Rapid7, Inc. (NASDAQ:RPD) Receives Average Recommendation of “Hold” from Brokerages

Rapid7, Inc. (NASDAQ:RPD) has received an average rating of “Hold” from the twenty-one research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $26.2778.

Several analysts have commented on RPD shares. Morgan Stanley lowered their target price on shares of Rapid7 from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 2nd. Citigroup decreased their price target on shares of Rapid7 from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Scotiabank decreased their price target on shares of Rapid7 from $29.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, August 11th. Canaccord Genuity Group decreased their price target on shares of Rapid7 from $39.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, August 11th. Finally, Raymond James Financial decreased their price target on shares of Rapid7 from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, August 8th.

Insider Buying and Selling at Rapid7

In related news, CAO Scott M. Murphy sold 1,370 shares of Rapid7 stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $20.25, for a total transaction of $27,742.50. Following the transaction, the chief accounting officer owned 27,592 shares in the company, valued at approximately $558,738. The trade was a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jana Partners Management, Lp bought 358,738 shares of Rapid7 stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average price of $18.23 per share, for a total transaction of $6,539,793.74. Following the acquisition, the director directly owned 6,105,148 shares in the company, valued at approximately $111,296,848.04. This represents a 6.24% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 772,194 shares of company stock worth $15,135,356 in the last 90 days. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Rapid7

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC boosted its position in Rapid7 by 45.3% in the 2nd quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock valued at $63,172,000 after buying an additional 851,108 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Rapid7 by 112.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company’s stock worth $60,610,000 after acquiring an additional 1,209,856 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Rapid7 by 114.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock worth $49,409,000 after acquiring an additional 1,142,148 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Rapid7 by 4.6% in the second quarter. First Trust Advisors LP now owns 1,543,770 shares of the technology company’s stock worth $35,707,000 after acquiring an additional 67,801 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Rapid7 by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,538,756 shares of the technology company’s stock worth $35,596,000 after acquiring an additional 25,546 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Trading Up 1.4%

Shares of RPD opened at $19.18 on Tuesday. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a 50 day simple moving average of $19.58 and a 200-day simple moving average of $21.85. Rapid7 has a 1-year low of $17.75 and a 1-year high of $44.48. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 46.78 and a beta of 0.92.

Rapid7 (NASDAQ:RPD) last released its earnings results on Thursday, August 7th. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.44 by $0.14. The firm had revenue of $214.19 million during the quarter, compared to analysts’ expectations of $212.17 million. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. Rapid7’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. Equities analysts forecast that Rapid7 will post 0.35 EPS for the current fiscal year.

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.