Rapid7, Inc. (NASDAQ:RPD) Receives $26.56 Average Price Target from Analysts

Rapid7, Inc. (NASDAQ:RPD) has been given an average rating of “Hold” by the twenty ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $26.5556.

Several equities research analysts recently weighed in on RPD shares. Zacks Research downgraded shares of Rapid7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Stifel Nicolaus decreased their price objective on shares of Rapid7 from $29.00 to $22.00 and set a “hold” rating for the company in a report on Friday, August 8th. Citigroup dropped their target price on Rapid7 from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Mizuho cut their target price on Rapid7 from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. lowered their price target on Rapid7 from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th.

Rapid7 Stock Performance

Shares of NASDAQ RPD opened at $18.75 on Friday. Rapid7 has a 12-month low of $17.83 and a 12-month high of $44.48. The company has a market cap of $1.21 billion, a PE ratio of 45.73 and a beta of 0.94. The stock has a 50 day simple moving average of $20.43 and a 200-day simple moving average of $22.91. 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 (NASDAQ:RPD) last announced its earnings results on Thursday, August 7th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.14. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The firm had revenue of $214.19 million for the quarter, compared to the consensus estimate of $212.17 million. During the same quarter in the previous year, the business earned $0.58 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. On average, equities research analysts forecast that Rapid7 will post 0.35 EPS for the current year.

Insider Transactions at Rapid7

In other news, CAO Scott M. Murphy sold 1,370 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $20.25, for a total transaction of $27,742.50. Following the completion of the transaction, the chief accounting officer owned 27,592 shares in the company, valued at approximately $558,738. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jana Partners Management, Lp bought 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $21.26 per share, for a total transaction of $5,315,000.00. Following the completion of the acquisition, the director directly owned 6,518,604 shares in the company, valued at approximately $138,585,521.04. This represents a 3.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 772,194 shares of company stock valued at $15,135,356 over the last three months. 2.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rapid7

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in Rapid7 by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 54,915 shares of the technology company’s stock valued at $1,456,000 after purchasing an additional 609 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Rapid7 by 12.0% in the first quarter. Y.D. More Investments Ltd now owns 5,839 shares of the technology company’s stock valued at $171,000 after buying an additional 625 shares during the period. Prudential Financial Inc. raised 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 buying an additional 690 shares during the period. Nordea Investment Management AB lifted its position in shares of Rapid7 by 1.0% in the second quarter. Nordea Investment Management AB now owns 78,294 shares of the technology company’s stock valued at $1,808,000 after buying an additional 753 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Rapid7 by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 54,981 shares of the technology company’s stock worth $1,272,000 after acquiring an additional 890 shares during the period. 95.66% of the stock is owned by institutional investors.

About Rapid7

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.