Insider Buying: Rapid7 (NASDAQ:RPD) Director Acquires $27,600.00 in Stock

Rapid7, Inc. (NASDAQ:RPD) Director Mike Burns acquired 2,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of $13.80 per share, for a total transaction of $27,600.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $69,000. The trade was a 66.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Rapid7 Stock Performance

NASDAQ:RPD opened at $15.51 on Thursday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 37.83 and a beta of 0.94. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 9.84. Rapid7, Inc. has a 1 year low of $13.21 and a 1 year high of $44.47. The firm has a 50 day moving average of $17.36 and a 200-day moving average of $20.51.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The firm had revenue of $217.96 million during the quarter, compared to analysts’ expectations of $216.14 million. During the same period last year, the firm posted $0.66 EPS. The business’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. Q4 2025 guidance at 0.370-0.44 EPS. As a group, sell-side analysts anticipate that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RPD. DA Davidson cut their price target on Rapid7 from $16.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, November 5th. Stifel Nicolaus lowered their price objective on shares of Rapid7 from $29.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada dropped their target price on shares of Rapid7 from $27.00 to $23.00 and set a “sector perform” rating for the company in a research note on Friday, August 8th. Morgan Stanley reduced their target price on shares of Rapid7 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 2nd. Finally, UBS Group lowered 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, four have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.42.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd raised its stake in shares of Rapid7 by 12.0% during the first quarter. Y.D. More Investments Ltd now owns 5,839 shares of the technology company’s stock worth $171,000 after buying an additional 625 shares during the last quarter. Prudential Financial Inc. boosted its stake in Rapid7 by 8.8% in the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after acquiring an additional 690 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Rapid7 by 6.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,427 shares of the technology company’s stock worth $221,000 after acquiring an additional 732 shares during the period. CI Investments Inc. raised its position in shares of Rapid7 by 48.4% during the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after acquiring an additional 744 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Rapid7 by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 78,294 shares of the technology company’s stock valued at $1,808,000 after acquiring an additional 753 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.