Man Group plc Takes $3.41 Million Position in Rapid7, Inc. $RPD

Man Group plc bought a new stake in shares of Rapid7, Inc. (NASDAQ:RPD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 420,916 shares of the technology company’s stock, valued at approximately $3,409,000. Man Group plc owned about 0.62% of Rapid7 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in RPD. Vanguard Group Inc. lifted its stake in Rapid7 by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock worth $140,961,000 after purchasing an additional 653,498 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Rapid7 by 48.3% during the fourth quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock valued at $35,356,000 after buying an additional 758,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Rapid7 by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock valued at $40,716,000 after buying an additional 34,438 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Rapid7 by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock worth $22,236,000 after buying an additional 78,448 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Rapid7 by 23.3% in the fourth quarter. Marshall Wace LLP now owns 1,404,686 shares of the technology company’s stock worth $21,351,000 after buying an additional 265,413 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RPD. Raymond James Financial restated an “outperform” rating and set a $15.00 target price on shares of Rapid7 in a report on Tuesday, August 11th. Robert W. Baird lifted their price target on Rapid7 from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Citigroup reiterated a “neutral” rating on shares of Rapid7 in a research report on Wednesday, August 12th. Stephens reissued a “positive” rating on shares of Rapid7 in a research note on Tuesday, August 11th. Finally, Truist Financial raised their target price on shares of Rapid7 from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $11.98.

Rapid7 Stock Performance

Rapid7 stock opened at $13.46 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The firm has a market cap of $907.20 million, a P/E ratio of 43.42 and a beta of 0.97. Rapid7, Inc. has a 1-year low of $4.97 and a 1-year high of $21.26. The firm has a 50-day moving average of $10.87 and a 200-day moving average of $8.05.

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