Rapid7, Inc. (NASDAQ:RPD) Receives $19.79 Consensus PT from Analysts

Rapid7, Inc. (NASDAQ:RPD) has earned a consensus rating of “Hold” from the twenty-two research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.7895.

RPD has been the topic of a number of analyst reports. Susquehanna set a $15.00 target price on shares of Rapid7 in a research note on Thursday, November 6th. Royal Bank Of Canada cut their price target on shares of Rapid7 from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Piper Sandler reduced their price target on shares of Rapid7 from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, January 5th. Morgan Stanley reiterated an “outperform” rating and issued a $18.00 price objective on shares of Rapid7 in a report on Thursday, December 18th. Finally, Truist Financial set a $14.00 target price on Rapid7 in a research note on Tuesday, January 20th.

Rapid7 Stock Performance

Shares of Rapid7 stock opened at $11.92 on Thursday. The business’s 50 day moving average price is $14.63 and its 200 day moving average price is $17.56. The company has a market cap of $780.52 million, a price-to-earnings ratio of 35.06 and a beta of 0.79. The company has a debt-to-equity ratio of 7.01, a quick ratio of 1.19 and a current ratio of 1.19. Rapid7 has a one year low of $11.53 and a one year high of $39.62.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.12. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.The company had revenue of $217.96 million during the quarter, compared to analysts’ expectations of $216.14 million. During the same period in the prior year, the business earned $0.66 EPS. The firm’s quarterly 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. On average, research analysts predict that Rapid7 will post 0.35 EPS for the current year.

Insider Activity

In related news, Director Mike Burns bought 2,000 shares of the stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $13.80 per share, with a total value of $27,600.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at $69,000. This represents a 66.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marc Evan Brown purchased 3,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of $15.21 per share, with a total value of $45,630.00. Following the completion of the transaction, the director owned 51,882 shares of the company’s stock, valued at approximately $789,125.22. The trade was a 6.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 67,345 shares of company stock worth $1,025,202. 2.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rapid7

A number of hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC grew its holdings in Rapid7 by 136.7% during the 2nd quarter. Acadian Asset Management LLC now owns 169,955 shares of the technology company’s stock worth $3,924,000 after acquiring an additional 98,161 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of Rapid7 by 45.3% during the 2nd 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 during the last quarter. CenterBook Partners LP grew its stake in shares of Rapid7 by 68.9% during 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 in the last quarter. Assenagon Asset Management S.A. increased its holdings 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 buying an additional 113,664 shares during the last quarter. Finally, DDD Partners LLC acquired a new stake in Rapid7 in the second quarter valued at $846,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

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.