Rapid7, Inc. (NASDAQ:RPD) Sees Large Decrease in Short Interest

Rapid7, Inc. (NASDAQ:RPD) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 5,018,344 shares, a drop of 23.0% from the March 15th total of 6,521,271 shares. Approximately 7.8% of the shares of the stock are sold short. Based on an average trading volume of 2,860,879 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Rapid7

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Rapid7 by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock valued at $140,961,000 after buying an additional 653,498 shares in the last quarter. JANA Partners Management LP boosted its position in Rapid7 by 13.5% in the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after buying an additional 772,194 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Rapid7 by 48.3% during the fourth quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock worth $35,356,000 after purchasing an additional 758,009 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Rapid7 by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after purchasing an additional 34,438 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Rapid7 by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock worth $22,236,000 after purchasing an additional 78,448 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Price Performance

Rapid7 stock traded down $0.09 during mid-day trading on Friday, reaching $5.68. The company had a trading volume of 1,742,011 shares, compared to its average volume of 1,923,410. Rapid7 has a fifty-two week low of $4.97 and a fifty-two week high of $27.10. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 5.77. The company has a market cap of $374.27 million, a P/E ratio of 15.78 and a beta of 0.90. The business has a fifty day simple moving average of $6.47 and a 200 day simple moving average of $12.38.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Rapid7 had a net margin of 2.72% and a return on equity of 47.33%. The firm had revenue of $217.39 million for the quarter, compared to analyst estimates of $215.17 million. During the same quarter last year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. On average, equities research analysts predict that Rapid7 will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

RPD has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research note on Friday, March 27th. Stifel Nicolaus decreased their price objective on shares of Rapid7 from $18.00 to $9.00 and set a “hold” rating on the stock in a research note on Wednesday, February 11th. Royal Bank Of Canada decreased their price objective on shares of Rapid7 from $16.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 11th. Truist Financial decreased their price objective on shares of Rapid7 from $14.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 11th. Finally, UBS Group reissued a “neutral” rating and issued a $9.00 price objective on shares of Rapid7 in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $12.32.

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.