Rapid7 (NASDAQ:RPD) Raised to “Buy” at Wall Street Zen

Rapid7 (NASDAQ:RPD) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other analysts have also recently commented on RPD. Scotiabank cut their price target on shares of Rapid7 from $20.00 to $18.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 5th. Truist Financial dropped their target price on shares of Rapid7 from $22.00 to $18.00 and set a “hold” rating on the stock in a report on Wednesday, November 5th. Morgan Stanley reiterated an “outperform” rating and issued a $18.00 target price on shares of Rapid7 in a research note on Thursday, December 18th. DA Davidson lowered their price target on Rapid7 from $16.00 to $14.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 5th. Finally, Jefferies Financial Group set a $18.00 price objective on Rapid7 in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.16.

Rapid7 Stock Performance

Shares of NASDAQ RPD opened at $14.27 on Friday. The company has a debt-to-equity ratio of 7.01, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50 day moving average price of $15.56 and a 200 day moving average price of $18.99. The stock has a market capitalization of $934.40 million, a PE ratio of 41.97 and a beta of 0.79. Rapid7 has a 52 week low of $13.21 and a 52 week high of $40.54.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The company had revenue of $217.96 million for the quarter, compared to analysts’ expectations of $216.14 million. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. Analysts predict that Rapid7 will post 0.35 earnings per share for the current fiscal year.

Insider Transactions at Rapid7

In other Rapid7 news, Director Marc Evan Brown purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were acquired at an average cost of $15.21 per share, for a total transaction of $45,630.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mike Burns acquired 2,000 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $13.80 per share, with a total value of $27,600.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at approximately $69,000. This represents a 66.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 67,345 shares of company stock worth $1,025,202. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $60,610,000 after buying an additional 1,209,856 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Rapid7 by 114.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock valued at $49,409,000 after acquiring an additional 1,142,148 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 valued at $63,172,000 after acquiring an additional 851,108 shares during the period. LSV Asset Management acquired a new stake in shares of Rapid7 during the 3rd quarter worth $14,719,000. Finally, JANA Partners Management LP grew its holdings in shares of Rapid7 by 13.5% during the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after purchasing an additional 772,194 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

Rapid7 Company Profile

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.