Rapid7, Inc. (NASDAQ:RPD) Given Consensus Recommendation of “Hold” by Analysts

Shares of Rapid7, Inc. (NASDAQ:RPD) have been given an average rating of “Hold” by the twenty-two analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.1579.

A number of equities research analysts have commented on the stock. UBS Group cut their target price on shares of Rapid7 from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Scotiabank reduced their price objective on Rapid7 from $20.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 5th. Wall Street Zen raised Rapid7 from a “hold” rating to a “buy” rating in a report on Saturday. DA Davidson cut their price target on Rapid7 from $16.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, November 5th. Finally, Piper Sandler lowered their price objective on shares of Rapid7 from $30.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th.

Rapid7 Stock Performance

RPD stock opened at $14.27 on Friday. The stock’s 50 day simple moving average is $15.56 and its 200 day simple moving average is $19.02. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 7.01. Rapid7 has a 12-month low of $13.21 and a 12-month high of $40.54. The stock has a market capitalization of $934.40 million, a PE ratio of 41.97 and a beta of 0.79.

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

Insider Buying and Selling

In related news, Director Marc Evan Brown acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of $15.21 per share, with a total value of $45,630.00. Following the completion of the purchase, the director directly owned 51,882 shares of the company’s stock, valued at $789,125.22. This represents a 6.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp purchased 41,545 shares of the company’s stock in a transaction on Friday, November 28th. The stock was purchased at an average price of $15.71 per share, with a total value of $652,671.95. Following the completion of the transaction, the director owned 6,760,149 shares of the company’s stock, valued at approximately $106,201,940.79. This trade represents a 0.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 67,345 shares of company stock worth $1,025,202 in the last quarter. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Rapid7

Institutional investors have recently added to or reduced their stakes in the stock. CI Investments Inc. grew its position in shares of Rapid7 by 48.4% during the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after purchasing an additional 744 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Rapid7 in the 3rd quarter valued at approximately $44,000. Headlands Technologies LLC purchased a new position in shares of Rapid7 in the 2nd quarter worth approximately $44,000. State of Alaska Department of Revenue bought a new position in shares of Rapid7 during the 3rd quarter valued at approximately $53,000. Finally, Cetera Trust Company N.A raised its holdings in Rapid7 by 34.6% during the 2nd quarter. Cetera Trust Company N.A now owns 4,730 shares of the technology company’s stock valued at $109,000 after buying an additional 1,215 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

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.