Needham Investment Management LLC Sells 70,000 Shares of Rapid7, Inc. $RPD

Needham Investment Management LLC reduced its stake in Rapid7, Inc. (NASDAQ:RPD) by 43.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 90,000 shares of the technology company’s stock after selling 70,000 shares during the quarter. Needham Investment Management LLC’s holdings in Rapid7 were worth $1,368,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC acquired a new position in Rapid7 during the fourth quarter valued at approximately $40,000. CI Investments Inc. raised its position in shares of Rapid7 by 48.4% in the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after purchasing an additional 744 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of Rapid7 in the third quarter worth $44,000. Headlands Technologies LLC acquired a new stake in shares of Rapid7 in the second quarter worth $44,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Rapid7 by 81.6% during the 4th quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock worth $46,000 after buying an additional 1,364 shares during the period. Institutional investors own 95.66% of the company’s stock.

Rapid7 Price Performance

NASDAQ:RPD opened at $7.17 on Tuesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.78 and a quick ratio of 0.78. Rapid7, Inc. has a one year low of $4.97 and a one year high of $25.85. The company has a fifty day moving average price of $6.58 and a 200 day moving average price of $9.46. The stock has a market cap of $479.17 million, a P/E ratio of 20.49 and a beta of 1.03.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $207.94 million. During the same period last year, the business posted $0.49 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Analysts anticipate that Rapid7, Inc. will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RPD. Stifel Nicolaus lowered their target price on shares of Rapid7 from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Scotiabank decreased their price target on shares of Rapid7 from $9.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Wall Street Zen downgraded Rapid7 from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Piper Sandler dropped their price objective on Rapid7 from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Rapid7 has an average rating of “Reduce” and an average target price of $8.71.

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.