target price on shares of Rapid7 in a research report on Thursday, July 16th. Seventeen analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.03.

Rapid7 Stock Performance

NASDAQ:RPD opened at $11.57 on Friday. The company’s 50-day moving average price is $9.18 and its 200-day moving average price is $7.99. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69. The company has a market cap of $773.22 million, a P/E ratio of 33.06 and a beta of 0.97. Rapid7, Inc. has a twelve month low of $4.97 and a twelve month high of $21.78.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. The company had revenue of $209.69 million during the quarter, compared to analysts’ expectations of $207.94 million. During the same quarter in the prior year, the company earned $0.49 EPS. Rapid7’s revenue was down .3% compared to the same quarter last year. On average, sell-side analysts forecast that Rapid7, Inc. will post 0.63 earnings per share for the current fiscal year.

About Rapid7

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.