Versor Investments LP Grows Position in Rapid7, Inc. $RPD

Versor Investments LP increased its position in Rapid7, Inc. (NASDAQ:RPD) by 115.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,200 shares of the technology company’s stock after purchasing an additional 7,600 shares during the quarter. Versor Investments LP’s holdings in Rapid7 were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in RPD. New York State Teachers Retirement System purchased a new position in shares of Rapid7 in the 1st quarter valued at approximately $29,000. Versant Capital Management Inc lifted its stake in shares of Rapid7 by 5,311.1% in the 1st quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,434 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Rapid7 in the 1st quarter valued at approximately $74,000. New Age Alpha Advisors LLC purchased a new position in shares of Rapid7 in the 1st quarter valued at approximately $115,000. Finally, GAMMA Investing LLC lifted its stake in shares of Rapid7 by 2,069.2% in the 1st quarter. GAMMA Investing LLC now owns 5,488 shares of the technology company’s stock valued at $145,000 after purchasing an additional 5,235 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Rapid7 Stock Down 4.1%

Rapid7 stock opened at $20.27 on Thursday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 49.44 and a beta of 0.96. The stock has a fifty day simple moving average of $22.39 and a two-hundred day simple moving average of $25.48. Rapid7, Inc. has a 12 month low of $17.83 and a 12 month high of $44.48. 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 posted its earnings results on Thursday, August 7th. The technology company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.14. The business had revenue of $214.19 million during the quarter, compared to analyst estimates of $212.17 million. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last 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 predict that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

Insider Activity at Rapid7

In other Rapid7 news, Director Jana Partners Management, Lp bought 250,000 shares of Rapid7 stock in a transaction on Wednesday, August 13th. The stock was acquired at an average price of $21.26 per share, with a total value of $5,315,000.00. Following the acquisition, the director owned 6,518,604 shares in the company, valued at approximately $138,585,521.04. This trade represents a 3.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders acquired 772,194 shares of company stock valued at $15,135,356. 2.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. DA Davidson reaffirmed an “underperform” rating and set a $21.00 price objective (down previously from $29.00) on shares of Rapid7 in a research report on Tuesday, May 13th. Citigroup reduced their price objective on Rapid7 from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday. Jefferies Financial Group set a $27.00 price objective on Rapid7 and gave the company a “buy” rating in a research report on Friday, August 8th. UBS Group reduced their price objective on Rapid7 from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Finally, Royal Bank Of Canada reduced their price objective on Rapid7 from $27.00 to $23.00 and set a “sector perform” rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.89.

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.